.jpg)
Ethereum’s price has been making waves, rallying 9.27% last week as per Coinpedia Markets and finding solid support around the $3,000 mark. As of Monday, ETH is trading at approximately $3,336, inching closer to its critical weekly resistance at $3,454. This rally has sparked discussions around ETH price prediction, with traders wondering about its next move.
A decisive break and close above the $3,454 resistance level could pave the way for Ethereum to extend its rally by 16%, targeting the psychologically significant $4,000 level. The RSI on the daily chart currently reads 65, well above the neutral 50 level, underscoring strengthening bullish momentum.
Adding to the optimism, the ETH/USDT weekly chart shows a potential golden cross formation—where the 50-day moving average crosses above the 200-day MA. Historically, this pattern signals the onset of a prolonged bullish trend. A move above $3,500 could ignite a broader market rally, with Ethereum-based altcoins like Shiba Inu and Cutoshi positioned to benefit.
If Ethereum fails to close above $3,454 and slips below $3,330, a pullback toward the $3,000 support level is likely. This scenario would signal caution for short-term traders.
On the 4-hour chart, Ethereum appears to be trading sideways, with repeated rejections near the $3,400 level. Doji candlesticks on this timeframe cast doubt on the immediate upside potential, suggesting that traders remain uncertain.
Crypto analyst Michaël van de Poppe has highlighted a bullish divergence forming on the ETH/BTC daily chart, hinting that Ethereum may gain ground against Bitcoin for the first time in months. If this trend materializes, it could further boost Ethereum’s price momentum.
Despite the bullish setups, Ethereum’s rising Aroon Down Line, currently at 78.57%, indicates growing bearish pressure. This trend suggests that recent lows are occurring more frequently, signaling a potential start of a downtrend if the $3,330 support level fails to hold.