Top Ethereum (ETH) Price predictions in recent times

TL; Dr.

• Analysts and merchants in X believe that Ethereum could extend their recent profits, citing technical patterns and the growing activity of the network as signs of an upcoming rally.
• Despite optimism, the growing RSI of Ethereum, positive exchange network flows and weak ETF inputs hint in assembly of short -term sales pressure and the doubt of investors.

What does the future hold?

Ethereum (ETH) has witnessed an evident progress last week, with its price increasing by approximately 10%. Briefly exceeded $ 1,800 on April 23 before returning to the current $ 1,750.

Some market observers think that the asset has not yet released its maximum potential, imagining high objectives for the near future. User X TED noted Ethereum’s active addresses have increased by 10% in The span of 48 hours. Have that He assumed that ETH could be preparing for an “epic revenge.”

The cryptographic merchant, using X Christiaan’s nickname, also intervened. He explored Recent asset price fluctuations to suggest that the price can soon be raised more than $ 2,000.

Gert Van Lagen is among the biggest optimists. The technical analyst reclaimed That “a large inverse head of 4 years and should” are at stake, which means that the next movement could be a gigantic increase for a new peak of approximately $ 20,000.

“A lot of retail sales have It has been shaken The right shoulder, ”he added.

Exploring some indicators

Contrary to the upward predictions mentioned above, TRUE The metrics indicate that the second largest cryptocurrency could be about For a setback.

Eth’s Exchange Netflow, for example, has been positive in the last month. This Reflexes a change towards centralized commercial platforms, which can increase Short -term sales activity.

We are going to the recent net entries in ETF Spot Eth. Data compiled by Sososalue shows That the figure has rarely been above zero in recent weeks. A substantial green candle was observed On April 22, but on many other occasions, tickets were negative. In simpler words, this means that more money left retired of the ETF that added, pointing out the uncertainty among institutional investors.

Finally, let’s examine the relative force index of ETH (RSI). The metric measures the speed and magnitude of the latest changes in prices and helps merchants to evaluate points reversions. A relationship above 70 is considered bassist, which suggests that ETH has entered over overcompra territory and could go to a correction. Early (April 24), the RSI was around that area, currently place around 65.