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Synopsis: Ethereum price right now is $ 2951.68, with a 24-hour trading volume of $ 26.36B, market cap of $ 354.27B, and market dominance of 18.42%. The ETH price increased 5.29% in the last 24 hours.
Ethereum reached its highest price on Nov 10, 2021 when it was trading at its all-time high of $ 4867.17. The lowest price since it’s ATH was $ 2174.36 cycle low. The highest ETH price since the last cycle low was $ 3277.99 cycle high. The Ethereum price prediction sentiment is currently neutral. Ethereum price, like Bitcoin price, is stuck between the weekly supply zone, extending from $2927 to $3413, and the weekly support level at $2413. These barriers have constrained the movement of ETH and therefore its upside potential.
After failing to breach the 50 day Simple Moving Average, three times over the past month, ETH flipped it on Mach 16. Since then, Ethereum price has also plowed through the said supply zone and is making it’s way higher. Going forward, investors can expect the smart contract token to retest the 100 day, SMA at $3,129 and, in some cases, hit the $3200 whole number. However, any move beyond this hurdle seems unlikely. On the other hand, if Ethereum price fails to push through the weekly supply zone, extending from $2927 to $3413, it will reveal a weakness among buyers and suggest a potential reversal could occur. A daily candlestick close below the weekly support level at $2541, will create a lower low and invalidate the bullish, thesis for Ethereum price. In this case, ETH bears are likely to drag the coin to the $2000 psychological barrier, or to retest the $1968 weekly support level.
Ethereum’s current circulating supply is 120.02M ETH. In terms of market cap, Ethereum is currently ranked 2 in the Proof of Work sector.
According to our current Ethereum price prediction, the value of Ethereum will rise by 8.13% and reach $ 3192.57 by March 24, 2022. According to our technical indicators, the current sentiment is Neutral, while the Fear & Greed Index is showing Fear. Ethereum recorded 50%, green days with 4.89% price volatility over the last 30 days. Based on our Ethereum forecast, it’s now a good time to buy Ethereum.
Based on today’s classical pivot point, with the value of $ 2901.41, Ethereum has support levels of $ 2824.14, $ 2702.26, and the strongest at $ 2624.99. Similarly, Ethereum resistance levels are at $ 3023.29, $ 3100.56, and $ 3222.45. To get a better idea of what could happen to the Ethereum price in the future, it’s helpful to also explore Ethereum’s price history. In the last month, the ETH USD pair is down -5.68%. The 1-year performance of ETH USD is 64.61%.
#ethereum
#eth
#crypto