Ethereum (ETH), the leading smart contract platform supporting DeFi and NFTs, is highlighted today.
We dive into ETH price prediction, with analysis from our Discord environment. Here we initially share the latest analyzes and market insights with over 1,500 members.
Technical analysis of Ethereum (ETH) price
Earlier this year, Ethereum appeared to be moving quickly toward $5,000, but then fell sharply and recently briefly dipped below $3,000. Nevertheless, the $5,000 target remains in sight, analysts recently explained in the Discord group:
“ETH has landed exactly where we expected, in the blue zone between the 50% and 61.8% Fibonacci levels, or a range between $2,900 and $3,130. This is where Ethereum may have bottomed out and gathered the necessary liquidity.
We don’t expect any major price surprises in the short term and remain positive in the long term. Once the price starts to rise again, we will refocus on targets around $5,000.
This shows us that ETH is maintaining its strength despite the recent decline and we remain optimistic about its future price development.”
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.