Price Analysis

Ethereum Price Analysis: ETH Price May Hit $2500 in the Next 7 Days!

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Aug 13, 2022

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Ethereum (ETH) Price Analysis

  • The Ethereum price is swinging within an ascending triangle ever since it flipped from the lows a month ago
  • As the final testnet Goerli Testnet went live the ETH price sliced through the crucial resistance and consolidated just above these levels
  • Currently, the price has formed a minute bullish flag which may uplift the price above $2100 in a short while from now
  • Once the ETH price slices through these levels then it may range high to test the next target at $2400 which may pave the way to secure levels above $2500

Ethereum (ETH) Technical Analysis

Technical Indicators

Technical IndicatorsValue (STF/HTF)Action (STF/HTF)
Relative Strength Index(RSI)65.03 / 46.34Buy / Neutral
MACD54.43 / -391.45Buy / Sell
Average Directional Index(ADX)23.65 / 31.16Neutral / Neutral
Average True Range(ATR)51.34 / 375.22Less Volatility / Less Volatility
Bull-Bear Power73.36 / 112.88Buy / Buy

Pivot Levels

Pivot LevelsShort TermLong Term
Resistance$2100$2978
Support $1744$1013
Moving Average(MA)-50$1732.78$2892.34
Moving Average(MA)-200$1460.841239.55

The Ethereum (ETH) price is extremely bullish in all the time zone as all the indicators are flashing a huge buy signal. Therefore, the asset appears to be poised to achieve the higer targets very soon.

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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