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Home » Ethereum (ETH) Price Prediction and Analysis – Daily Updates

Ethereum (ETH) Price Prediction and Analysis – Daily Updates


Chart Analysis
Is ETH Ready to Challenge $3.5K and $4K After Recent Crash? (Ethereum Price Analysis)

Is ETH Ready to Challenge $3.5K and $4K After Recent Crash? (Ethereum Price Analysis)

Dec 30, 2024 12:32

Ethereum recently found stability at the $3K support region after facing substantial selling pressure, leading to a consolidation phase. A golden cross on the daily chart


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How to read Ethereum (ETH) Charts?

There are various software solutions and trading tools used to gauge the price of Ethereum on a chart, but the most common one is undoubtedly through a chart with Japanese candlesticks. Every candlestick is a visual representation of a time frame - it can be a second, a minute, an hour, a day, a week, a month, or even a year. Each candle provides specific information, which includes the opening price, the current price, the closing price (the price at which the candle was closed and a new one appeared on the chart), as well as the highest and the lowest point of the price reached during that time frame. In addition to simply looking at the candles, most charting tools also provide additional instruments such as moving average trendlines, Fibonacci retracement levels, Relative Strength Index (RSI), and more.

What affects the price of Ethereum (ETH)?

Cryptocurrencies traded on the open market are much like any other asset traders can access on an exchange. ETH - the native cryptocurrency of the Ethereum protocol - is no exception. Its price can be affected by many factors that can be categorized into two. First, there are internal considerations specific to Ethereum. For example, positive developments associated with the protocol can boost the price of ETH, while negative developments can lead to a decline. On the other hand, there are also external factors. For example, many altcoins, including ETH, are affected by Bitcoin price fluctuations. Therefore, if BTC goes into a parabolic bull run, this usually leads to increased investments and inflows into the altcoin sector, positively impacting ETH’s price and vice-versa.

What are Ethereum (ETH) price predictions based on?

ETH price predictions aim to accurately determine the trajectory of the asset for a predetermined future period. They tend to be made by analysts and industry experts who base them on a variety of criteria, including but not limited to past performance. Historical trends are typically the most common foundation for price predictions - by analyzing how ETH performed during certain events in the past, experts are attempting to predict how it might perform in the future, given that the same or similar conditions are met.

Ethereum Price Predictions and News

  • Ethereum to Outperform Bitcoin in ‘Face Melting Rally’ in Q1: Analysts

    Ethereum to Outperform Bitcoin in ‘Face Melting Rally’ in Q1: Analysts

    Jan 2, 2025
  • ETH Outpaces BTC in Long-Term Holder Retention Throughout 2024: ITB

    ETH Outpaces BTC in Long-Term Holder Retention Throughout 2024: ITB

    Dec 30, 2024
  • Is ETH Ready to Challenge $3.5K and $4K After Recent Crash? (Ethereum Price Analysis)

    Is ETH Ready to Challenge $3.5K and $4K After Recent Crash? (Ethereum Price Analysis)

    Dec 30, 2024
  • Ethereum Price Analysis: ETH Could Plummet to $3K After Losing These Support Levels

    Ethereum Price Analysis: ETH Could Plummet to $3K After Losing These Support Levels

    Dec 27, 2024
  • Ethereum Price Analysis: Is ETH Doomed to Slump to $3K After Getting Rejected at $4K?

    Ethereum Price Analysis: Is ETH Doomed to Slump to $3K After Getting Rejected at $4K?

    Dec 25, 2024
  • Ethereum Key Metrics Point to Persistent Bullish Outlook for ETH: CryptoQuant

    Ethereum Key Metrics Point to Persistent Bullish Outlook for ETH: CryptoQuant

    Dec 23, 2024
  • Ethereum Price Analysis: Following a 15% Weekly Crash, What’s Next for ETH?

    Ethereum Price Analysis: Following a 15% Weekly Crash, What’s Next for ETH?

    Dec 21, 2024
  • Ethereum Price Analysis: ETH Rejected at $4K Again, Is $3.5K Next?

    Ethereum Price Analysis: ETH Rejected at $4K Again, Is $3.5K Next?

    Dec 18, 2024
  • This Cohort of Ethereum Whales Accumulates Record 57.35% of Supply

    This Cohort of Ethereum Whales Accumulates Record 57.35% of Supply

    Dec 17, 2024
  • BTC at $180K, ETH to $6K, and More: Here’s VanEck’s Top Crypto Predictions for 2025

    BTC at $180K, ETH to $6K, and More: Here’s VanEck’s Top Crypto Predictions for 2025

    Dec 16, 2024
Previous Updates
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