#ETH Ethereum's current price is $2,528, with a 3.07% decrease in the last 24 hours. Based on technical analysis, the short-term sentiment is bullish, but the prediction sentiment is bearish. Here are some key levels to watch ¹:
Support Level: $2,455
Resistance Level: $2,585
If Ethereum breaks above $2,585, the next resistance levels to watch out for are $2,786 and $2,940. Conversely, if it falls below $2,455, the price might drop further.
Given the current trend and technical indicators, here's a possible price range for Ethereum in the next 6 hours:
Optimistic Scenario: $2,550 - $2,585 (if it breaks above the resistance level)
Neutral Scenario: $2,520 - $2,540 (if it stays within the current range)
Pessimistic Scenario: $2,450 - $2,480 (if it falls below the support level)
Some technical indicators to consider are ¹:
RSI (14): 45.75 (neutral)
EMA (20): $2,564 (sell signal)
EMA (50): $2,436 (buy signal)
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These predictions are based on current trends and technical analysis, but actual prices may vary.