Ethereum Price Prediction: What's Next For ETH? Ethereum price today is trading above $3,150 as per Coinpedia Markets, maintaining a bullish trend with support at $3,220 on the hourly chart of ETH/USD. The current price is supported by a connecting bullish trend line near the 50% Fibonacci retracement level of the upward move from $3,070 to $3,443. Ethereum faces resistance around the $3,320 level, with the first major hurdle at $3,400 and a more significant resistance at $3,450. A break above $3,450 could trigger further upward movement, potentially reaching $3,580 and even $3,650.
However, if Ethereum fails to clear the $3,320 resistance, it may experience a downside correction. The initial support level lies at $3,250, followed by $3,150. A drop below $3,150 could push the price toward $3,070, and losses could extend to the $3,000 support level. The next significant support zone stands at $2,880.
Ethereum’s bullish momentum is also supported by increased whale activity, as seen in the 231.55% surge in ETH inflows and a 397.28% increase in outflows over the past 90 days, according to IntoTheBlock. This trend highlights significant interest from major holders positioning themselves amid the price rally.
As for Ethereum Price Prediction, if ETH price manages to break above the $3,450 resistance, a rise toward $3,900 could be in the cards. However, a failure to surpass these levels might shift sentiment, leading to a bearish outlook and potential declines to lower support levels.
Stay tuned for more ETH news and Ethereum prediction updates.