Ethereum (ETH) is currently trading at approximately $1,828, reflecting a slight decline of 0.64% over the past 24 hours. Despite this minor pullback, ETH has shown resilience amid broader market fluctuations.
In this article, we will look at ETH next target by looking at price chart and technicals.
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📊 ETH Next Target
- Current Price: $1,828
- 24h Price Change: -0.64%
- 24h Range: $1,815.72 – $1,847.56
- Market Cap: Approximately $219 billion
- 24h Trading Volume: Approximately $12.5 billion
- Circulating Supply: Approximately 120 million ETH
Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern and is now approaching our target of $1,900. If it breaks above that, it could revisit $2,100. This could be beginning of a bullish trend reversal; however, it’s early.
We need to see some Higher Highs and Higher Lows. Fundamentally, there’s a potential positive catalyst in 2025: if US regulators allow ETH Spot ETFs to stake Ethereum.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~52 (neutral)
- MACD: Bullish crossover observed
- Support Levels: $1,800, $1,750
- Resistance Levels: $1,850, $1,900
- Current Trend: Sideways with potential for upward movement
📰 Latest Ethereum News & Developments
- 🐋 Whale Activity
A dormant Ethereum whale reactivated after four years, purchasing 1,202 ETH worth approximately $2.2 million. - 📊 On-Chain Metrics:
Recent analyses indicate increasing large-holder inflows and rising transaction volumes, pointing to bullish sentiment. - 🛠️ Development Activity:
Ethereum continues to be a hub for decentralized applications, with ongoing developments in DeFi and NFT sectors. The network’s transition to Ethereum 2.0 and the implementation of sharding are progressing.
📌 Summary
Ethereum is currently in a consolidation phase, with the price stabilizing around $1,828. Technical indicators suggest a neutral to slightly bullish stance, supported by positive on-chain metrics and renewed whale activity. Investors should monitor key resistance levels and stay informed about ecosystem developments.
👉 Short-Term Forecast: Neutral to slightly bullish, contingent on breaking above $1,850
📉 Risk Factor: Moderate – due to market volatility and external factors
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