Experts Make Predictions for Ethereum Price for 2024

Experts in the crypto fields have given Ethereum price predictions for 2022. The bullish surge that was initiated in mid-2021 influenced the prediction of ETH prices. Bloomberg’s analyst, Mike McGlone predicted the year ending with $4000 to $4500 on Ethereum’s price. Coinpedia had anticipated Ethereum reaching $6500 to $7500 this year. The overall bearish wave of 2022 caused the news outlet to change its mind. Coinpedia now predicts $2500 for Ethereum.

Some experts in the crypto market expect more volatility in ETH than Bitcoin due to “the merge”. “The merge” is Ethereum’s transition to a less energy-consuming version which is more appealing.

Key Ethereum Levels To Watch — October 4

Ethereum has violated the bearish order block that prompted the dive-in price to $1021. The correction upwards filled up the areas of market inefficiencies during the impulsive bearish run.

The previous resistance level at $1273 seems to now function as a new support level. A higher low has been formed in September at the mitigation of the bullish order block.

The MACD (Moving Averages Convergence Divergence) indicator is showing signs of a bullish trend continuation. The lower band on the Bollinger is also providing support. The market is expected to soar towards $1718.

Ethereum Key Levels

Resistance Levels: $2019, $1912, $1273
Support Levels: $1718, $1436, $1021

Total Market Capitalization: $963.0B
Ethereum Market Capitalization: $165.6B
Ethereum Dominance: 17.2%
Market Rank: #2

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