Ethereum (ETH) 24-Hour Prediction Analysis
Current ETH Price:
535,163.16 PKR (-0.48%)
1,926.17 USDT (+0.24%)
Key Indicators from the Chart:
1. Bollinger Bands:
Upper Band: 1,948.51 USDT
Middle Band: 1,932.79 USDT
Lower Band: 1,917.06 USDT
ETH is near the lower band, indicating possible consolidation or an upward move.
2. RSI (Relative Strength Index): 40.20
Below 50, suggesting ETH is slightly bearish but not yet oversold.
3. Moving Averages:
MA(5): 6,272.71
MA(10): 7,818.87
Short-term price movement is below the moving averages, indicating mild bearish momentum.
24-Hour Price Prediction:
1. Bullish Scenario:
If ETH breaks above 1,932 USDT, it could test 1,950 - 1,960 USDT.
Needs higher volume and strong BTC movement for confirmation.
2. Bearish Scenario:
If ETH falls below 1,917 USDT, it could drop to 1,900 - 1,880 USDT.
A further drop is possible if BTC weakens.
3. Sideways Consolidation:
ETH may stay between 1,915 - 1,940 USDT if no major movement happens.
Final Verdict:
ETH is slightly bearish but close to support levels.
Watch BTC trends and market news for stronger confirmation.
If buying volume increases, ETH could bounce back.