According to the latest Ethereum price prediction on the long-term price target of the cryptocurrency is $2,200 (ETH/USD) for 2018. Here is why.

Ethereum is one of the most popular cryptocurrencies with its current price of $299.95 USD, and it has broken the $300 barrier for the second time in the past month.

This week’s price action for Ethereum (ETH) is a story of two parts.  First, ETH is on a strong uptrend, with no signs of slowing, and is on track to break $300 by the end of the week.  Second, we see a dip in ETH’s price as crypto markets are seeing quite a bit of volatility.. Read more about eth news today and let us know what you think.

TL;DR Summary

  • Overnight, the price of ETH increased.
  • To be tested is resistance around $2,200.
  • Early next week, the market is expected to reverse.

According to Ethereum price research, positive momentum is expected later today, with the $2,200 level being the current objective. As a result, ETH/USD is expected to rise above $2,200 in the following 24 hours, before reversing early next week.

Ethereum Price Analysis: ETH continued to rally, targets $2,200 next? 1Heat map of cryptocurrencies. Coin360 is the source of this information.

Bitcoin and Ethereum have both risen by more than 4% in the past 24 hours, putting the cryptocurrency market in the black. The remainder of the major cryptocurrencies are following suit, with Polkadot (DOT) leading the pack with a rise of more than 7.5 percent.

The price of Ethereum has risen over $2,100 in the previous 24 hours.

Over the past 24 hours, ETH/USD moved in a range of $2,000 to $2,169.76, suggesting a high level of volatility. The overall market capitalization is approximately $252.65 billion, resulting in a market domination of 18.19 percent. Trading volume has dropped by 5.67 percent to $15.5 billion.

ETH/USD 4-hour chart: Is ETH on its way to $2,200?

The Ethereum price is quickly moving towards the next barrier at $2,200 on the 4-hour chart.

Ethereum Price Analysis: ETH continues to rally, targets $2,200 next?4-hour chart of ETH/USD. TradingView is the source of this information.

Over the last month, the general Ethereum price action structure has continued to show negative momentum. After setting a lower swing high at $2,400, ETH/USD fell almost 30% and retested the prior major swing low around $1,725.

After breaking prior support turned resistance levels at $2,000 and $2,100, ETH began to quickly climb from the $1,725 low. There was further upside overnight, resulting in a total gain of approximately 25% without a significant reversal. Bulls are likely tired as a result of this price movement, and we are unlikely to see much more upside in the coming days.

Before the bears take over early next week, the $2,200 level will almost certainly be challenged. As a result, we anticipate the price to rise to $2,200 in the following 24 hours. However, if Ethereum price drops below $2,200, it will most likely begin to fall once again, attempting to record a higher swing low over $1,725 in the process.

Conclusion of the Ethereum Price Analysis 

According to Ethereum price research, bulls are aiming for the $2,200 barrier level in the next 24 hours. From there, we anticipate the price of ETH/USD to fall and establish another medium-term swing low. 

Read our tips on Bitcoin fees, DeFi, and what you can purchase with Bitcoin while you wait for Ethereum to hit $2,200.

Disclaimer: The material on this website is not intended to be trading advice, assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.

This article broadly covered the following related topics:

  • ethereum starting price
  • eth news today
  • how high could ethereum go
  • will ethereum crash 2021
  • ethereum price 2016
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