Disclaimer: This isn’t funding recommendation. The knowledge offered is for common functions solely. No data, supplies, providers and different content material offered on this web page represent a solicitation, advice, endorsement, or any monetary, funding, or different recommendation. Search unbiased skilled session within the type of authorized, monetary, and monetary recommendation earlier than making any funding determination.
- Ethereum is down -5.56% as we speak in opposition to the US Greenback
- ETH/BTC decreased by -2.76% as we speak
- Ethereum is at present buying and selling 14.98% under our prediction on Feb 07, 2025
- Ethereum dropped -13.20% within the final month and is up 32.75% since 1 12 months in the past
ETH value is predicted to rise by 16.63% within the subsequent 5 days in keeping with our Ethereum value prediction
is buying and selling at $ 3,074.31 after shedding -5.56% within the final 24 hours. The coin underperformed the cryptocurrency market, as the entire crypto market cap decreased by -5.47% in the identical time interval. ETH carried out poorly in opposition to BTC as we speak and recorded a -2.76% loss in opposition to the world’s largest cryptocurrency.
In line with our Ethereum value prediction, ETH is predicted to achieve a value of $ 3,616.11 by Feb 07, 2025. This could signify a 16.63% value improve for ETH within the subsequent 5 days.
ETH Value Prediction Chart
Purchase/Promote Ethereum
What has been occurring with Ethereum within the final 30 days
Ethereum has been displaying a unfavorable development not too long ago, because the coin misplaced -13.20% within the final 30-days. The medium-term development for Ethereum has been bullish, with ETH rising by 25.73% within the final 3 months. The long-term image for Ethereum has been optimistic, as ETH is at present displaying a 32.75% 1-year value change. On this present day final 12 months, ETH was buying and selling at $ 2,315.91.
Ethereum reached its all-time excessive value on Nov 10, 2021, when the worth of ETH peaked at $ 4,867.17. The present ETH cycle excessive is $ 4,094.18, whereas the cycle low is at $ 897.01. ETH has been displaying low volatility not too long ago – the 1-month volatility of the coin is at 4.22. Ethereum recorded 16 inexperienced days within the final 30 days.
Ethereum technical evaluation for as we speak – Feb 02, 2025
The sentiment within the Ethereum markets is at present Bearish, and the Concern & Greed index is studying Greed. An important help ranges to observe are $ 3,041.70, $ 2,964.57 and $ 2,821.20, whereas $ 3,262.20, $ 3,405.57 and $ 3,482.70 are the important thing resistance ranges.
Bearish sentiment for Ethereum
9 indicators are at present signaling a bullish prediction for Ethereum, whereas 19 indicators are exhibiting a bearish forecast. With 68% of indicators favoring a unfavorable prediction. This ends in an general Bearish sentiment for Ethereum.
Crypto market is at present experiencing Greed
At the moment, the Concern & Greed index is at 60 (Greed), which alerts that traders have a optimistic outlook available on the market. The Concern & Greed index is a measure of sentiment amongst cryptocurrency traders. A “Greed” studying means that traders are at present optimistic in regards to the cryptocurrency market, however can be a sign that the market is overvalued. A “Concern” studying, however, alerts that traders are at present hesitant in regards to the cryptocurrency market, which doubtlessly represents a shopping for alternative.
Ethereum transferring averages & oscillators
Let’s check out what a number of the most essential technical indicators are signaling. We’ll be going by key transferring averages and oscillators that can enable us to get a greater concept of how Ethereum is positioned out there proper now.
The Relative Energy Index (RSI 14) is a broadly used indicator that helps inform traders whether or not an asset is at present overbought or oversold. The RSI 14 for Ethereum is at 42.46, suggesting that ETH is at present impartial.
The 50-day Easy Transferring Common (SMA 50) takes under consideration the closing value of Ethereum over the past 50 days. At the moment, Ethereum is buying and selling above the SMA 50 trendline, which is a bullish sign.
In the meantime, the 200-day Easy Transferring Common (SMA 200) is a long-term trendline that’s calculated by taking a mean of the ETH closing value for the final 200 days. ETH is now buying and selling above the SMA 200, signaling that the market is at present bullish.
The underside line about this Ethereum prediction
After contemplating the above elements, we will conclude that the present forecast for Ethereum value prediction is Bearish. ETH must improve by 16.63% to hit our $ 3,616.11 goal inside the subsequent 5 days. Transferring ahead, will probably be essential to watch the ETH market sentiment, the important thing help and resistance ranges, and different metrics. Nevertheless, now we have to take into account that the cryptocurrency markets are unpredictable, and even the most important crypto belongings show a variety of value volatility. For long-term Ethereum value predictions click on right here.
Disclaimer: This isn’t funding recommendation. The knowledge offered is for common functions solely. No data, supplies, providers and different content material offered on this web page represent a solicitation, advice, endorsement, or any monetary, funding, or different recommendation. Search unbiased skilled session within the type of authorized, monetary, and monetary recommendation earlier than making any funding determination.
