Analysis and Price Prediction of $ETH /USDT
Current Price and Performance:
Price: $3,347.41, down 3.07% in the last 24 hours.
24h High: $3,555.18
24h Low: $3,293.11
ETH recently tested its daily low of $3,293.11 but is showing signs of recovery.
Indicators on the Chart:
Bollinger Bands:
The price is just above the middle band (MB: $3,342.01), suggesting a potential short-term consolidation or bullish push.
The lower band (DN: $3,302.34) acted as strong support during the drop.
Volume:
A noticeable volume spike near $3,293 indicates buyers stepping in at support levels, suggesting accumulation.
Moving Averages:
MA(5): $2,201.92 and MA(10): $2,625.23 show momentum is increasing but still reflecting short-term bearishness.
Trend:
On the 15-minute timeframe, ETH is in a minor recovery after hitting its daily low. The downtrend appears to be slowing, with the potential for sideways movement or an upward correction.
Price Prediction:
Based on the current data:
Short-Term Prediction (Next Few Hours):
If buyers maintain momentum, ETH could test $3,380–$3,400 as immediate resistance.
A failure to hold above $3,340 might lead to retesting the $3,300–$3,310 range.
Mid-Term Prediction (Next Few Days):
If ETH breaks above $3,400 convincingly, it could aim for $3,450–$3,500.
If bearish pressure increases, ETH may drop to $3,280 or lower.