Is Ethereum Getting Ready for a Rise? Current ETH Analysis!

  • Ethereum price remained strong compared to Bitcoin’s decline.
  • ETH/BTC pair continues to rise.
  • If Ethereum breaks the level of $1924, where will its target be?

What will be the future of Ethereum? What can Ethereum investors expect? Will Ethereum reach the level of $3000? Current ETH analysis!

Medium-Term ETH Price Analysis!

12 Hour ETH/USD Price Chart Source: TradingView

When we examine the medium-term ETH price chart, it can be seen that Ethereum price has experienced less decline than Bitcoin.

If the ETH price continues to make daily candlestick closes above the level of $1819, it can rise up to the level of $1923.

If the ETH price makes daily candlestick closes above the level of $1923, it can rise up to the level of $2042 in the first stage.

If Ethereum price makes daily candlestick closes below the level of $1819, its first target for decline can be the level of $1779.

Ethereum is Strong Against Bitcoin! (ETH/BTC)

12 Hour ETH/BTC Chart Source: TradingView

12 Hour ETH/BTC Chart Source: TradingView

When we examine the ETH/BTC price chart, it can be seen that it has experienced a 2.50% higher increase against Bitcoin with yesterday’s upward movement.

If the ETH/BTC pair makes daily candlestick closes above the level of 0.066200 mentioned in the analysis, it can rise up to the level of 0.06781.

This kind of upward movement can lead to seeing the ETH price at the level of $1923 mentioned in the above chart.

If ETH/BTC makes daily candlestick closes above the mentioned resistance zone of 0.06781, it can rise up to the level of 0.070.

Is Ethereum Preparing for a Rise? Current ETH Analysis! news was first published on CoinOtag.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Justin Sun Highlights Trust Fraud Concerns as Hong Kong Strives to Boost Foreign Investment

In a recent report by COINOTAG, significant concerns have...

Symbolic Capital Partners Moves $19.36 Million in Ethereum to Exchanges: A Monthly Total of $52.44 Million

According to COINOTAG News, recent data from The Data...

Russia’s FSSP Develops New Mechanism for Seized Bitcoin Conversion to Boost National Revenue

In a recent announcement on April 3rd, the Federal...

US Bitcoin Spot ETF Sees $218.1 Million Net Inflow Despite BlackRock’s BBIT Outflow

On April 3rd, COINOTAG reported significant movements in the...

Bitcoin Sees $187 Million Net Inflow as Cryptocurrency Market Shows Significant Movements

According to recent data from Coinglass, reported on April...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img