Ethereum Price Prediction: Can ETH Break $3,500 Soon?
How soon will Ethereum hit $4,000?
Ethereum’s price has been volatile, keeping traders and investors on their toes. After retesting its 200-day Exponential Moving Average (EMA) at $3,120, Ethereum rebounded, closing at $3,257 by Friday. But the big question remains: Will Ethereum go up, or is a pullback imminent?
Key Price Levels to Watch
200-Day EMA Support: $3,120 – A critical support level that, if held, could push Ethereum towards $3,730.
Immediate Resistance: $3,400 – Breaking this level could pave the way to the $3,500-$3,600 range.
Psychological Support: $3,000 – A drop below $3,120 could lead to a retest of this key level.
Ethereum’s price today reflects a slight decline after a 7.2% rally earlier this week, highlighting the ongoing tug-of-war between bulls and bears.
Read detailed Ethereum Price Prediction 2050 for more insights
Technical Indicators Signal Mixed Trends
RSI at 48: The Relative Strength Index remains below the neutral 50 level but points upwards, indicating weakening bearish momentum.
MACD Crossover: The Moving Average Convergence Divergence (MACD) indicator is nearing a bullish crossover. If confirmed, this would suggest a potential uptrend and provide a buy signal.
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Network Insights: Growing Activity Fuels Optimism
Ethereum’s network activity has remained robust, with over 400,000 active addresses daily, according to on-chain data. Historically, rising active addresses often correlate with price rallies, as seen during the recent surge to $3,380. However, a decline in active addresses may signal reduced demand, potentially putting downward pressure on the ETH price.
Recent Whale Activity and Market Sentiment
Between March 2024 and now, a significant whale deposited 146,639 ETH to Kraken at an average price of $3,170. This indicates strategic profit-taking at higher levels, reflecting cautious optimism.
Additionally, Ethereum’s MVRV ratio shows long-term holders are in profit, while short-term holders face tighter margins. If the MVRV ratio peaks further, profit-taking by long-term holders could introduce sell pressure, causing a short-term price dip.
Historical Trends and Price Action
Over the past year, Ethereum’s price has fluctuated between $1,500 and $4,500, highlighting significant volatility. Currently, ETH is trading above its 50-day and 200-day moving averages, reinforcing bullish momentum.
Ethereum Price Prediction for 2025 and Beyond
Ethereum’s long-term outlook remains strong, thanks to its growing developer ecosystem and increasing network demand. While short-term fluctuations are inevitable, Ethereum is well-positioned to reclaim its all-time high of $4,878. Predictions for Ethereum’s price in 2025 and 2030 point to substantial growth driven by adoption and innovation.