The post Ethereum Price Prediction: Will ETH Price Break $3,000 Soon? appeared first on Coinpedia Fintech News
Amid the ongoing uncertainty in the crypto market, the Ethereum price continues to lose momentum. Notably, the ETH price continues hovering around the $2600 mark and has repeatedly failed to break out of its resistance level, suggesting a strong selling point at that level.
Are you one of many who are planning on investing in this digital asset but are concerned about its long-term prospects? Read our latest article on the Ethereum token to uncover the possible mysteries!
ETH Crypto Records Increased Price Volatility!
The price of Ethereum continues recording a bearish action by losing 0.73% in 24 hours and 1.84% over the past seven days. Furthermore, the largest altcoin by market cap has dropped 19.16% in the last 30 days and has a YTD return of -20.16%, highlighting rising negative sentiment.
TradingView: ETH/USDT
The Moving Average Convergence Divergence (MACD) records a rising green histogram in the daily time frame with its averages recording a similar price trend. This suggests an increase in the positive influence of the altcoin in the crypto market.
However, the EMA 50/200-day displays a Death Cross in the Ethereum price chart. With this, the ETH price hints at an increasing uncertainty in the upcoming time.
Will ETH Price Hit $3000?
Suppose, a bullish trend reversal occurs, in that case, the price of Ethereum could retest its resistance level of $2,870. Moreover, if the bullish sentiment sustains, this could set the stage for this altcoin to head toward its upper price target of $3,272 this month.
On the contrary, a sustained bearish action could pull the price toward its support level of $2,530. Furthermore, if the bearish sentiment intensifies, this may pull the price of ETH crypto token toward its crucial low of $2,175 in the upcoming time.
Are you wondering if the largest altcoin by market capitalization will achieve the milestone price of $5000 this year? Read our latest Ethereum Price Prediction today to explore the long-term prospects!
FAQs
If the market favors the bulls, the ETH crypto coin could range between $2,917 and $5,925 this year.
Considering the present market trends, the largest altcoin could achieve the $10000 mark by the year 2028.
With increased adoption and rising bullish sentiment, the ETH coin price could reach a maximum trading value of approximately $16,000 during the year 2030.