ETH/USD forecast for today by Traders Union analysts
ETH/USD is the pair that shows the price of Ethereum in US dollars. Notably, Ethereum is the first altcoin that is ranked second in terms of capitalization behind Bitcoin. Bitcoin was created as a payment instrument, while Ethereum allows you to develop decentralized apps and launch smart contracts. This ensures popularity for the ETH/USD currency pair among traders, who view it as a good earning opportunity.
TU analysts prepare the ETH/USD chart showing how the price of the base currency will change over time against the quoted currency. TU experts use various instruments of technical analysis (patterns, indicators, support and resistance levels, etc.) for making price predictions.
ETH/USD rebounds from earlier losses
24.04.2024
After retesting a strong 2,875 support level, ETH/USD returned to 3,120 resistance, broke it, and rose to the level of 3,274 at the moment. Sales of the coin by FTX and Alameda Research did not have much impact on its dynamics and could not change its trajectory. Thus, the bulls can test the 3,330-3,340 resistance, where the bears' activation is possible. The loss of support at 3,160 will lead to a decline toward 3,100.
ETH/USD deciding on the direction
17.04.2024
The lack of new market drivers had led to continued liquidation of long positions in the cryptocurrency market, resulting in the Ethereum price breaking the support level of $3,430 and collapsing to $2,880. Purchases from this support level lifted ETH/USD to the $3,280 resistance, where the sell interest continues. At this stage, the price of the coin is in the consolidation phase, trading close to $3,000. The bulls are insistently trying to anchor above this level, which will increase their chances of testing and breaking the aforementioned resistance; the loss of the $3,000 level will lead to a decline toward $2,880. There are no reasons at the moment for the collapse of the ‘major’ cryptocurrencies, Ethereum being one of them.
ETH/USD is declining again after the growth
10.04.2024
After the corrective decline of Ethereum to the support around 3220, the bulls showed themselves again and broke through the resistance around 3440 to lift the coin's price to 3725 USD. However, the failure of the BTC bulls to update the highs is forcing the ETH bulls to take profits on the upside, causing the bears to test support at 3425 for the moment. The cryptocurrency received additional bearish momentum after the release of a stronger-than-expected US inflation report. Next, bears may test support around 3300-3260; passing the 3550 resistance will take ETHUSD to 3600-3650.
ETH/USD declines after unsuccessful attempts to break the current highs
03.04.2024
After testing resistance near 3675, ETHUSD rolled back to support at 3475, from which the bulls again stormed resistance, but failed to break it, which led to the liquidation of long positions, as a result of which the support mentioned above was broken and support near 3250-3200 was tested. From it, growth attempts in the direction of 3425-3475 are possible, but in case of its breakdown, we should expect Ethereum's decline in 3100-3050. There are no signs of a trend reversal, but the risks of a larger correction are growing.
ETH/USD retreats from resistance 3665
27.03.2024
The corrective decline of ETHUSD to the support of 3280-3260 was used for buying, amid which the price of the coin returned to the resistance of 3665, which the bulls are still unable to break through. The US Department of Justice accuses the KuCoin crypto exchange of violating anti-money laundering laws, which can create a state of anxiety among investors and may contribute to the resumption of liquidation of long positions. At the moment, the cryptocurrency is under pressure, falling to the support of 3500, which the bears may break and test the support of 3440-3400. The resumption of Bitcoin growth will limit the downside potential of ether.
ETH/USD declines amid the liquidation of longs
20.03.2024
The bulls in the crypto market took a break, and amid the liquidation of long positions, cryptocurrencies, including Ethereum, were under selling pressure all last week. Thus, ETHUSD broke through several supports and declined to 3065. Growth attempts are limited by resistance near the level of 3400, below which there are still risks of retesting 3150-3065; passing the resistance will allow the bulls to test 3500-3600. If the US dollar falls on the Fed's interest rate decision, the coin may rise, but it could be used for selling. It is important for ETH bulls to monitor the ability of BTC bears to break the current lows, which could entail a larger liquidation of longs.
ETH/USD fails to break through the resistance of 4080
13.03.2024
After testing the resistance around 4080 USD, ether declined to the support of 3840 amid the elimination of longs. Still, the demand for the fall persisted, and the bulls tested the resistance again. This attempt was unsuccessful, but at the moment, the decline in ETHUSD is limited to the 3940 support. The inability of Bitcoin bulls to break through the current highs may entail a larger correction of both Bitcoin and Ethereum, but there is no talk of a trend reversal yet. Passage of resistance will lead to growth toward 4150-4200.
