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Ethereum Price Prediction: ETH/USD May Keep the Price above $2100 as Bulls Set Target at $2200

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ETH Price Prediction – April 11

ETH/USD is still struggling to stay above $2200 as the entire market takes a brief pause.

ETH/USD Market

Key Levels:

Resistance levels: $2400, $2500, $2600

Support levels: $1900, $1800, $1700

ETHUSD – Daily Chart

ETH/USD is currently recovering above $2100 and it is likely to climb back above $2150 soon. Ethereum has remained relatively flat as the bulls and bears are struggling for the $2100 level. Meanwhile, the yearly high remains at $2158.69 with the nearest support level located at $2112.58 in the short term.

What is the Next Direction for Ethereum?

As ETH/USD keeps hovering above the 9-day and 21-day moving averages and if the price breaks above the upper boundary of the channel, it could test the potential resistance at $2200. However, a successful break above the channel could open the doors for an additional increase above the $2300 level. In the mentioned case, the price is likely to rise towards the $2400, $2500, and $2600 resistance levels in the coming sessions.

More so, as the technical indicator RSI (14) moves above the 60-level, which causes the market to remain at the upside but breaking below this level, may cause the coin to hit the nearest support at the $2000 level. If there is a bearish break below the 21-day moving average, ETH/USD could test the critical support at $1900, and any further bearish movement could lead to the support levels of $1800 and $1700 respectively.

When compares with Bitcoin, the Ethereum price is seen struggling above the 9-day and 21-day moving averages as the market keeps moving sideways; approaching the 0.036 BTC resistance level. Meanwhile, the 4-hours technical indicator RSI (14) is moving above 60-level, a slight bullish confirmation.

ETHBTC – Daily Chart

However, if the price breaks the important 0.036 BTC level, the bulls might push the market back to the 0.038 BTC. Therefore, if a breakout occurs above the upper boundary of the channel, traders may expect an immediate resistance at 0.039 BTC and above. Meanwhile, below the channel, the key support level could be located at 0.033 BTC and below.

Ethereum Price Prediction: ETH/USD May Keep the Price above $2100 as Bulls Set Target at $2200

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Ethereum Price Prediction: ETH/USD Triggers A Fresh Increase; Price May Head For $2100

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ETH Price Prediction – April 8

ETH/USD bullish action is breaking above the $200 barrier as the coin currently focuses on a $2100 resistance level.

ETH/USD Market

Key Levels:

Resistance levels: $2200, $2300, $2400

Support levels: $1800, $1700, $1600

ETHUSD – Daily Chart

ETH/USD begins to refresh above the 9-day and 21-day moving averages in order to remain above the $2000 resistance level as the coin currently trades at $2063 with a bullish crossover in the intraday. At the time of writing, ETH/USD touches the daily high of $2077. Higher support at $1950 is expected to be a stepping stone for a comeback below $2000 but the majestic rally could eye $2100 resistance level.

What to Expect from Ethereum (ETH)

Looking at the daily chart, parallel trade can only take over in the ETH trading if the $2000 subsidy is maintained at all costs. At the moment, the technical indicator RSI (14) is about to cross above the 60-level by sending the bullish signals to the upside and this may encourage more buyers to enter the market.

Meanwhile, the coin may continue to do well and the price could hit the resistance levels at $2200, $2300, and $2400 in as much as the 9-day MA stays above the 21-day MA, More so, if the technical indicator decides to make a quick turn back to the lower side, then, there may be a quick bearish drop within the channel and this may likely roll the market down to the support levels of $1800, $1700, and $1600.

Against BTC, Ethereum is trading above the 9-day and 21-day moving averages as the price is now hovering at 0.035 SAT as the technical indicator RSI (14) moves above the 60-level. Meanwhile, for the fact that the market follows the descending channel, the pair seems to be moving towards the upper boundary of the channel to cross into the upside.

ETHBTC – Daily chart

However, if this comes to pass, the resistance levels to be reached are located at 3900 SAT and 4000 SAT. On the other hand, a higher sustainable move below the moving averages may likely cancel the bullish pattern and could attract new sellers coming into the market with the next focus on 3300 SAT and 3200 SAT support levels.

Ethereum Price Prediction: ETH/USD Triggers A Fresh Increase; Price May Head For $2100

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Ethereum Price Prediction: ETH/USD Faces the Higher Side; Price May Head For $2100

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ETH Price Prediction – April 4

The Ethereum steady bullish action is breaking above the $2000 barrier; although, eyes currently glued on $2100.

