Ethereum (ETH) has seen notable price movements recently, with a strong short-term recovery despite a longer-term decline. Over the past week, ETH rose by 3.38%, and in the last month, it surged an impressive 44.69%. However, looking at the bigger picture, ETH has declined by 22.38% over the past six months. This mix of data is important for any realistic Ethereum price prediction, showing that while momentum is building, the overall trend remains cautious.
Current Price Levels and Key Zones
Ethereum is currently trading between $2,357 and $2,739. The closest resistance level is at $2,926. If ETH breaks above this level, the next target could be around $3,307. On the downside, the first support is at $2,162.77. If the price falls below that, the next major support level to watch is $1,781.03.
What Technical Indicators Suggest
The 10-day and 100-day simple moving averages are very close, at $2,564.67 and $2,576.04, indicating steady momentum.
The Relative Strength Index (RSI) is at 67.33, suggesting that ETH is approaching overbought territory.
The Stochastic indicator is high at 90.73, often signaling a potential short-term price peak.
The MACD value of 14.6341 reflects ongoing upward momentum.
What On-Chain Data Shows
One important metric, the Average Order Size of Executed Trades, has recently increased. This rise often points to greater activity by large investors or “whales.” Historically, such activity has been linked to price peaks, as whales tend to sell or hedge at higher levels. Right now, this increased order size is concentrated between $2,500 and $2,800, a key resistance band.
What This Means for Traders
While Ethereum shows strong short-term gains, the combination of resistance levels, overbought signals, and heightened whale activity suggests caution. Unless there is a strong breakout above $2,926, a period of consolidation or even a pullback toward lower support levels is possible. Traders with some crypto experience should watch price action closely and wait for clearer signals before making big moves.
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