Ethereum Price Forecast: ETH set for 30% rally Ethereum Price Today Holds Above $3,440
Ethereum price today remains stable around the $3,440 mark as per Coinpedia Markets, showing resilience as it attempts to maintain its bullish momentum. Supported by the EMA50, Ethereum aims to continue its upward trend, with the next target set at $3,565. However, a drop below $3,440 could pressure Ether price further, pushing it toward the bullish channel’s support line at $3,240 before any recovery.
Read our details Ethereum price prediction 2030 and insights on Ethereum's next moves, check out our full analysis.
ETH Targets a 30% Rally
Recent ETH news highlights a 4% surge following $62.88 million in ETH futures liquidations. Breaking above the $3,400 neckline resistance of a Head-and-Shoulders pattern signals bullish strength. Analysts suggest ETH could achieve a 30% rally, reaching its yearly high of $4,093 and further soaring to $4,522 if it surpasses the critical $3,732 resistance.
Momentum Indicators Signal Bullish Pressure
Key momentum indicators like the RSI and Awesome Oscillator suggest rising bullish momentum. However, Ethereum’s bullish thesis would be invalidated if the price falls below $3,000, with potential support at $2,817.
Ethereum Whales Show Renewed Interest
The number of Ethereum whales holding at least 1,000 ETH has rebounded to 5,557, reflecting growing market optimism. Whale activity often influences ETH coin trends, boosting price stability or upward movement.
Ethereum Price Prediction 2024 & Beyond
With strong bullish signals and growing whale confidence, Ethereum’s long-term outlook remains positive. Analysts forecast continued growth, making Ethereum price prediction for 2024 and 2025 optimistic.