ETH/USD May Move Back Above $3500


Ethereum Price Prediction – April 7

The Ethereum price prediction shows that ETH is hovering above the $3200 price mark, and it is currently changing hands at $3220.

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ETH/USD Market

Key Levels:

Resistance levels: $3800, $4000, $4200

Support levels: $2600, $2400, $2200

Ethereum Price Prediction
ETHUSD – Daily Chart

ETH/USD touches the resistance level of the $3269 mark as the second-largest crypto faces the upside where this can only be confirmed if the market price reclaims the resistance level of $3500. However, the Ethereum price is heading towards the 9-day moving average with 1.65% gains. Meanwhile, ETH/USD may again drop to the downside if the bulls fail to push it above the moving averages.

Ethereum Price Prediction: Ethereum (ETH) May Head to the North

According to the daily chart, the Ethereum price has not been able to display a bullish momentum, but the good thing is that the coin is not decreasing drastically. However, the Ethereum price needs to stay above $3500 consistently for the next few days to regain the proper bullish momentum as the technical indicator Relative Strength Index (14) moves above the 50-level. At the time of writing, the Ethereum price only needs to conquer a few crucial resistance levels above the 9-day and 21-day moving averages to stay comfortably at the top.

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Now, if the coin closely manages these levels well, then it may cross above the upper boundary of the channel to reach the potential resistance levels at $3800, $4000, and $4200 respectively. On the downside, if the bears wish to maintain their drive, ETH/USD may likely slide and face the lower boundary of the channel, any further bearish movement could drag it to the critical supports at $2600, $2400, and $2200 respectively.

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Against Bitcoin, the Ethereum price is currently hovering below the 9-day moving average at 7396 SAT as the technical indicator Relative Strength Index (14) moves above the 60-level.

ETHBTC – Daily Chart

However, the daily chart reveals that buyers are likely to have the day as the coin could locate the resistance level at 8000 SAT and above. Conversely, a lower sustainable move towards the lower boundary of the channel may cancel the bullish pattern and attract new sellers to hit the support at 6800 SAT and below.

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