- Bullish Ethereum price prediction ranges from $2,074 to $2,952.
- ETH price might also reach $4000 soon.
- ETH bearish market price prediction for 2021 is $966.
This Ethereum (ETH)Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ETH price analysis and prediction.
Ethereum had so far become the most impressive cryptocurrency in 2020. If 2017 was the year of Bitcoin and initial coin offerings (ICO), then 2020 is the year of Ethereum and decentralized finance (DeFi).
But will Ethereum be a good investment in 2021? Or will its story be like how Bitcoin and ICOs ended after the 2017 bull run? Let’s find out in this CoinQuora ETH price analysis and Ethereum price prediction 2021.
ETH Current Market Status
As of the time of writing this Ethereum technical analysis, ETH trades at $1,709 with a 24-hour trading volume of $32,828,162,602. The price of ETH has lowered by (-4.4 %) in the last 24 hours.
Furthermore, ETH has a current circulating supply of $115 million. Currently, the top crypto trading platforms for ETH are Binance, Huobi Global, BitZ, Bybit, and OKEx.
Now, let’s proceed to the next part of this ETH technical analysis for 2021.
Ethereum Price Analysis 2021
Would the recent development and changes in the ETH’s blockchain help the cryptocurrency price to grow higher? Let’s take a look into the charts in this ETH price prediction article.
The head and shoulders pattern shows a specific chart formation that predicts a bullish-to-bearish trend reversal. Moreover, the pattern is one of the most reliable trend reversal patterns.
As shown above, at the beginning of this month, ETH turned its bearish position to bull trend. One reason to consider, the high trade volume occurred in that period.
Furthermore, the Relative Strength Index (RSI) is at 37, which means that ETH is already nearly at the oversold state. As a result, this may lead to a price reversal at any given time.
When it comes to the moving average convergence/divergence (MACD), the MACD stays below the signal indicator. In other words, traders can expect more bearish ahead of the crypto. However, if the crypto begins to show a bullish crossover sign, it will be a different story.
Ethereum is one of the potential cryptocurrencies this year. Since the start of 2021, ETH’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidations, fluctuations, and corrections right away. As a result, some crypto experts predict March will be altcoins season.
Ethereum Price Prediction 2021
Currently, ETH holds the 2nd place on CoinGecko. In fact, ETH price reached an all-time high price of $2,042.
Would this market performance be enough for ETH to maintain its bullish position in 2021? Are you already excited to know the results? Well, what are we waiting for? Let’s get to the bottom of this ETH price prediction 2021.
In the short-to-mid-term scenario for our Ethereum price prediction 2021, ETH has to break past the resistance level at $2952. To do this, it has to establish more support at the resistance level at $2074. If not, bears may gain the upper hand and drag ETH further to their territory.
Meanwhile, our long-term ETH price prediction 2021 is bullish. Even more, it has a high possibility of reaching a new all-time high this year. However, that will only happen if it breaks past a number of psychological resistances.
Ethereum has a bright future ahead of it in 2021. With ongoing developments happening within the ETH ecosystem and the overall crypto market, we may see ETH reach new heights.
Even more, the bullish ETH price prediction 2021 is $2952. As said above, it may even reach a new ATH if investors have decided that ETH is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin. Moreover, it has a chance to reach $4000 in the latter parts of this year as well.
Ethereum is the second-biggest cryptocurrency by market capitalization, after Bitcoin. Ether (ETH) is the native token of Ethereum.
Users can obtain ETH tokens by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.
Ethereum is a good investment in 2021. In addition, ETH has a high possibility of surpassing its current ATH at about $2,042 this year.
Yes, it’s very much possible that ETH might reach $4000 in the near future as per the current bullish trend.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.