Home Cryptocurrency Ethereum Price Prediction 2021 – Will ETH Hit $2,855 Soon?

Ethereum Price Prediction 2021 – Will ETH Hit $2,855 Soon?

by Serge Shlykov

Ethereum Price Prediction 2021 – Will ETH Hit $2,855 Soon? This is a cryptocurrency market in which you can buy and sell digital tokens. This is the next generation of blockchain technology – it’s multi-faceted, decentralized and fully open source. It is built with one purpose in mind – to bring the world a better, more efficient and fair system for the future.

Ethereum is known as the “world computer” and it is currently the 2nd most popular cryptocurrency. It is predicted that Ethereum’s price will increase to $2,855 by the end of 2021.

Ethereum is one of the most popular cryptocurrencies in the world. What makes it attractive is its smart contracts feature, which allows you to make transactions with a mere click. This feature has made it one of the most widely used blockchain applications in the world, and it has attracted a large number of developers and individual users.. Read more about ethereum price prediction 2025 and let us know what you think.

  • The range of bullish ETH price predictions is $2,410 to $2,642.
  • The price of ETH may soon hit $2,855.
  • For the year 2021, the pessimistic market price forecast for ETH is $2,035.

We utilize data, price trends, RSI, and other information about ETH to evaluate the cryptocurrency’s future movement in Ethereum (ETH) price forecast 2021.

Ethereum is an open source decentralized blockchain technology with its own money, Ether. ETH serves as a platform for the execution of decentralized smart contracts and many other cryptocurrencies.

Vitalik Buterin initially described ETH in a whitepaper published in 2013. In the summer of 2014, Buterin and his co-founders raised funds for the project via public online sales, and the blockchain was formally launched on July 30, 2015.

Ethereum’s long-term aim is to create a worldwide decentralized application platform that allows people all over the globe to develop and operate software that is resistant to censorship, downtime, and fraud.

At the time of writing, the ETH price was trading at $2,200.07, with a 24-hour trading volume of $30,581,952,912 according to CoinGecko. ETH, on the other hand, has dropped 6.9% in the past 24 hours.

Furthermore, there are 116,384,069 ETH in circulation. ETH is currently traded on Binance, OKEx, Huobi Global, Bybit, and CoinTiger, among other cryptocurrency exchanges.

Predictions for the price of Ethereum (ETH) in 2021

On CoinGecko, Ethereum (ETH) is now ranked second. The price of ETH in 2021 is forecasted using a daily time period, as shown below.

Descending Triangle Pattern in ETH/USDT (Source: TradingView)

The Descending Triangle pattern may be seen in the daily time period on the chart above. Furthermore, as a downward breakout, falling triangles are a bearish pattern.

If the bull trend continues and the $2,410 barrier is broken, the ETH may hit $2,865 on the daily time frame chart. Alternatively, if the price of ETH breaks through the $1690 support level, the price will fall. As a result, the ETH trend is predicated on the breakout.

Levels of ETH Support and Resistance

The chart below shows the level of support and resistance for ETH.

Ethereum Price Prediction 2021 – Will ETH Hit $2,855 Soon?Support and Resistance Levels for ETH/USDT (Source: TradingView)

The following are the resistance and support levels of ETH, as seen in the above daily time periods.

  • $2,855 is the first level of resistance.
  • $2,642 – Level 2 Resistance
  • $2,410 — Level 3 Resistance
  • Level 1 Support – $2,210
  • Level 2 Support – $2,035

Over the last month, the charts indicate that ETH has been in a bullish trend. If the current trend continues, ETH may catch up with the bulls and break over the $2,855 resistance mark.

In the event that investors turn against cryptocurrency, the price of ETH may fall to almost $2,210, indicating a negative warning.

Average Directional Index for Ethereum (ETH) (ADX)

Let’s take a look at ETH’s average directional index (ADX). The Average Directional Index (ADX) is a tool that traders use to assess the strength of a trend. It’s utilized to see whether the market is shifting or if a new trend is about to emerge. It’s linked to the Directional Movement Index (DMI) (DMI).

The oscillator has a 0 to 100 range. The high value and low value imply a strong and weak trend, respectively. It is often used in conjunction with directional indicators. 

The following chart shows that the ADX of ETH remains above the range of 20.94, indicating a mild bearish trend.

Conclusion

ETH is one of the cryptos that has managed to hold its ground in a negative environment. In addition, our long-term Ethereum price forecast for 2021 is positive. This year, it has a good chance of surpassing its current all-time high (ATH) of $4,362. However, this only occurs when ETH overcomes a significant amount of psychological barrier.

Furthermore, the ETH ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. It may soon reach $2,642 and even higher levels, but it is more likely to reach $2,855 if investors believe ETH is a solid investment in 2021.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

The Ethereum price is trading at $150 as we write this. It is currently up around 2% for the week. The Ethereum price surge has been attributed to a number of factors, including the launch of the Metropolis upgrade to the Ethereum network, along with the launch of Ethereum’s mainnet. One of the most recent updates to the Ethereum network has been the addition of ZK-SNARKs. These are what purport to be a new cryptographic technique that the Ethereum network will use to make smart contracts more reliable.. Read more about ethereum price prediction 2022 and let us know what you think.

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