ETH/USD Market

Key Levels:

Resistance levels: $2300, $2400, $2500

Support levels: $1800, $1700, $1600

ETHUSD – Daily Chart

ETH/USD is seen refreshing to a new high after touching the daily low of $1980 to breaches above $2000 while currently trades at $2075 with a bullish crossover and trend in the intraday. At the time of writing, ETH/USD keeps moving above 9-day and 21-day moving averages. Meanwhile, higher support at $1900 is expected to be a stepping stone for a comeback past $2000 and the majestic rally eyeing a $2100 resistance level.

What to Expect from Ethereum (ETH)

For Ethereum, parallel trade can only take over if the $2000 subsidy is maintained at all costs. Currently, the technical indicator RSI (14) is moving above the 60-level at the moment by sending bullish signals which can finally encourage more buyers to enter the market.

Meanwhile, in as much as the red-line of 9-day MA remains above the green-line of 21-day MA, the coin may continue to do well and the price could hit the resistance levels at $2300, $2400, and $2500 respectively. More so, if the technical indicator decides to make a quick turn back to the lower side, then, there may be a quick bearish drop which may likely roll the market down to the support levels of $1800, $1700, and $1600.

Against BTC, Ethereum is trading above the 9-day and 21-day moving averages as the price is now above the 60-level. For the fact that the market remains in the descending channel, the pair seems to be moving towards the upper boundary of the channel.

ETHBTC – Daily Chart

Meanwhile, if the buyers push the market price above the channel, ETH/BTC may likely reach the resistance levels of 3800 SAT and 4000 SAT. On the other hand, higher selling pressure may likely cancel the bullish pattern and this could attract new sellers coming into the market with the next focus on 3300 SAT and 3100 SAT support levels.

Ethereum Price Prediction: ETH/USD Faces the Higher Side; Price May Head For $2100

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Ethereum Price Prediction: ETH/USD Sliding Under $1800; Is It Going to Revisit $1500?

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ETH Price Prediction – March 21

Despite the short-term peak above $1800, Ethereum is showing lower trading signals in the coming days.

ETH/USD Market

Key Levels:

Resistance levels: $2000, $2100, $2200

Support levels: $1500, $1400, $1300

ETHUSD – Daily Chart

ETH/USD is currently declining and it may likely trade below the 21-day moving average as the coin is holding the $1700 support level, but there is a possibility of sideways movement in the near term. However, the pair is currently consolidating within the moving averages and it could decline towards the $1700 support if the technical indicator faces the south. Meanwhile, the Ethereum price is struggling to resume higher as the price might revisit the $1700 support level before it could climb again.

Where is LTC Price Going Next?

If there is an upside break above $1800, the price could test the $1900 resistance level. Any further gains might push the price towards the $2000, $2100, and $2200 resistance levels. On the downside, the $1700 level is initial support and if there are more downsides, the price could test the critical support levels of $1500, $1400, and $1300, where the bulls are likely to take a stand.

Moreover, ETH/USD is yet to show some positive signs above the $1850, but it might dip further in the short term. Having said that, ETH/USD may likely bounce back above $1850, as long as there is no daily close below the $1700. However, the RSI (14) may likely follow the sideways movement as the signal line stays around 53-level.

Against Bitcoin, the price behaves differently and the trend is well-maintained and remains within the moving averages. It keeps the support below the 9-day and 21-day moving averages, it may find another support below the lower boundary of the channel at $0.025 BTC and below.

ETHBTC – Daily Chart

However, the bulls are making effort to bring the price of ETH/BTC above the moving averages and if they are able to do so, the price could hit the resistance levels at 0.038 BTC and above. More so, the RSI (14) indicator is moving in the same direction above 40-level which may likely cause the market to move sideways.

Ethereum Price Prediction: ETH/USD Sliding Under $1800; Is It Going to Revisit $1500?

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Ethereum Price Prediction: ETH/USD Poises to Resume Uptrend as Price Touches $1596

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ETH Price Prediction – March 6

EHT/USD is trying to keep its upward movement while the sellers keep frustrating the movement.

ETH/USD Market

Key Levels:

Resistance levels: $1800, $1900, $2000

Support levels: $1200, $1100, $1000

ETHBTC – Daily Chart

Since the beginning of this month, ETH/USD has been trading within a range of $1420 and $1650. The daily chart reveals that the coin pushed higher today from the $1528 level as it reached $1596 before coming back to where it is currently trading at $1549.

Where is ETH Price Going Next?

