The Ethereum price prediction market Vitalik Buterin launched in July 2017 has seen a steady rise ever since. The Ethereum price prediction market – or prediction market, for those who don’t know – is a place where you can bet on the price of an asset in the future. Users with a deep understanding of the market are able to make the most of it, and have been taking advantage of it since its launch. The prediction market is profitable because it allows the users to hedge their bets by hedging their bets to the future price of Ethereum.
It’s been a rough start for the Ethereum price, with it now testing the $200 mark for the first time in months, but is it headed for $2,000? The latest Ethereum price prediction from monero-rings, which is described as “Ethereum price prediction: Ethereum peaks around $2,700, break higher overnight?”, looks to either side of this level for the next two to three months, before a potential near term breakout.
Ever since Ethereum’s price went parabolic in early January, enthusiasts have been waiting for a break above the $1,000 mark to confirm that the market was oversold. Unfortunately, the recent correction down to $600 hasn’t done much for sentiment.. Read more about ethereum price prediction end of 2021 and let us know what you think.Summary of the situation
- ETH is up overnight.
- Resistance lies at $2,700.
- New upward pressure is expected tonight.
Today’s price outlook for Ethereum is bullish, as the market has continued to rise over the past few days and will continue to rise over the next 24 hours, with the next target at the $3,000 level. Crypto-currency heat map. Source: Coin360 Overall, the market has seen mixed results over the past 24 hours. Bitcoin and Ethereum fell slightly, while Cardano (ADA) was among the best performers, up 6.5%. ETH/USD opened at $2,707 after yesterday’s bullish close. Currently, there is a slight pullback in the last few hours, which should lead to another attempt at an upward move in the next 24 hours. Therefore, we expect ETH/USD to rise overnight and try to break through the $3,000 level later this week.
Ethereum price movement in the last 24 hours
The ETH/USD pair was trading in the range of $2,531 – $2,739, indicating moderate volatility. Trading volume fell 8.82% in 24 hours, bringing trading volume to $27 billion. The company has a total market value of approximately $300 billion, representing a market dominance of 18.53%.
Chart 4 hours ETH/USD – ETH continues to rise
On the 4-hour chart, we can see that the ETH/USD has reached the $2,700 level in the past 24 hours, suggesting that we will see a move towards $3,000 in the next 24 hours. 4 hour chart ETH/USD. Source: TradingView The market as a whole has continued to rise in recent days after finding support at the $2,200 level. From there, ETH/USD hit $2700 yesterday and is currently pulling back slightly in preparation for its next upward push. The next target is $3,000, the breakout of which would signal a change in overall market dynamics. However, as long as the $3,000 resistance level is not broken, we can expect the price of ETH/USD to move sideways in the coming days. If the $3,000 mark is broken, Ethereum should see further gains in the coming week. The immediate target is $3,200, which would mean a 25% return if the current market price is reached.
Ethereum Price Forecast: Supplement
Price expectations for Ethereum are bullish as the market continues to gain ground, hitting resistance at $2,700 in the past 24 hours. Therefore, we expect ETH/USD to rise in the next 24 hours and eventually break through the $3,000 level. In anticipation of Ethereum’s price rise, read our latest guides on how to buy Cardano, mine Zcash and invest in Bitcoin. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.Ethereum is a new decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Smart contracts are basically blockchain applications which are decentralized protocols that have been designed to run an application code. They can be thought of as a computer program distributed across thousands of nodes, where each node is a computer running the code.. Read more about eth 2.0 price prediction and let us know what you think.
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