$ETH Or Ethereum has the current Price of $2,345.06, as of the time of this write-up, with a 0.76% increase in the past 24 hours. its market Capitalization stands at $247.89 billion, with a 24 hour trading volume of $13.79 billion.
Technical analysis.
Short-term Outlook: Ethereum's technical indicators suggest a neutral to bullish trend. Oscillators and moving averages show a mix of neutral and buy signals.
Long-term Outlook: Despite the recent bounce, Ethereum's long-term Outlook remains bearish. The Relative Strength Index (RSI) is below 50, and the moving averages convergence Divergence (MACD) hasn't made a bullish cross yet.
Future Price Predictions.
(1) Short Term Targets: Ethereum's price is expected to extend its bullish trend toward $2,100 resistance region, potentially reaching $2,500.
Long-term Projections: Analysts predict a potential drop to $786, while others foresee a rally to $10,000 or even $11,000.
Let's watch out and see what happens then!