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Synopsis: Ethereum price right now is $ 3008.65, with a 24 hour trading volume of $ 25.53B, market cap of $ 361.22B, and market dominance of 18.38%. The ETH price increased 3.18% 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 bullish. Ethereum’s current circulating supply is 120.06M 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 drop by -5.23%, and reach $ 2853.61 by March 27, 2022. According to our technical indicators, the current sentiment is Neutral, while the Fear & Greed Index is showing Fear. Ethereum recorded 60% green days, with 5.33% price volatility over the last 30 days. Based on our Ethereum forecast, it’s now a good time to buy Ethereum.
Ethereum price looks more bullish, as the week progresses after breaking through $3000. ETH price is likely to keep charging higher if bulls can maintain momentum. Ethereum price is trading on the upper, side of this month’s range today at around $2943, and It does appear that bulls have regained some overall strength. For one, ETH price bounced perfectly on the median line six days, ago and has gone on to print a large bullish engulfing candlestick on the 2 day chart. If market conditions continue, Ethereum price could see a spike towards $4000 in the coming weeks.
ETH price 17%, rally from the median line to current levels does, appear to have two more barriers to breach, before the bulls can confidently say they are in control, of the trend. The bullish thesis could be invalidated if Ethereum price loses $2550. If bears manage to push prices this low, the upward momentum, will likely diminish. Investors could then expect to see ETH price sweep, of the lows as the bears will aim to challenge support, at $2400 and $2300, respectively.
For one, an Ethereum price of $3000, is a psychological number in the crypto world and will likely, continue to have participants on their toes. Secondly, ETH faces the upper resistance barrier on the daily trend channel. The technical price action suggests a decisive close above $3100, and maintaining this level as support could lead to further gains. Based on today’s classical pivot point, with the value of $ 2899.43, Ethereum has support levels of $ 2839.85, $ 2780.09, and the strongest at $ 2720.51. Similarly, Ethereum resistance levels are at $ 2959.18, $ 3018.77, and $ 3078.52. 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 up 8.21%. The 1year performance of ETH USD is 66.20%.
Ether is outperforming its better known rival Bitcoin, once again as optimism, over a long sought update that promises to reduce the carbon footprint of the world’s most-used, blockchain appears to be getting closer to fruition. Ether, the native cryptocurrency of the Ethereum blockchain, has rallied more than 16%, in the past seven days, while Bitcoin rose 8.4%. So far this year, Ether is down about 17% and Bitcoin has fallen, roughly 7%. The latest bout of outperformance is happening as anticipation builds for the biggest software upgrade in Ethereum’s, eight year history. Called the Merge and expected within months, it will change how transactions on Ethereum are ordered, helping the network consume less electricity and run more efficiently. Developers have been promising the upgrade for years. The last test of this software before the Merge is triggered, began on March 15, and after some initial glitches, such as error messages, appears to be running smoothly.
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#ethereum
#crypto