Ethereum price can rally to $6K only if ETH holds THIS support
Can Ethereum’s Price Break $3,500 Soon?
Ethereum faces a 6.2% weekly drop, falling below $3,500 amid a bearish market. Slight recovery signals and rising activity bring hope for positive short- and long-term price predictions.
Ethereum Price Today: Key Levels to Watch
Currently, Ethereum price today stands at $3,200, marking a 33.9% decline from its ETH all-time high of $4,878, recorded in November 2021. Despite this correction, ETH saw a modest 0.9% increase in the past 24 hours, reflecting renewed activity in the market.
A critical level to monitor is the $3,000 psychological barrier. Over the last 24 hours, trading activity has intensified around this level. Daily trading volume surged from $20 billion last Friday to over $26 billion today, indicating growing buying and selling pressure.
Read detailed Ethereum price prediction for more insights
Rising Network Activity: A Positive Signal
Recent data from CryptoQuant highlights a sharp increase in active Ethereum addresses. Increased network activity often signals renewed investor interest. This could stabilize prices or even ignite a short-term rally.
Did You Know?
76% of ETH holders are in profit.
ETH trading volume rose by 30% in one week, reflecting increased market momentum.
Also Read: Algorand Price Prediction 2025, 2026 – 2030
Profit-Taking Pressures and Exchange Outflows
While short-term signals look promising, rising exchange outflows suggest increased selling pressure. Investors are capitalizing on ETH’s price around the $3,000 level. Historically, these outflows tend to alternate between peaks and dips, signaling potential accumulation cycles ahead.
Ethereum Price Prediction 2025 and 2030: What to Expect?
Long-term Ethereum predictions remain optimistic. Analysts are targeting $7,000 in the coming years, provided key support levels like $2,800 hold firm. Future price action will likely be influenced by Ethereum 2.0 developments, institutional adoption, and macroeconomic trends.
Ethereum Price Prediction 2025: With increasing utility in DeFi and NFTs, ETH could potentially test $7,000 by 2025.
Ethereum Price Prediction 2030: As blockchain adoption grows, ETH could reach $10,000 or higher by 2030, driven by innovations and scalability solutions.
Will Ethereum Go Up?
The big question remains: Will Ethereum go up? While short-term volatility persists, ETH’s fundamentals remain strong. With most holders still in profit and trading activity on the rise, the long-term trajectory looks bullish.
Investors should monitor key levels like $3,000 and $2,800 and keep an eye on rising network activity and exchange outflows for clues about ETH’s next move.