As revealed by the daily chart, the Ethereum price is moving sideways, but it may likely face the resistance at $1600 if it wants to continue the upward movement. Meanwhile, ETH/USD remains in a bullish position despite being predictably rejected from the resistance level of $1596. However, as long as the world’s second-largest coin continues to trade above the 9-day MA in the short term, it presents more of a chance of indecision in movement; although a break below it may signal a new bearish phase in the market.

Nevertheless, as long as the 9-day moving average remains below the 21-day moving average, ETH/USD may continue to consolidate at lower levels. Therefore, if we could see a tremendous climb above the 21-day MA which is fast approaching; it may likely reach the resistance at $1800, $1900, and $2000 levels. More so, dropping below the lower boundary of the channel may reach the critical support levels of $1200, $1100, and $1000 respectively while the technical indicator RSI (14) moves in the same direction.

When compares with Bitcoin, Ethereum is following a bearish sentiment and about to break above the moving averages. The coin is suffering from a strong buying power as the bulls are trying to gain momentum. Meanwhile, the sellers continue to release huge pressure on the market. For now, Ethereum is trading around 0.032BTC which is very close to the lower boundary of the channel.

Currently, the technical indicator RSI (14) is moving above the 40-level, and should the bulls manage to find resistance at this level, an upward movement could push the price to the 0.040 BTC and potentially 0.045 BTC resistance levels. But, a push below the channel could lead the market price to the support of 0.025 BTC and below.

Ethereum Price Prediction: ETH/USD Poises to Resume Uptrend as Price Touches $1596

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Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, XLM

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Hot on the heels of Paypal’s crypto adoption, JPMorgan’s Global Markets Strategy division released a report detailing how Bitcoin (BTC) could offer “considerable” upside “if it competes more intensely with gold as an ‘alternative’ currency.”

According to the analysts, the three reasons for their long-term bullish view on Bitcoin are the large valuation gap between Bitcoin and gold, the growing utility of cryptocurrencies, and millennials preferring Bitcoin over gold in the long-term.

This report shows that institutions are gradually realizing the huge potential of cryptocurrencies and are willing to take a U-turn on their previous apprehensions.

Crypto market data daily view. Source: Coin360

Galaxy Digital CEO Mike Novogratz said that PayPal’s decision on crypto could force other big banks to consider ways to engage with digital assets. “We are going to see, over the next 10 years, a rebuilding of the financial infrastructure of this country,” Novogratz added in an interview with CNBC.

On similar lines, in a recent interview with Peter McCormack, Gemini crypto exchange founders Tyler and Cameron Winklevoss reiterated their bullish Bitcoin stance, explaining that they expect BTC to eventually reach $500,000.

The twins believe that if big Fortune 100 or 500 companies and central banks start buying Bitcoin for their treasury reserves, Bitcoin’s price could soar.

At the moment investors are wondering if Bitcoin can build upon the current bullish momentum and continue its journey northward.

Let’s study the charts of the top-5 cryptocurrencies to find out if Bitcoin and altcoins will move higher.

BTC/USD

Bitcoin (BTC) is in an uptrend and the price has been sustaining above the breakout level of $12,460 for the past few days. The rising 20-day exponential moving average ($11,938) and the relative strength index in the overbought zone suggest that bulls are in command.

BTC/USD daily chart. Source: TradingView

The bulls had pushed the price above $13,214 today but they could not sustain the higher levels. This suggests that the bears have not yet thrown in the towel and are defending the $13,200 level.

However, as the trend is up, the bulls are likely to buy on dips to the breakout level of $12,460. Even if this support cracks, the bulls may again step in and buy at the 20-day EMA.

If the BTC/USD pair rebounds off either level, the bulls will once again try to push and sustain the price above $13,214. If they succeed, a rally to $14,000 could be on the cards.

This positive view will be negated if the bears sink the price below the 20-day EMA. Such a move will suggest that the current breakout was a bear trap.

BTC/USD 4-hour chart. Source: TradingView

The bears thwarted an attempt by the bulls to extend the uptrend today when they did not allow the bulls to sustain the price above $13,214. The sellers dragged the price down to the

immediate support at the 20-EMA on the 4-hour chart.

The bulls are currently attempting to keep the price above the 20-EMA but the bearish divergence on the RSI suggests that the momentum may be weakening.

A break below the 20-day EMA could result in a retest of $12,460, while a strong rebound off the current levels could resume the uptrend.

ETH/USD

Ether (ETH) broke above the $308–$396 range on Oct. 22, which suggests that the bulls have overpowered the bears. Although bears have stalled the up-move at $420, they have not been able to pull the price back below $396.

