2025-01-01 01:39:10

Ethereum (ETH) Price Rises: Indicators Point to a Bullish Turn

Ethereum price has gained more than 3% in the last 24 hours, showing signs of recovery. Unlike Solana and Bitcoin, which reached new highs in 2024, ETH has not been able to match this success.
Key indicators such as the RSI and DMI suggest bullish momentum is building. ETH is approaching the critical resistance at $3,523. Whether the altcoin can push higher or retest lower support levels will determine the short-term price path.

ETH RSI Indicator Rising

The Ethereum Relative Strength Index (RSI) is currently at 56.2, showing a steady recovery after falling below 20 on December 20. This recovery suggests that buying pressure is slowly returning and is moving ETH out of oversold conditions, moving from neutral to slightly bullish.
An RSI of 56.2 indicates that momentum is leaning more to the positive side and a slight upward movement in ETH price is likely.

The RSI is a momentum indicator that measures the speed and strength of price movements on a scale of 0 to 100. Values above 70 indicate overbought conditions and usually indicate a potential price pullback, while values below 30 indicate oversold conditions and indicate a possible recovery.
The Ethereum RSI remains in neutral territory at 56.2, but is close to entering bullish territory. In the short term, this could mean that ETH could post modest gains. However, the lack of strong momentum could limit any significant upward movement unless buying pressure increases further.

ETH Price Prediction: Potential 16% Upside
If a strong uptrend forms, ETH could test the resistance at $3,523. This could be a significant turning point in the recovery efforts.
A break above this level could pave the way for further gains with targets of $3,827 and potentially $3,987. This is a level ETH has not tested since December 17. On the other hand, if the current momentum fails to form a strong uptrend, Ethereum price could revisit the $3,300 support it tested on December 27 and December 30. Failure to hold this support could lead to further declines with the next targets at $3,218 and $3,096.
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ETH0,21%

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NOT0,17%

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GateUser-f925b8ca

· 2025-01-01 01:50

💥💥💥 The wind is rising, about to To The Moon, congratulations to all buddies, making money in two big waves in a row, long position taken between 915-92000 last night, taking profit at 95000, making 3000 points, making money 80 points on Ether, this morning taking long position near 92000 again, making about 2000 points, making money 80 points on Ether again. Red envelope rain in the live channel will start tonight, don't miss the live channel of Hongyi!! Last 2 days of subscription benefits: 4GT/month.

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GateUser-46badee4

· 2025-01-01 01:48

28th ETH exclusive subscription point, long at 2485, short at around 2540, accurate grasp of long and short positions, short at 68200 for BTC, also short to around 67600 during the day.

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