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Synopsis: Ethereum price right now is $ 2921.54, with a 24-hour trading volume of $ 18.89B, market cap of $ 350.69B, and market dominance of 18.24%. The ETH price decreased -0.89% 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’s current circulating supply is 120.03M 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 6.18% and reach $ 3100.77, by March 25, 2022. According to our technical indicators, the current sentiment is Neutral, while the Fear & Greed Index is showing Fear. Ethereum recorded 53% green days with 5.03%, 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 $ 2946.79, Ethereum has support levels of $ 2914.55, $ 2883.02, and the strongest at $ 2850.79. Similarly, Ethereum resistance levels are at $ 2978.32, $ 3010.55, and $ 3042.08. 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 -3.49%. The 1-year performance of ETH USD is 62.95%.
You can predict cryptocurrency prices, by considering both on chain and off chain metrics, as well as technical indicators that take into account Ethereum’s, past price performance. Another tool you can use is to gauge the market sentiment, to see whether investors are optimistic or pessimistic, about Ethereum. Keep in mind that there is no way to predict, the future with 100% success, and past performance, is no guarantee of future results.
Ethereum appears to be bound for significant price, action as its on-chain activity turns bullish. The second largest cryptocurrency by market cap has risen by more than 15.7% over the last five days, gaining over 400 points in market value.
According to technical analyst Luke Martin, the upward price action allowed ETH to breach a critical trendline that had been preventing it from rallying since the beginning of the year. Further buying pressure could push Ethereum past the psychological $3000 resistance level.
On-chain data from IntoTheBlock shows that Ethereum faces little to no resistance ahead. The most significant supply wall was at $2860, where nearly 800,000 addresses have previously purchased 8.73 million ETH. Now that this hurdle has been turned into support, ETH could be ready to advance to $3300 or higher. Recent exchange outflows adds credence to the bullish outlook. 180000 ETH was withdrawn from known cryptocurrency exchange wallets today. IntoTheBlock maintains that this is the largest outflow from centralized exchanges recorded in 2022. The last time such a high quantity of ETH was removed from exchanges was in October 2021. The price of ETH surged 15% soon after.
The ETH BTC trading pair also appears to be primed for an upswing. It has been contained in an ascending parallel channel since May 2021, where each time it tests the lower boundary of this technical formation, it rises by more than 40% towards the upper trendline to the retrace again.
#ethereum
#eth
#crypto