$ETH #ETH Price Prediction: Will the Uptrend Continue?
📈 According to the ETH/USDT chart on Binance, the current price is at $3,601.21, with a steady growth trend over the past 24 hours (+4.82%). Some highlights from the chart:
1-Day Time Frame:
Highest Price: $3,630.00
Lowest Price: $3,423.44
High trading volume, with 337,811.36 ETH traded.
Technical Indicators:
Short-term MA (Moving Average) (9 days): $3,561.33 is showing signs of crossing above the long-term MA (34 days: $3,440.34). This is a positive signal indicating that the price may continue to rise.
Bollinger Bands are narrowing, indicating a period of accumulation before a potential large breakout.
🧐 Analysis:
If trading volume continues to rise, the price of ETH may target the resistance zone of $3,700 - $3,800.
However, attention should be paid to the important support level at $3,500. If the price drops below this level, the possibility of a reversal to $3,400 may occur.
💡 Suggested Strategy:
Short-term investors may consider taking partial profits at the nearest resistance zone.
Long-term investors should monitor breakout signals or fundamental factors (Ethereum news).
How do you predict ETH's price will be next week? Please share your thoughts! 🚀
