Eth is still trading below $2000 level and the coin can be bought for a quick target of $2000 for a small scalp trade.
In this article, we will look at ETH next target by looking at price chart and technicals.
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Ethereum Next Target
Price: $1,895.20
24-Hour Price Change: +$25.99 (+1.39%)
Intraday High: $1,910.64
Intraday Low: $1,825.98
Price is in a Downtrend, trading in a Channel Down pattern, which typically resolves in a bullish breakout. We wait for such breakout, which could signal at least a temporary trend reversal.
Technical Indicators
50-Day Simple Moving Average (SMA): $1,850.00
200-Day Simple Moving Average (SMA): $1,800.00
14-Day Relative Strength Index (RSI): 55.00
Moving Average Convergence Divergence (MACD): +15.00
Average Directional Index (ADX): 25.00
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum is Bearish but inflecting, which suggests that momentum could be nearing an upswing.
Support and Resistance: Nearest Support Zone is $1,500.00. Nearest Resistance Zone is $2,150.00, then $2,400.00.
Recent News
Ethereum Price Rebound: Ethereum’s price rose 3.6% on March 8, reclaiming the $2,220 mark.
Analyst Predicts Significant Surge: A notable crypto analyst predicts that Ethereum could reach $15,937 by May 2025. This projection is based on Ethereum’s consolidation within a three-year ascending triangle pattern, reminiscent of its 2016-2017 bull run.
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