Ethereum (ETH) Within Striking Distance of 2021 Peak Amid Retail Disbelief
Ethereum's Recent Growth: Ethereum has surged over 8% recently, trading above $4,600 and nearing its all-time high of $4,891, despite retail traders exhibiting fear and selling rather than buying.
Market Dynamics and Future Outlook: Larger investors are absorbing the coins sold by smaller holders, indicating potential for further price increases, with experts predicting targets of $5,210 and $6,946 as network fundamentals strengthen alongside record transaction activity.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 732.071 | 1239.936 | 1698.911 | 2206.776 | 2665.751 | 3173.616 | 3632.591 |
| Fibonacci | 1239.936 | 1609.269 | 1837.443 | 2206.776 | 2576.109 | 2804.283 | 3173.616 |
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