ETH/USD updated current highs
06.03.2024
Although the U.S. Securities and Exchange Commission (SEC) has again postponed a decision on BlackRock and Fidelity's applications to launch an ETH ETF, the price of Ethereum, after falling to the 3240 level, returned to the 3808 resistance, broke through it and tested the 3892 mark. Pullbacks are limited to support around 3760, above which the chances of growth towards 3960-4000 remain high; its loss will lead to a decline towards 3600-3500. On the downside, bullish activation is again possible, but ETH could expect a deeper dive south in the event of a large-scale Bitcoin correction.
ETH/USD enjoys steady demand
28.02.2024
During the past week, ETHUSD has been in steady demand, helped by the rise of bitcoin and the upcoming altcoin update. The breakout of resistance near the 3015 level ensured that its value rose to the 3363 level. The forecast remains bullish, and the nearest target of the bulls may be the resistance 3560, where profit-taking on long positions is possible. Loss of support at 3240-3220 will lead to a decline towards 3160.
ETH/USD fails to break through resistance
22.02.2024
Driven by bitcoin, ether demonstrated a positive attitude all last week, rising to the resistance around 3020 USD. Attempts to break it were unsuccessful, with demand remaining around the 2900-2880 levels, above which the coin's prospects remain constructive. The inability of the bulls to break through the resistance increases the risks of losing support and declining towards 2800-2760. Bitcoin's attempts to break through resistance remain unsuccessful, so ETHUSD bulls should be extremely cautious.
ETH/USD updates current highs
14.02.2024
The U.S. Securities and Exchange Commission (SEC) postponed the decision-making on the applications of a number of investment companies to launch Ethereum ETFs, but this did not prevent the continued growth of Ethereum, as a result of which it broke through a number of resistances and tested the level of 2768 at the moment. After breaking through the January high at 2712, the outlook for the coin has improved significantly, and it may test the psychological level of 30.00 in the foreseeable future; a loss of 26.80, which now acts as support, will lead to a decline towards 26.20-26.00.
ETH/USD is getting more expensive, following bitcoin
08.02.2024
The report on money laundering in the United States indicates that criminals use cash to launder illegally obtained funds, and the share of cryptocurrencies remains quite low. This report contributed to the activation of the bulls in the crypto market, on the background of which the price of Ethereum broke through the resistance around 2390 USD and rose to the level of 2442. Breaking through the resistance will provide growth in 2480-2500, where profit-taking on long positions is possible. The dynamics of ETH will still depend on the dynamics of BTC, which will contribute to the growth of the coin to the levels mentioned above. In turn, there is no reason for a large-scale rally.
ETH/USD under pressure after recovery
31.01.2024
Having recovered part of the losses after falling to support at 2180, the price of Ethereum rose to resistance in the area of 2280-2300. After a short consolidation, this resistance was broken, and ETHUSD tested the level of 2390. In general, this growth of the coin is associated with the recovery of Bitcoin, and from this level, in the absence of fresh incentives for ETH purchases, its price, again under pressure, fell to the support of 2285. In the event of a fall, the US dollar after the decision of the US Federal Reserve on the interest rate is possible to grow in the direction of 2340-2380; the growth of the dollar may help reduce the price of the coin in the direction of 2240-2200, where the bulls may become more active.
ETH/USD continues to decline
24.01.2024
Capital outflows from some spot bitcoin-ETFs contributed to the continued liquidation of long positions in Bitcoin and, consequently, in Ethereum. Against this background, after several days of consolidation, the coin price broke through supports around the levels of 2505 and 2425 and declined to 2168. There is fairly strong support here, but attempts to grow ETH are still limited by the resistance around 2260, which keeps the risks of its breakdown and decline towards 2100. Passage of resistance will lead to growth to 2300-2350. On dips, demand can persist.
ETH/USD continues to buy on pullbacks
17.01.2024
Inspired by the launch of spot bitcoin-ETF, the bulls on Ethereum raised its price to the level of 2715, where there were no willing buyers, and amid the liquidation of long positions, the price of the coin retreated to the support of 2470, where the bulls showed themselves again. Nevertheless, the growth attempts at the moment are limited to the level of 2613, which they have not managed to break through yet. Failure to overcome this resistance may entail the continuation of long liquidation and a return to the support mentioned above as a minimum. Still, there are no reasons for a large-scale sell-off, so the decline in the value of ETH can continue to be used for purchases.
ETH/USD declines after rally
16.01.2024
As expected, the SEC approved the applications of several investment companies to launch spot bitcoin-ETFs, which also expectedly provoked another surge of bullish sentiment in the crypto market, against which the value of Ethereum, having overcome a number of resistances, rose to the level of 2717. Here, the euphoria came to naught, and the bulls, not being able to break through this resistance, began to liquidate long positions, as a result of which the price of the coin retreated to the support of 2470. At the moment, it is in the consolidation phase, where the bulls' inability to overcome the resistance of 2550 keeps the risks of testing the support at least. Its breakdown will lead to a decline towards 2400-2360; passing the resistance will lead to a rise to 2620-2660.
