简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Ethereum price has been on an exponential rally as it tagged the $4,00 psychological level.
Ethereum Price Prediction: ETH to retest all-time high after minor pullback
Ethereum price has been on an exponential rally as it tagged the $4,00 psychological level.
A minor retracement to $3,716 or subsequent support levels seems likely before a new uptrend originates.
If ETH manages to recover above $3,863, the retest of the all-time high is next.
Ethereum price saw a massive upswing between August 31 to September 3 as it pierced a psychological level. However, the buying pressure failed to hold up, which is currently experiencing a slow downtrend.
There is a high likelihood that ETH will bounce off a support level and restart its uptrend.
Ethereum price looks to restart its uptrend
Ethereum price rallied nearly 25% between August 31 and September 3 to retest the $4,000 psychological level. This move comes roughly a month after ETH pierced the $3,000 barrier. The smart contract token failed to retest the upper limit of the fair value gap at $4,071 and is currently retracing to gather steam.
A resurgence of buying pressure at $3,716 or $3,524 support barriers could hold the key to restarting the uptrend. In such a case, ETH is likely to push to $4,071, and if the buying pressure continues to build, it could even retest the all-time high at $4,372.
In a highly bullish scenario, Ethereum price might continue to climb to test the 100% Fibonacci retracement level at $4,699.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.