Ethereum Price Prediction: 2024, 2025, 2030

ETH Price Prediction: Highlights

1. Primary Support and Resistance Levels

• According to the weekly chart analysis, the lowest support for ETH was established at $1,615.
• On the other hand, the highest resistance level can probably be sustained $4,600.

2. Market Sentiment

• The market bullish the position appears to weaken in May 2024.

3. Predictive Forecasts

• Our AI/ML predictive models predict that the average price of ETH will reach approximately $100,000 in 2028 and fly over 1 million dollars in 2031.

Get detailed information about ETH via comprehensive monthly technical analysis, followed by next days of the month, upcoming months and annual forecast charts derived from our AI/ML-based predictive models:

Technical analysis of ETH: the market turns its back on the coin

For ETH, bulls seems to be the dominant force for the most part. However, the market slowdown prompts a closer look at the Ethereum price forecast in 2024.

The analysis period began with the part testing the $2,007 brand. This attempt was rejected. Yet the bulls launched another rally that saw a similar setback in July. A series of declines led the price to fall back to its lowest level at $1,615 in mid-August.

After brief falls below this level, the bulls began a stronger rally in mid-October, reversing $2,007 in support in November. Throughout the month, buyers worked to defend this support while accumulating strength to approach the resistance of the $2,506. A test of this level in January triggered a slight withdrawal Mid-month.

However, the decline quickly stopped and the price exceeded this threshold in mid-February. With increasing buying pressure, the price even managed to cross the $3,134 level at the end of the month. Following this, ETH marked a new resistance peak at $4,003.

A test of this level precipitated a patch drop. The decline was amplified when the cryptocurrency market experienced a significant slowdown in April. This brought the price down to $3,134.

However, this was not the end of bullish concerns, as the start of May saw the price drop below $3,134 and even the criticism $3,000 brand. As the analysis concluded, the altcoin was valued at $2,903. Now, if the bulls fail to defend the current support at $2,884ETH can fall until $2,506 mark, erasing most of the 2024 gains.

Meanwhile, things looked bleak for Ethereum on the network front. AMBCrypto Underlines that since April 19, the total supply of Ethereum has increased to approximately 120.1 million due to reduced fees burning following the Dencun upgrade. This change reflects a move away from the Ethereum system. deflationary orient yourself. Additionally, transaction fees have reached an annual low of around $0.5 per transaction.

Recent reports indicated that the odds were against the approval of an Ethereum spot exchange traded fund (ETF) in the United States If the applications were rejected, it would trigger a massive market downturn.

AMBCrypto note that analysts predict a drop in prices for Ether in the coming months, attributing this to negative market sentiment and selling pressure which could decrease the value of ETH in terms of Bitcoin (BTC).

Nonetheless, in the event that the ETH ETF is approved, it could act as a catalyst for future growth, propelling the coin’s price beyond its current all-time high resistance level. Such an increase could push the price up to $4,500 in the short or medium term.

ETH can also follow in BTC step and reach record level (ATH) this year, with prospects of hitting the $5,000 brand. However, as the price trajectory evolves, it may encounter significant resistance at $4,600.

Our models predict that ETH will trade at an average price of $100,000 in the next four years. The next major milestone for the coin would be reaching a valuation of $1 million, which is expected to happen in 2031. Models predict that the coin could average over $1 million. 1 million dollars.

ETH Roadmap 2024: Key Indicators to Watch and Trade

• THE trading volume begin high but started to fall as the price fell. A recovery was observed during the bullish phase in mid-October.
• Between mid-February and mid-March, volume reached new highs, but faltered in the face of the subsequent decline. This indicated that investors were pulling back or potentially waiting for clearer signs before committing further.
• THE Volume on sale (OBV) went down until October. Subsequently, he accelerated the pace and maintained a bullish trend until March. However, its trajectory reversed, reaching the value of 126.6 million at the time of writing.
• This value was lower than its March peak of 145.714 million. This indicates a decline in buying pressure.
• THE Moving Average Convergence Divergence (MACD) crossed below the signal line in June, followed by a drop below base line in September. The signal line followed suit in October, indicating a negative result change of momentum.
• Towards the end of October, the MACD The line rose above the signal line. Momentum continued to improve in November as the MACD and signal lines moved above the zero line, with the trend mostly Ascending After.
• In late March, the MACD line began to decline, eventually falling below the signal line in late April, which also began to descend. Since the last update, the MACD line has been recorded at 242.54the signal line to 322.82and the histogram at -80.28. This suggests an increase in down pressure on prices.

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