#BTCBreaksATH
Ethereum price prediction:
Ethereum's current price is around $2,830.74, and it's showing a bullish trend. To determine if it will cross $3,000 today, let's look at some key indicators¹:
- *Resistance Levels*: The first major resistance level is at $2,940, which is the triangle breakout target. If Ethereum breaks through this level, it could head towards $2,960, the order block supply zone.
- *Support Levels*: The bottom support sits at $2,773, which is the VWAP/30-min support. If the price falls below this level, it might drop to $2,650, the Supertrend baseline.
- *Technical Indicators*: 12 out of 17 technical indicators signal a buy, while 4 indicate a sell. The RSI is at 75.31, indicating strong momentum but potentially overbought conditions.
Given the current price and these indicators, it's possible that Ethereum might reach $2,940-$2,960 in the short term. However, breaking through $3,000 would require sustained buying pressure and a strong market sentiment.
*Short-Term Predictions:*
- *Today*: Ethereum might trade between $2,786.78 and $2,800, with a potential target of $2,940-$2,960.
- *Next Hour*: The predicted price range is $2,790.55, with a potential start price of $2,784.80.