Disclaimer: This isn’t funding recommendation. The data supplied is for common functions solely. No data, supplies, providers and different content material supplied on this web page represent a solicitation, suggestion, endorsement, or any monetary, funding, or different recommendation. Search impartial skilled session within the type of authorized, monetary, and financial recommendation earlier than making any funding choice.
- Ethereum is down -5.56% at this time towards the US Greenback
- ETH/BTC decreased by -2.76% at this time
- Ethereum is at present buying and selling 14.98% under our prediction on Feb 07, 2025
- Ethereum dropped -13.20% within the final month and is up 32.75% since 1 12 months in the past
ETH value is predicted to rise by 16.63% within the subsequent 5 days in accordance with our Ethereum value prediction
is buying and selling at $ 3,074.31 after dropping -5.56% within the final 24 hours. The coin underperformed the cryptocurrency market, as the overall crypto market cap decreased by -5.47% in the identical time interval. ETH carried out poorly towards BTC at this time and recorded a -2.76% loss towards the world’s largest cryptocurrency.
In keeping with our Ethereum value prediction, ETH is predicted to succeed in a value of $ 3,616.11 by Feb 07, 2025. This is able to signify a 16.63% value improve for ETH within the subsequent 5 days.
ETH Value Prediction Chart
Purchase/Promote Ethereum
What has been occurring with Ethereum within the final 30 days
Ethereum has been displaying a damaging development just lately, because the coin misplaced -13.20% within the final 30-days. The medium-term development for Ethereum has been bullish, with ETH rising by 25.73% within the final 3 months. The long-term image for Ethereum has been constructive, as ETH is at present displaying a 32.75% 1-year value change. On at the present time final 12 months, ETH was buying and selling at $ 2,315.91.
Ethereum reached its all-time excessive value on Nov 10, 2021, when the value of ETH peaked at $ 4,867.17. The present ETH cycle excessive is $ 4,094.18, whereas the cycle low is at $ 897.01. ETH has been displaying low volatility just lately – the 1-month volatility of the coin is at 4.22. Ethereum recorded 16 inexperienced days within the final 30 days.
Ethereum technical evaluation for at this time – Feb 02, 2025
The sentiment within the Ethereum markets is at present Bearish, and the Worry & Greed index is studying Greed. A very powerful assist ranges to observe are $ 3,041.70, $ 2,964.57 and $ 2,821.20, whereas $ 3,262.20, $ 3,405.57 and $ 3,482.70 are the important thing resistance ranges.
Bearish sentiment for Ethereum
9 indicators are at present signaling a bullish prediction for Ethereum, whereas 19 indicators are exhibiting a bearish forecast. With 68% of indicators favoring a damaging prediction. This ends in an general Bearish sentiment for Ethereum.
Crypto market is at present experiencing Greed
At present, the Worry & Greed index is at 60 (Greed), which alerts that buyers have a constructive outlook available on the market. The Worry & Greed index is a measure of sentiment amongst cryptocurrency buyers. A “Greed” studying means that buyers are at present optimistic concerning the cryptocurrency market, however will also be a sign that the market is overvalued. A “Worry” studying, alternatively, alerts that buyers are at present hesitant concerning the cryptocurrency market, which doubtlessly represents a shopping for alternative.
Ethereum shifting averages & oscillators
Let’s check out what a few of the most essential technical indicators are signaling. We’ll be going by means of key shifting averages and oscillators that can enable us to get a greater concept of how Ethereum is positioned out there proper now.
The Relative Power Index (RSI 14) is a extensively used indicator that helps inform buyers whether or not an asset is at present overbought or oversold. The RSI 14 for Ethereum is at 42.46, suggesting that ETH is at present impartial.
The 50-day Easy Shifting Common (SMA 50) takes under consideration the closing value of Ethereum over the past 50 days. At present, Ethereum is buying and selling above the SMA 50 trendline, which is a bullish sign.
In the meantime, the 200-day Easy Shifting Common (SMA 200) is a long-term trendline that’s calculated by taking a median of the ETH closing value for the final 200 days. ETH is now buying and selling above the SMA 200, signaling that the market is at present bullish.
The underside line about this Ethereum prediction
After contemplating the above elements, we are able to conclude that the present forecast for Ethereum value prediction is Bearish. ETH must improve by 16.63% to hit our $ 3,616.11 goal inside the subsequent 5 days. Shifting ahead, will probably be essential to observe the ETH market sentiment, the important thing assist and resistance ranges, and different metrics. Nevertheless, we have now to take into account that the cryptocurrency markets are unpredictable, and even the most important crypto belongings show numerous value volatility. For long-term Ethereum value predictions click on right here.
Disclaimer: This isn’t funding recommendation. The data supplied is for common functions solely. No data, supplies, providers and different content material supplied on this web page represent a solicitation, suggestion, endorsement, or any monetary, funding, or different recommendation. Search impartial skilled session within the type of authorized, monetary, and financial recommendation earlier than making any funding choice.
