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Ethereum Price Prediction for Today, May 30: ETH May Cross Above $2000 Resistance

Ethereum Price Prediction
Ethereum Price Prediction

The Ethereum price prediction shows that ETH is likely to cross above the moving averages as the coin may touch the $2000 resistance.

Ethereum Prediction Statistics Data:

  • Ethereum price now – $1,916
  • Ethereum market cap – $231.6 billion
  • Ethereum circulating supply – 120.9 million
  • Ethereum total supply – 120.9 billion
  • Ethereum Coinmarketcap ranking – #2

ETH/USD Market

Key Levels:

Resistance levels: $2500, $2700, $2900

Support levels: $1300, $1100, $900

ETH/USD is moving to refresh to the upside as the coin currently trades at $1908 with a bullish crossover and could probably cross above the 9-day and 21-day moving averages. Today, the Ethereum price is likely to head to the upside as the higher resistance may come at the $2000 resistance level.

Ethereum Price Prediction: Ethereum Price Ready for a Cross to the Upside

The Ethereum price is likely to increase the bullish movement if the price moves toward the upper boundary of the channel. Currently, the technical indicator Relative Strength Index (14) is moving cross above 40-level at the moment and may likely send bullish signals to encourage more buyers to enter the market.

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However, if the 9-day MA crosses above the 21-day MA, it is likely for the coin to face the north, and the price could hit the nearest resistance levels at $3200, $3400, and $3600 respectively. On the contrary, if the technical indicator Relative Strength Index (14) drops below the 40-level, there may be a little retreat to the south which could bring the market to the support levels of $2500, $2700, and $2900.

Comparing it with Bitcoin, Ethereum (ETH) stays below the 9-day and 21-day moving averages as the price faces the upside. However, the fact that the market remains below the moving averages, the crypto is likely to form a bullish movement as the technical indicator Relative Strength Index (14) recovers from the oversold region.

ETHBTC – Daily Chart

However, if the buyers push the market price towards the upper boundary of the channel, the Ethereum price may touch the resistance level of 6800 SAT and above. Meanwhile, any strong selling pressure may bring the price below the lower boundary of the channel, and this could attract new sellers coming into the market with the next focus on the support level of 5500 SAT and below.

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