Ethereum Price Prediction - As ETH Holds Strong, $1,900 is Within Reach

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Ethereum (ETH) was down almost 1% during the past 24 hours as of 11:00 EST after rising about 8% in the past month. With ETH trading at $1,883, $1,900 is now within reach.

Ethereums’ Past and Present Price Actions

To better understand ETH’s performance in the crypto market, consider its past and present price actions and the price predictions from technical analysts. In the past year, ETH gained 76%. Its trading volume in the last 24 hours is up by 17.66%, at $6 billion.

ETH is Facing Market Price Stability

In the chart above, the asset’s market price is likely to be stable today in the bullish trend. ETH trades above the 50-Day and 200-Day Simple Moving Average (SMA). This shows that the coin is in a bullish trend.

The asset’s Moving Average Convergence Divergence (MACD) indicator is below the signal line and has small red faded histogram bars. This depicts that ETH has been bearish, but the bears are losing momentum.

In the chart above, a green candle stick forms after some small red candles, indicating increased buying pressure. Again, ETH’s Relative Strength Index (RSI) is at 51.05, moving in the neutral region. This support the signal from the MACD and the green candle.

Ethereum’s Support and Resistance Levels

Considering the market situation in the chart, ETH’s market is stable in the past 2 days and in the control of the bears. If the bulls could increase buying pressure today and take the price to $1911.5 resistance level in the future.

This might create positive sentiment in the market causing more units of ETH to be bought and possibly make the asset reach $1957 resistance.

Nevertheless, if the bears later in the day reclaim the bearish trend, fear could set in, and the coin might drop in value reaching $1825.4 support. If the bears continue with the bearing momentum, the asset’s market value could drop further and hit the $1718.0 support.

Factors That Could Influence Ethereum

Data obtained from CCData revealed that Ethereum is ranked No. 1 among 40 cryptocurrencies in the recent Environmental, Social, and crypto governance (ESG) ranking.

CCData is a reputable firm that conducts digital asset research to capture the significant development in the ecosystem of a digital asset. This may stimulate investors to increase their investment portfolio for ETH and make ETH gain in price.

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DeeLance Might Be the New Gem

DeeLance project aims to bring substantial transformation in the freelancing and recruiting space using blockchain technology.

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DeeLance Features

These features include Metaverse, Freelancing, Job Hiring Platform, and NFT Marketplace.

Metaverse

The Metaverse is the virtual world within the project’s space that allows freelancers to create virtual offices and interact with potential service buyers.

NFT Marketplace

DeeLance’s NFT Marketplace is the space provided specifically for showcasing and trading NFTs.

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Freelancing and Job Hiring

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$DLANCE Presale

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How to Purchase DeeLance

First, make sure you have any of the dApps crypto wallets (like MetaMask or Trust Wallet recommended)
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