After a heavy crash in November 2021, Ethereum price fell from its all-time high price of around $4,800 to $2,200. However, looking at the grand scheme of things, professional crypto traders noticed how ETH prices and cryptos, in general, were inflated. Prices needed a breather and an adjustment. This is exactly what happened, as prices started to pick again in Q2 2022. Will we witness another Ethereum 4K price before the end of Q3? In this Ethereum price prediction article, we’re going to analyze Ethereum from a technical and see if this is feasible.
Is Ethereum price up again?
Many cryptocurrency traders feared Ethereum reaching a price below $3,000. However, looking at figure 1, we can see a “zoomed out” chart of Ethereum. We at CryptoTicker always spoke about how ETH prices were inside an uptrend channel. Every time prices reached the bottom support line, prices rebounded. On the other hand, every time ETH prices breached or reached the higher trendline, prices tended to fall and retrace lower.
Currently, ETH prices are simply retracing back towards the strong average uptrend line of the channel. This comes at a time when Ethereum price reached the upper trendline. Prices are expected to continue adjusting lower towards $2,600 before rebounding higher.
Ethereum Price Prediction – Will Ethereum 4K happen soon?
There is no doubt that Ethereum price should reach 4K again. The question remains “when” for now. In fact, many other analysts predict Ethereum reaching as high as 5K or even 10K in the medium and long term. But for now, we can assess when should ETH return to its 4K price.
Looking at figure 2 below, we can see how ETH managed to form a renewed uptrend after crashing from its all-time high price towards the low of around $2,200. Since then, prices have started a new uptrend.
We expect that price will first reach the low of the channel, then rebound higher to 4K towards the end of the month of May 2022. We advise waiting for further adjustments and buying ETH at support levels. Of course, adequate stop-loss levels should also be taken into account, this way you can limit your losses in case the entire crypto market suffers from bad fundamentals.
Can Ethereum reach 10K?
Seeing the above charts, we can most definitely predict that Ethereum reaching 10K will take a while. There are many milestones that Ethereum prices need to achieve before reaching such a high valuation. Those technical milestones are as follows:
- USD 4,000
- USD 5,000
- USD 7,500
- USD 10,000
For now, we await that Ethereum reaches its first milestone another time, confirming the upcoming bull towards the next one. If the crypto market as a whole fails to enter another strong bullrun before Q3, chances of Ethereum reaching 10K will start to become lower.
Remember: ALWAYS buy any type of crypto on their respective support levels. Buying Ether just because it made the news or because other people are hyping about it is definitely not the way to approach cryptocurrencies. If you want to know more, consider reading this article on how to become a successful trader.
- Shiba Inu to Reach 1$ soon? This New Upcoming Development Proves it Right
- Ethereum Price Prediction – ETH still UP but might Correct to THIS Level
- Ethereum Price Prediction – LAST CALL to Buy Ether at 3k?
- Big News: Ripple Price is about to TRIPLE? This News Confirms…
- Ethereum will SOAR to 5K after Doing THIS!
- Ethereum Crash lower than $2,000! Will Ethereum reach 0 $?
- Ethereum Price – Two Potential Scenarios before 2021
- Ethereum Price Forecast – Can The Ethereum Price Rise Now?
- Conservative Prediction: Can XRP reach $5 in 2023?
- Top 3 Price Prediction: Bitcoin, Ethereum and Ripple on the verge of a massive breakout
- Ethereum Price Prediction – ETH hits Critical Support, Buy Now?
- Crypto Market UP for most Altcoins – Quick Recap BTC, ETH, SOL, LUNA
- The Big Ripple Price Prediction for 2023 – How high can the XRP price go in 2023?
- Ethereum Price Prediction – Ethereum Down 20%, will it rebound soon?
- INSANE! Bitcoin Surpasses ALL-TIME HIGH and Eyes 70K! Here’s What’s Next
- Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
- Ethereum Price UP in Anticipation for the Merge – Can you Still Buy ETH?
- Ethereum Price might SKYROCKET if THIS Happens…Here’s Why
- This Technical Analysis signals a further heavy drop for Ethereum…Should you be concerned?
You might also like
More from Ethereum
DO NOT Miss Ethereum Price reaching $2,000…is ETH a Good Buy?
Ethereum coin went back to previous highs and is currently eyeing the $2,000 price mark. Is ETH a good buy? …
Ethereum Prediction for February 2023: This Chart confirms $2,000?
How high can Ethereum go in February 2023? In this Ethereum prediction article, we analyze ETH prices from a technical …
Ethereum Prediction for February 2023 – Are things looking good for ETH?
Will Ethereum price continue to rise or will there be a crash? Let's analyze in this Ethereum prediction for February …