Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Goldlife on March 30, 2021, 01:03:54 PM
-
With everyone’s attention shifting from DeFi to Bitcoin’s (BTC) jaw-dropping 55,4% trip to the upside, which landed it in a close proximity to the all-time high, Ethereum (ETH) has been forced to take a backseat for a while and be more moderate in terms of gains. The current price of Ethereum sits at $473 after the 27% appreciation in the past 30 days, having gone from $379 in the middle of October to its present standings.
Given that the doubts about the bullishness of the current cryptocurrency market are melting by the day, our proprietary Ethereum price prediction model dictates that in 30 days, the ETH value in USD will increase by 19.45%, hence hitting the overhead resistance zone between $573 and $600, the target that converges with the 38.2% Fibonacci retracement level.
The altcoin’s prospects on the Ethereum historical chart look bullish since the current monthly candle is about to close significantly higher than the previous three candles, and probably higher than the upper wick of the September candle, which is going to constitute a very strong ETH buy signal and confirm the buyers’ intention to drive the Ethereum price to the designated target.
Add to that the fact that the buying volume has been picking up since the 20% dump in September, and we get a nice bullish setup for the continuation of the uptrend into 2021. Therefore, if you still doubt whether Ethereum is a good investment, just take a look at the price chart and realize that it might be the last opportunity to buy ETH at such prices.
More info: https://www.crypto-rating.com/forecasts/ethereum-price-prediction-2025-2030/