Ethereum draws attention with its wavy price movements in the crypto currency world. Recent recovery has increased the interest of investors. However, long -term uncertainties in Ethereum price bring many questions. “Will ETH rise again?” And “is it time to invest now?” Questions such as, are among the most curious issues of those who follow the market. So, what is expected in the price of Ethereum?
Price volatility increases in Ethereum
The price of ETH has increased by 2 percent in the last 24 hours and reached a transaction volume of $ 18.54 billion. However, 1.55 percent on a weekly basis suffered losses and the monthly decline reached 16.64 percent. These wavy price movements both hope for investors and forced them to be cautious.
Ethereum, which has lost 18.87 percent since the beginning of the year, is currently 325.75 billion dollars. Although the market dominance is around 10 percent, the price in the long run can gain strength again. In particular, the change in technical indicators gives signals of a potential recovery.
Technical Analysis: ETH gives rise signals
In Ethereum’s daily graph, the RSI indicator shows signs of recovery from the over -selling zone. This indicates that buyers are gradually returning to the market. In addition, the weakening of red histograms in the MACD indicator increases the likelihood of rise.
If these indicators are verified, the price of Ethereum is expected to test the resistance level of $ 2870. Exceeding this level can prepare the ground for the price to rise up to $ 3300. However, investors should not forget that these movements may be volatile.
Ethereum ETF outputs and its impact on the market
On February 10, Grayscale’s “Ethe” product drew attention with a $ 22.5 million output. This ended the seven -day entrance series of Ethereum ETFs. Such large outlets can put pressure on the price in the short term.
However, the market tendency to recover may limit the effect of these outlets. If Ethereum ETF inputs increase again, the price is expected to reach stronger levels. This may become more pronounced, especially if the support of $ 2530 is preserved.
Can Ethereum see $ 3000?
If the market returns to the bull trend, the Ethereum price may test resistance of $ 2870. A permanent movement above this level can carry the price to $ 3000 and then to $ 3300. However, a possible decline scenario is likely to withdraw the price to $ 2530.
If the sales pressure increases, the price of Ethereum may decrease to $ 2175. It is important that investors carefully monitor these levels and take positions according to market trends.
