🔮 ETH Forecast for Next Week: Expected Rise or New Correction?

Ethereum (ETH) recorded mixed performance last week, fluctuating near the $3050 level, with a noticeable increase in trading volume as traders await a clear move.

What is driving the market now?

📌 Upcoming U.S. inflation data on Tuesday could be a critical turning point. A decrease in the inflation rate could give the market a bullish push, while any negative surprise might pressure ETH and push it towards a correction.

📌 Neutral technical indicators leaning towards bullish: The Relative Strength Index (RSI) is hovering around 48, while a potential MACD crossover indicates the beginning of a positive wave if confirmed in the upcoming sessions.

📌 Whale movements: Monitoring large wallet transfers shows unusual activity. Over 100,000 ETH were moved to exchanges recently – is it preparation for selling or just a tactical move?

Where is the price heading?

If ETH manages to break the $3180 resistance with market momentum, we may see a rise towards $3400 in the coming days. However, if it fails, it is expected to retest the support area around $2950.

Advice for traders

Stay alert this week. The market is at a critical moment, and entry opportunities are present, but with high volatility. Risk management is as important as reading indicators.

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Do you expect ETH to rise this week? Share your predictions in the comments 👇

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