Ethereum Price Prediction: ETH/BTC Ratio Rebounds to Three-Month High
- ETH/BTC Ratio Rebound: The ETH/BTC ratio surged to 0.0313 on April 15, marking a three-month high, driven by an 82% increase in new Ethereum users and stablecoin supply reaching $180 billion, indicating robust demand and market confidence in Ethereum.
- Capital Flow Trends: With 284,000 new Ethereum addresses and $11.6 billion in institutional ETF inflows in Q1, capital is shifting from Bitcoin to Ethereum, further strengthening the price prediction for Ethereum, which is expected to approach $4,500.
- Pepeto Presale Performance: The Pepeto exchange presale has raised $8,940,333, with expectations of achieving 150x returns post-confirmed Binance listing, reflecting strong investor interest in early-stage investments, particularly in the current market environment.
- Price Prediction and Market Dynamics: Changelly forecasts Ethereum's price to range between $2,307 and $2,774 in April, with the current price at $2,343, despite a 53% pullback, the long-term bullish sentiment remains strong, especially with the increase in stablecoin supply supporting the network.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 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 crypto.
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 | 1904.709 | 2040.194 | 2193.939 | 2329.424 | 2483.169 | 2618.654 | 2772.399 |
| Fibonacci | 2040.194 | 2150.68 | 2218.938 | 2329.424 | 2439.91 | 2508.168 | 2618.654 |
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