BlockchainETH back towards $1400,BULLISH ON ETH Strong enough to...

ETH back towards $1400,BULLISH ON ETH Strong enough to reach 3000$

  • Ethereum price prediction expects a rise towards $1400.
  • Strong resistance lies at the $1300 mark.
  • Strong support lies at the $1200 mark.

The queen of cryptocurrencies was on a roll as it broke the norm and picked bullish momentum despite the king being majorly bearish. However, the queen could not sustain the bullish momentum and is back to following the king. In the daily price charts, Ethereum is following the movements of Bitcoin closely. The 24-hour high for Ethereum was $1,389, while the 24-hour low was $1,196. At the time of writing, Ethereum is trading hands $1,251 apiece.

Ethereum price prediction: What to expect?

Analyst trading Axis has identified a harmonic bat pattern in their Ethereum price prediction. The reversal and continuation formation are indicative of bullish biases. The analyst has also pointed out a harmonic ABCD formation, which also points towards future bullish momentum.

ETH back towards $1400 | BULLISH ON ETH

As Per the analyst, once the bat formation is completed, Ethereum can break out towards the price level of $1,300. Towards the end of both the bat and the ABCD formation, the analyst expects Ethereum to encounter a strong support structure. The support structure ranges from $1,147 to $1,181. The analyst believes this can be a good opportunity to buy Ethereum as technical indicators signal a bullish market sentiment in the coming days.

Analyst Project Syndicate is pessimistic about the future outlook of the cryptocurrency in their Ethereum price prediction. Bearish pressures have overtaken Ethereum after it skirted close to the possibility of establishing a new all-time high. The analyst strongly believes that Ethereum is under major corrections – at least in the short term.

Suggesting a short position to traders in his Ethereum price prediction, the analyst warns of huge losses in the market that are to come. Per the analyst, the cryptocurrency re-tested its all-time high, and after failing, it is now dumping. The analyst expects a target price of nearly $1,000 from the cryptocurrency as it retests the support level at $1,000.

Follow me on Instagram or Twitter for more updates like this

Official Chart here

Latest news

Driving Action for Global Climate Change: Over 1000 global industry leaders to convene in Dubai at upcoming Future Sustainability Forum hosted by DIFC

2-day inaugural Future Sustainability Forum set to attract 1000+ industry leaders, 50+ speakers, representing 30+ countries, 4-5 October 2023. The...

PintSwap: Telegram Bots Unveiled, The Days of Taxes and Slippage Are Over! 

Road Town, BRITISH VIRGIN ISLANDS, Oct 2, 2023, ZEX PR WIRE,In the ever-evolving and relentless world of crypto, where...

Forex Expo Dubai 2023 Announces Top Sponsors and Outstanding Speaker Lineup

Dubai, UAE,  25 Sep 2023, FOREX PR WIRE, The newest edition of Forex Expo Dubai 2023 is back, set...

Crypto Expo Dubai 2023 Wraps Up with Resounding Success – A Glimpse into the Future of Cryptocurrency and Blockchain Innovation

Dubai, UAE, Sep 23, 2023, ZEX PR WIRE, Crypto Expo Dubai 2023, the most anticipated cryptocurrency and blockchain event...

Fintech Surge 2023 announces Forus as Gold Sponsor

Pioneering fintech company aims to elevate innovation in Dubai’s financial landscape Dubai, UAE, 23 Sep 2023, ZEX PR WIRE, Fintech...

Dubai to Witness the World’s Largest Web3 Conference: ABC Conclave to Unite Global Web3 Pioneers in Dubai World Trade Centre

Dubai, UAE, 17th September 2023, ZEX PR WIRE, ABC Conclave, is set to gather blockchain enthusiasts, industry leaders, and...

Must read

USD 19,500, the new key price of bitcoin to start an upward movement

Key facts: In the past, $19,500 has been a resistance...

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced...

You might also like
Recommended to you