- Ethereum price analysis predicts the prices to go up.
- The strongest resistance rests at $4,914.
- The strongest support rests at $4,100.
ETH/USD analysis shows that the prices were a an all-time high on 20 November 2021 with a slight decline, before experiencing a flash crash on 21 November 2021, before going into a steady flow and is currently increasing.
Ethereum price analysis 4-hour: market volatility decreasing
After the Ethereum price analysis 4-hour price chart, we have deduced that the graph follows a decline in volatility, meaning that the market is not prone to prices experiencing variable differences and thus remains as constant as it can. The upper limit of the Bollinger’s band, stands at $4,454 being the resistance, and the lower limit of the Bollinger’s band rests at $4,100, being the support.
The ETH/USD price crosses over the curve and shows an inclined line of the moving average which signifies a bullish movement in the chart. The Relative Strength Index (RSI) is at 44. It indicates that the assets of the cryptocurrency are staying in the middle ground. They are not being oversold, but neither are they being undervalued. The bulls and bears both have the exact grip on the market. However, the bulls might pull something and get the price up somehow, according to the analysis of the charts.
ETH/USD analysis 1-day: market volatility increasing
Ethereum price analysis 1-day price chart we conclude that with the volatility increasing, although not very clearly, the prices will soon be prone to change, maybe even drastically, they might escalate or plunge drastically. The upper limit of the Bollinger’s bandstands at $4,914 is the resistance and the lower limit rests at $4,072 is the support of the assets.
The moving average of the chart is passing over the curve showing a bullish movement. The Relative Strength Index (RSI) stands at 46, so we deduce that the assets are clearly in the middle showing no signal for change. the bulls and bears once again have an almost equal grip on the market. The currency is not oversold either is undervalued, although seeing as the volatility is increasing that may change soon and the prices might go in either direction.
Ethereum price analysis: conclusion
After careful Ethereum price analysis, the conclusion is that the runner-up in the crypto race is actually doing pretty good and the prices might even skyrocket but you can never know for sure in this market. The charts indicate that the runner-ups might jump in the $5,000 threshold if the steady resistance is in their favor. Although that might not be the case if the bears pull smth and bring the costs down. The bulls will then have to come up with schemes to claim the market grip.
If you analyze the overall chart the price has been in a surplus for some time now, so overall the bulls are clearly dominating the market by leagues. The bears will have to up their game if they want to claim the runner-up throne.
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