ETH/USD daily chart. Source: TradingView

This suggests that the bulls are buying on dips to $400. The upsloping 20-day EMA ($383) and the RSI above 59 also indicate that bulls have the upper hand.

If the bulls can push the price above $421, the ETH/USD pair could start a rally that may challenge the Sep. 1 highs at $488.134.

This bullish view will be invalidated if the bears sink the pair back below $396 and the 20-day EMA at $383. Such a move could keep the pair range-bound for a few more days.

ETH/USD 4-hour chart. Source: TradingView

The pair has formed a flag pattern following the breakout above $400. The long tail on the retest of the breakout level suggests that bulls are accumulating at lower levels. A breakout above the flag will signal the possible start of a new uptrend.

Contrary to this assumption, if the bears sink the price below the flag, a drop to the $396–$400 zone is likely. If the pair once again rebounds off this support, the bulls will try to resume the uptrend. Conversely, the trend will favor the bears if the $388 support cracks.

XRP/USD

Although XRP has not yet started an uptrend, it has formed a possible inverse head and shoulders pattern that will complete when the price breaks out and closes above the overhead resistance at $0.26.

XRP/USD daily chart. Source: TradingView

If that happens, the XRP/USD pair could pick up momentum and rally to $0.30. A sequence of higher highs and higher lows since the Sep. 23 lows indicate a minor advantage to the bulls.

If the pair rebounds off the 20-day EMA ($0.249) or the uptrend line, the bulls will try to drive the price above $0.26.

This positive view will be negated if the bears sink the price below the uptrend line. Such a move could result in a drop to $0.228409.

XRP/USD 4-hour chart. Source: TradingView

The failure of the pair to sustain above $0.26 could have resulted in the liquidation of long positions that pulled the price below the 20-EMA on the 4-hour chart.

Currently, the flattish 20-EMA and the RSI near the midpoint suggests a balance between supply and demand.

A breakout of $0.2635 could tilt the advantage in favor of the bulls while a break below the uptrend line may signal an upper hand to the bears.

LTC/USD

Litecoin (LTC) completed an inverse head and shoulders pattern when it broke out and closed above the overhead resistance at $51.50 on Oct. 21. This setup has a target objective of $61.50 and if this level is crossed, the up-move may extend to $64.

LTC/USD daily chart. Source: TradingView

The rising 20-day EMA ($51.30) and the RSI near the overbought zone suggest that bulls have the upper hand.

Usually, after the breakout of a reversal pattern, the price dips to retest the breakout level. In this case, such a move could drag the price down to $51.50. If the price rebounds off this level, it suggests that the breakout is valid.

However, if the bears sink the LTC/USD pair below the 20-day EMA, it will suggest a lack of demand at higher levels. Therefore, it is a good strategy to wait for a rebound from a strong support before buying rather than enter on the way down.

LTC/USD 4-hour chart. Source: TradingView

The 20-EMA on the 4-hour chart is sloping up and the bulls have been buying the dip to this support in the past few days. This suggests that the sentiment is positive and the bulls view dips as a buying opportunity.

The RSI has been trading near the overbought zone, which also suggests that bulls are in control. A break below the 20-EMA will be the first sign that the momentum may be weakening. Such a move could result in a drop to $53 and then to $51.50.

XLM/USD

Stellar Lumens (XLM) has repeatedly risen above the overhead resistance at $0.084584 in the past few days but the bulls have not been able to capitalize on the move and start a new uptrend. This suggests that the bears are defending this resistance.

XLM/USD daily chart. Source: TradingView

However, the upsloping 20-day EMA ($0.080) and the RSI in the positive territory suggests that bulls have the upper hand.

If the bulls can propel the price above the $0.084584–$0.087753 resistance, the XLM/USD pair will complete a rounding bottom pattern. This reversal setup has a target objective of $0.102327.

Contrary to this assumption, if the pair turns down from the current levels and breaks below the 20-day EMA, it will suggest that the bulls have squandered their advantage.

XLM/USD 4-hour chart. Source: TradingView

The pair broke below the support line of the triangle but the bears have not been able to capitalize on this move. The bulls are currently attempting to push the price back inside the triangle.

If they succeed, the pair could rally to the resistance line of the triangle. A breakout and close above the triangle might begin a new uptrend.

Contrary to this assumption, if the bears sustain the price below the support line of the triangle, the sentiment could weaken and the pair may drop to $0.079 and lower.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, XLM

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