This article examines the latest price changes of Ethereum and forecasts its movements in the cryptocurrency market.
Current Price Changes of Ethereum
In the last 24 hours, the price of Ethereum (ETH) increased by 1.19%, reaching $2,567. On the hourly chart, the price of ETH may establish local resistance at $2,600.
Predictions for the Coming Days
If buyers fail to seize the initiative by the end of the day, a correction towards the support level is likely. To continue the price growth, it is necessary to surpass the level of $2,646, which could lead to a test of the $2,700-$2,750 zone by the end of the week.
Long-Term Trends of Ethereum
From a mid-term perspective, the situation is similar. Trading volumes continue to decline, indicating a lack of activity from both buyers and sellers. Therefore, sideways trading around current prices is the most likely scenario.
In summary, the current state of Ethereum is characterized by uncertainty, and further price movements will depend on buyers' actions in the market.