ETH/USD returned to strong resistance
10.01.2024
Ethereum, after falling to the level of 2108, was able to recover some of the losses and return to the resistance of 2290, after which it consolidated between this level and the support of 2220-2180 until, with another attempt, the bulls broke through the resistance and tested the level of 2430. The bulls have yet to break through this resistance, which suggests that ETHUSD will decline towards the 2300-2260 support. Today, the SEC decision on investment companies' applications to launch spot bitcoin-ETFs is expected, which may affect the dynamics of both Bitcoin and Ethereum. Due to the possibility of sharp movements, it is better to stay out of the market for now.
ETH/USD declines amid long liquidation
03.01.2024
The storm of bulls on Ethereum resistance in the area of 2435 was not successful, and after testing this level, the price of the coin rolled back to the support of 2275. At the beginning of the year, there was another attempt to break through the resistance, and it was also unsuccessful. The lack of progress, the growth of the U.S. dollar, and the fall of bitcoin contributed to the liquidation of long positions, against which the support of 2350 was broken, and the level of 2108 was tested, after which a rebound to the level of 2250 was observed. On the growth, the interest to sell remains, and with it, the risks of retesting 2140-2107; passing 2250 will lead to growth to 2280-2300, where the bears' activation is also possible.
ETH/USD continues to buy back on pullbacks
27.12.2023
The support around 2140/20 stopped the decline of Ethereum last week. After testing it and taking advantage of the demand again, the cryptocurrency went up to 2340 USD, where the bulls began to fix profits on long positions. Against this background, there was a pullback to the support of 2180, but the demand for the decline persists. At the moment, the price of ETH is approaching the level of 2300, the passage of which will provide growth in the direction of 2340, where, again, the liquidation of longs is possible. There are no reasons for a large-scale collapse, but fresh market drivers may be needed to break through the resistance and grow towards 2400.
ETH/USD is being repurchased on the fall
20.12.2023
Keeping the situation under control, the bulls on Ethereum broke through the resistance around 2260 USD last week and tested the 2330 level. Here, they were again taking profits on long positions, which led ETHUSD down to the 2120 support. Nevertheless, on the downside, the demand for the coin remains, and the bulls continue to try to break the 2260 resistance again. The US Fed's intention to lower the interest rate level three times next year put pressure on the US dollar and provided support for cryptocurrencies, but this factor is not enough at this stage to resume the uptrend. In the short term, consolidation of the coin in the range of 2120-2260 is possible; the failure of the bulls to break through the resistance increases the risks of loss of support and decline in the direction of 2040-2020.
ETH/USD is recovering after the fall
14.12.2023
The consolidation of Ethereum near the current highs ended with the loss of support near the level of 2330 and a decline to the support level of 2150, after which the resistance of 2250-2210 limited growth attempts. The confidence of financial market participants in the US Federal Reserve lowering the interest rate level next year became a reason for selling the dollar, a positive factor for cryptocurrencies. Against this background, ETHUSD broke through the resistance and rose to 2284. Next, bulls may test the 2330-2340 resistance; a loss of 2250 support will lead to a decline towards 2200-2160.
ETH/USD continues to rise in price
06.12.2023
Efirium is trying to keep up with Bitcoin and continues to grow; as a result, the resistance around levels 2120 and 2180 was broken, and level 2310 was tested, after which the price of the coin rolled back to the support 2260/40. On pullbacks, it may continue to be bought out; loss of the current support will lead to a decline in the direction of 2200-2180, where the bulls may also become active. The outlook for ETH remains constructive.
ETH/USD is being repurchased on the decline
29.11.2023
Purchases of Ethereum from the 1930 USD level led to the growth of the coin's price to the resistance of 2090. This resistance was broken after a brief consolidation, and the bulls tested the 2135 level. Without fresh market drivers, ETHUSD came under pressure after testing it, which led to its decline to the level of 1990. The fall of the US dollar helps to maintain demand, but the bulls are not yet able to break through the resistance of 2075. Nevertheless, the outlook remains constructive, as does the upside potential to the current highs; a loss of 2040 support will lead to a decline to 2000-1990, and if the latter level is broken, ETH will continue to decline towards 1960-1930.
ETH/USD is consolidating in a wide range
22.11.2023
Bulls on Ethereum continue to control the situation, but they can still break through the resistance area of 2060-2135. Buying the coin on the downside around the 1940-1910 levels, the bulls are not abandoning their attempts to break through the resistance. The outlook remains constructive, but the bulls' inability to break the resistance will entail a loss of support and a decline towards 1860-1840 USD.
