Can ETH Regain $2000 level in Short-term

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Eth is still trading below $2000 level and the coin can be bought for a quick target of $2000 for a small scalp trade.

In this article, we will look at ETH next target by looking at price chart and technicals.

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Ethereum Next Target

  • Price: $1,895.20
  • 24-Hour Price Change: +$25.99 (+1.39%)
  • Intraday High: $1,910.64
  • Intraday Low: $1,825.98
Ethereum Next Target

Price is in a Downtrend, trading in a Channel Down pattern, which typically resolves in a bullish breakout. We wait for such breakout, which could signal at least a temporary trend reversal.

Technical Indicators

  • 50-Day Simple Moving Average (SMA): $1,850.00
  • 200-Day Simple Moving Average (SMA): $1,800.00
  • 14-Day Relative Strength Index (RSI): 55.00
  • Moving Average Convergence Divergence (MACD): +15.00
  • Average Directional Index (ADX): 25.00
  • Trend:ย Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
  • Momentumย is Bearish but inflecting, which suggests that momentum could be nearing an upswing.
  • Support and Resistance:ย Nearest Support Zone is $1,500.00.ย Nearest Resistance Zone is $2,150.00, then $2,400.00.

Recent News

  • Ethereum Price Rebound: Ethereum’s price rose 3.6% on March 8, reclaiming the $2,220 mark.
  • Analyst Predicts Significant Surge: A notable crypto analyst predicts that Ethereum could reach $15,937 by May 2025. This projection is based on Ethereum’s consolidation within a three-year ascending triangle pattern, reminiscent of its 2016-2017 bull run.

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

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Harsh Panghal
Harsh Panghal

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