Ethereum is the second most well-known cryptocurrency after Bitcoin and eth price is talking to the sky. After the pandemic along with the negative impact on the global economy, the cryptocurrency market also had 40% losses.
However, soon Bitcoin being the standard cryptocurrency stabilized getting the crypto market back on the right track.
What the Crypto Experts can Predict Rise in Eth Price till Dec 2021?
Ethereum’s value rises parallel to Bitcoin’s value, now making the ratio difference between the value of both equal to nothing. Therefore it is predicted to see an increase in the USD-dominated value of Eth as the overall value in the crypto market increases.
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Eth price till Dec 2021 is predicted to reach above $3000, which will be significantly higher than past year prices in the pandemic that was around $370. The USD-dominated value of Ethereum has increased from $732.73 to $4,362.35 in a short time duration of 6 months from December 2020 to May 2021.
Unfortunately, a downtrend after May 2021 has been observed due to the influence of Elon Musk’s Tweets exhibiting concerts about Bitcoin. The downtrend had a negative impact on the USD value of Ethereum from above $4000 to $2000.
What The Crypto Experts are Forecasting & Predicting about Eth Price till Dec 2021?
The progress and fate of Ethereum are strongly linked to Bitcoin. However, Bitcoin mining was banned in China resulting in a significant fall of $30,000 in its value in 2021.
As much as Ethereum holders want its value to reach maximum value. It is expected that Ethereum won’t reach above $3000 by 2023, however, experts don’t expect the average Eth to reach more than $3000 by 2024.
Trading Beasts Expected Eth Forecast
There are two pieces of news, good news is no drastic downtrends any further are predicted to happen. However, the average Eth price till Dec doesn’t seem to reach more than $3000 in 2021.
Coin Price Forecast
Coin price’s forecast about Ethereum’s price value is highly ambitious. As it is predicted to reach above $5000 by end of 2021. This is also quite contrary to Wallet Investor and Trading Beasts.
Wallet Investor
The expected highest Eth price till the end of December is expected to reach a maximum price value of $4000. While with an average predicted value above $3000.
Long Forecast Agency
Long forecasts are also optimistic about Ethereum reaching $4.4l dollars by the end of December 2021.
Ethereum Price Prediction Till End Of Dec 2021
In conclusion, Ethereum USD price value in the past months of 2021 showcased a consistent uptrend. Ethereum’s uptrend falls from a minimum of 4.2k dollars to a maximum of 4.4k dollars. However, lesser trade volume was observed at 4.4k dollar, indicative of volatility.
We need to break the level of resistance up to 4.2k dollars to reach upside but if the resistance continues to hold with rejection then be ready to observe a downfall of 3.9k dollars in upcoming days. So currently Ethereum holders, we are battling a point of resistance. Additionally, a constant decline in trade volume is presently telling us a very volatile move is coming up next but the direction is uncertain.
Observing the patterns and indicators of Ethereum past price value, we can indicate that Eth has again reached the nearest 4.2k level of resistance at $4,170. With a bullish pattern with a 6.5% upside price target is predicted to be $4,430 USD approximately. Ethereum will reach an all-time high price point. We have seen multiple short-time downtrends leading to bottoms in RSI.
Ethereum VS Bitcoin 2021
With a four-hour time frame, We are currently at a deciding moment. Ethereum needs a bounce proving to be a successful retest. But if we further break back below and do not hold the current level then the recent upside action would be seen as a giant fake-out. Ethereum needs to hold above the level of 0.0655 bitcoin per Ethereum.
Ethereum Forecast for 2021-2022
The technical analysis of Ethereum price value can help us to predict 2021-2022. As it started to move upwards from $1700 -$1800 showing strong support and history, but due to bearish trends in local time frames Ethereum is more likely to take bullish revenge soon.
Right, Ethereum is highly volatile with uncertain price movements and many experts have shared the least accurate price value ranges
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