ETH/USD tested $1,936 per ounce
15.11.2023
As part of the consolidation phase, after rising to the $2,136 level, Ethereum traded between that level and support of around 2,035. After a second attempt to break the resistance, the token underwent a sell-off, which led to a break of the support and a decline to the 1936 level, but after testing it, the token price returned to the 2020 resistance. Failure of the bulls to break keeps the risks of a decline to 1980-1950; passing the resistance will lead to growth to 2060-2080.
ETH/USD is consolidating after another rise
08.11.2023
On the background of incoming positive news on Ripple and the decline in the US dollar, the crypto market was gripped by bullish sentiments, in the face of which Ethereum once again pushed away from the support around 1780 USD and broke through the resistance around 1870, rose to the level of 1815, which was able to contain the onslaught of the bulls. At this point, ETHUSD is in a consolidation phase and is trading between resistance and support at 1870-1850. Failure of the bulls to break the resistance increases the risks of losing support and declining towards 1830-1800; passing the resistance will lead to a rise to 1930-1950.
ETH/USD is trading in a range
01.11.2023
Ethereum has been consolidating all week, trading between support around 1780-1760 USD and resistance at 1830-1865. Continued demand on pullbacks indicates a continued chance of testing the 1865 level; a loss of support would lead to a decline towards 1720-1700 USD.
ETH/USD tested $1,852
25.10.2023
Expectations of SEC approval of investment companies' applications for launching spot bitcoin-ETFs contributed to the return of bulls to the market of digital currencies, against the background of which Ethereum broke through the resistance around 1640 US dollars and rose to the level of 1852. After testing it, the price of the coin rolled back to the support at 1760, where it continues to be bought out, and the bulls may test 1840-1850 USD again. A loss of support will lead to a decline towards 1720-1700.
ETH/USD sold off on the rise
18.10.2023
Bought on the decline to the level of 1523 USD, ether broke resistance around 1575 and rose to 1640, helped by bitcoin's rise on the false news that the SEC allegedly approved applications to launch spot bitcoin-ETFs. After the refutation of this news, the coin's price returned to the support of 1555, where moderate demand is noted. In the short term, it may be in a consolidation phase, trading between the levels of 1600-1550; a breakdown of one side of this range will indicate the direction of further movement.
ETH/USD continues to fall
11.10.2023
Weak demand for futures ETH ETFs significantly undermined the position of Ethereum, which, after a short consolidation, was again under the pressure of sellers, as a result of which the support was broken in the area of 1610 USD, and the mark 1545 was tested. Currently, the resistance is at 1576, below which the risks of breaking the support and falling towards 1520-1500 will prevail; passing the resistance will lead to growth to 1600-1630.
ETH/USD Chart
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Why do you need to monitor the ETH/USD price?
Traders Union experts have determined that the ETH/USD price prediction will be useful both to beginners and professional traders, who want to save time on conducting technical analysis. Price prediction is also a wiser solution compared to using ungrounded rumors or acting intuitively, which could result in the loss of money when working with highly volatile assets.
Ethereum is the base currency in the pair and the US dollar is the quoted currency. When Ethereum grows, the U.S. dollar weakens and vice versa. Trading ETH/USD is suitable for those who are prepared for regular price fluctuations and high volatility.
ETH/USD price performance depends on many factors: interaction between market forces, decisions of regulatory authorities, important statements by politicians, etc. By knowing how Ethereum will behave against the U.S. dollar today or any other trading day, you will be able to make informed trading decisions and build a profitable strategy.
FAQ
1
What is ETH USD?
ETH USD is a currency pair that shows the exchange rate of Ethereum to the US dollar. It is traded at cryptocurrency exchanges, as well as in the international Forex market (through brokers). It is actively used for speculations due to high volatility and good earning opportunities. However, you need to regularly monitor the ETH/USD price chart online in order to avoid a financial fiasco.
2
What factors influence the ETH/USD price?
Ethereum price against the U.S. dollar depends on various factors, including the following fundamental ones:
· Increased interest of investors in buying (if the activity picks up, the price increases and vice versa);
· News releases on cryptocurrency market regulation or prohibition of digital assets;
· Growth of popularity of decentralized apps and NFTs on Ethereum;
· Speculations in the market.
· Increased interest of investors in buying (if the activity picks up, the price increases and vice versa);
· News releases on cryptocurrency market regulation or prohibition of digital assets;
· Growth of popularity of decentralized apps and NFTs on Ethereum;
· Speculations in the market.
3
How do TU analysts make the ETH/USD price prediction?
TU experts use instruments of technical analysis, including patterns, indicators, etc., to research the ETH/USD price. These methods are applicable both to Forex and cryptocurrency markets. In addition to the offered ETH/USD price chart, you also need to take into consideration fundamental factors (unplanned events, statements of politicians, etc.).
4
Who can trade ETH/USD?
Trading the ETH/USD pair is suitable for those who are prepared for regular price fluctuations and high volatility. In order to reduce the risk of loss, it is important to regularly monitor the price performance.