Annual Forecast for Ethereum (ETH), 2022
Login

Annual Forecast for Ethereum (ETH), 2022

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Ethereum price Long-term Analysis: Bearish
Ethereum’s (ETH) price is in a downward correction as price finds support above the 50-day line moving average. Today, the largest altcoin is making an upward move. In retrospect, in its initial launching, Ethereum attained a peak price of $1,424 in January 2018. After attaining a peak price, the uptrend was terminated as the market reached an overbought region. Ether declined to $100 support and resumed a fresh uptrend. In January 2021, the overhead resistance at $1,424 was breached as the altcoin reached a new high of $4,864. Today, the market is declining because the bulls failed to break above the $4,400 overhead resistance. The overhead resistance is the historical price level of May 10, 2021. Ethereum has retraced and found support above $3000 support.

Annual Forecast for Ethereum (ETH), 2022
ETH/USD – Monthly Chart

ETH Technical Indicators Reading
On the weekly chart, Ether is below the 20% range of the daily stochastic. The altcoin has reached the oversold region of the market. It implies that the selling pressure is likely to end. Buyers have already emerged to push the altcoin to the previous highs. Nevertheless, on the monthly chart, Ethereum is at level 63 of the Relative Strength Index for period 14. The altcoin is in the bullish trend zone and capable of a further upward move.

Ethereum (ETH) Medium-term Trend: Bullish
On the monthly chart, Ethereum is in an uptrend as the price bars are above the moving averages. Meanwhile, on November 1 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that Ether will rise to level 1.618 Fibonacci extension or $7,844.60.

What Is the Next Move for Ethereum (ETH)?
Ethereum has begun the resumption of an upward move after finding support above the 50-day line moving average. The largest altcoin has recovered above the $3,000 support. According to the Fibonacci tool analysis, this year, Ether will reach a high of $7,844.

Annual Forecast for Ethereum (ETH), 2022
ETH/USD – Weekly Chart


You can purchase crypto coins here. Buy Tokens

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News