#ETH Based on current market trends and technical indicators, Ethereum's price is expected to fluctuate within a range of $2,455 to $2,585 in the next 12 hours. Here's a breakdown of key factors influencing this prediction ¹:

Current Price: Ethereum is trading at $2,555, with a 24-hour range of $2,535 to $2,671.

Support and Resistance Levels: The first major resistance level is at $2,585. If the price breaks above this level, the next resistance levels to watch out for are $2,786 and $2,940. Conversely, the bottom support sits at $2,455, and if the price falls below this level, it may drop even lower.

Technical Indicators: 6 out of 17 technical indicators call for a buy, while 6 suggest a sell, resulting in a bullish prediction sentiment. The 14-day relative strength index (RSI) is at 47.54, indicating natural market conditions without being oversold or overbought.

Short-Term Forecast: According to CoinLore's Ethereum price prediction, the price might reach $2,567 in the next day, and $2,573 in the next 10 days.

Keep in mind that cryptocurrency markets are highly volatile, and actual prices may vary based on market conditions.