Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Ripple CEO Wants To Take Over SWIFT’s Customers — Centrals Banks Tap In

July 10, 2025

Trump’s Truth Social Introduces ‘Gems’ Linked to Utility Token

July 10, 2025

Top Coins To Buy And HODL As Nvidia Briefly Surpasses $4T Market Cap

July 10, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Ethereum Price Prediction: Can ETH Price Slingshot To $3k With This?

0
By on September 17, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Ethereum Price Prediction: Can ETH Price Slingshot To $3k With This? appeared first on Coinpedia Fintech News

With the crypto market completing the first half of September on a bearish note, the possibility of history repeating has increased. Further, with the price of Bitcoin stabilizing around the $58,000 level, the cryptocurrency market is speculated to have entered into a cool-off period.

Despite hovering close to its resistance/support level of $2.3k, the Ethereum price hints at a potential bullish reversal. Moreover, the price is anticipated to retest its upper high of $3K in the coming time.

But what could trigger the price of ETH to retest its monthly high? Reportedly, over the past few days, the Ethereum staking has witnessed a significant increase in its volume. This shows an increased inflow of digital assets through more number of users.

ETH Price Analysis

The Ethereum price has been trading below its important resistance level of $2,500 over 20 days. During this period, it has faced repeated rejection at this point. This highlights a strong selling point for the altcoin at that level.

Despite recording a jump of ~1% within the past day with a trading volume of $13.57 billion, it has recorded a drop of 1.67% over the past week. Moreover, it has plunged 12.79% during the past month and has a YTD return of -1.68%. This highlights long-term bearish action.

The Moving Average Convergence Divergence (MACD) has recorded a constant decline in the green histogram. This indicates a weak buying pressure for the Ethereum price in the market.

Furthermore, the SMA indicator acts as a resistance to the ETH price chart in the 1D time frame. This suggests a weak outlook for the leader of altcoins this week.

Will Ethereum Price Hit $3k Again?

Suppose, the crypto market experiences a bullish reversal, in that case, the ETH coin price will prepare to retest its resistance level of $2.4k. Maintaining the price above that level could set the stage for this altcoin to head toward its upper high of $2,500 in the coming time.

On the flip side, if the bears continue gaining momentum, the Ethereum token could test its low of $2,200. Moreover, if the bearish sentiment intensifies, it could plunge toward its lower support of $2,100 this month.

Keen on learning about the future prospects of Ethereum? Read our ETH Price Prediction!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ripple CEO Wants To Take Over SWIFT’s Customers — Centrals Banks Tap In

July 10, 2025

Trump’s Truth Social Introduces ‘Gems’ Linked to Utility Token

July 10, 2025

Top Coins To Buy And HODL As Nvidia Briefly Surpasses $4T Market Cap

July 10, 2025
Leave A Reply Cancel Reply

What's New Here!

Ripple CEO Wants To Take Over SWIFT’s Customers — Centrals Banks Tap In

July 10, 2025

Trump’s Truth Social Introduces ‘Gems’ Linked to Utility Token

July 10, 2025

Top Coins To Buy And HODL As Nvidia Briefly Surpasses $4T Market Cap

July 10, 2025

Viral ETH Meme Coin Under $0.0015 Predicted to Hit $0.60 if Ethereum Reaches $7,000 in 2025

July 10, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.