ETH Price Poised to Reclaim $3,200, Analysts weigh in
ETH price is heading toward $10,000 next
Ethereum has been under pressure since February 1, when it faced rejection at a descending trendline. The price dropped by 13.87%, slipping below the crucial $3,000 level. Currently, Ethereum price today stands at around $2,690 after a minor 1.3% recovery last week.
Key Indicators Suggest Possible Recovery
RSI (Relative Strength Index): Currently at 41, it bounced from 30 last week. A move above 50 would confirm bullish momentum.
MACD (Moving Average Convergence Divergence): A bullish crossover last week signals a possible trend reversal.
WXY Correction Pattern: Analysts suggest Ethereum has completed this complex corrective structure, indicating the end of its downturn.
💡 Quick Insight: Historically, WXY correction patterns have led to strong rallies, with past ETH cycles showing massive price gains afterward.
Read ETH Price Prediction 2030 for detailed insights
Ethereum Price Prediction for 2025 & Beyond
Ethereum All-Time High Potential: If ETH breaks above $4,600, it could enter a major bull phase.
Analyst Projections: Predictions suggest ETH could hit $10,000 to $13,000 by 2030.
Past Performance: Similar setups in past market cycles led to Ethereum surging over 2,550% in its last major rally.
🔹 If history repeats itself, ETH could be heading toward a significant price increase in the coming years.
Also Read: SFM Price Prediction 2025 - 2030
Critical Support & Resistance Levels
Key Support Zone: $2,124 and $2,359 are crucial levels to watch.
Resistance Level: ETH must reclaim $3,000 and break $4,600 for a sustained rally.
Fibonacci Support (61.8% Retracement): This historically strong support level suggests a possible price bounce.
💡 Fact: Analyst Ted Pillows sees $4,000 as the next major resistance zone ETH must surpass.
Ethereum Price Prediction for February
TraderXO believes Ethereum might stay range-bound between $2,124 and $2,850 for the coming months unless a breakout occurs. However, if ETH holds above these levels, a bullish rally could begin.