Ethereum Price Prediction: What the Latest Onchain Data Reveals
1Cryptocurrency
Ethereum
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
7 minutes ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Ethereum is trading around $4,760 during the early European session on Sunday. It’s holding steady after a sharp rally from the $4,100 lows earlier this month. This price action has sparked renewed debate among traders and analysts: is Ethereum merely consolidating, or is this the start of a longer climb toward $20,000?
Ethereum Technical Picture: Bull Flag and Breakout Potential.
On the technical analysis side, ETH is building strength, supporting a bullish Ethereum price prediction. Price action has carved out a bullish ABCD harmonic pattern, with the surge to $4,900 confirming strong conviction buying.
Since then, ETH has been consolidating just beneath resistance, forming what resembles a bull flag—a continuation structure that often precedes another push higher.
Momentum remains constructive. The RSI sits at 65, showing strong demand without tipping into extreme overbought territory, while the MACD has flipped firmly bullish, with widening histogram bars pointing to building momentum.
Candlesticks reveal higher lows and tightening consolidation, suggesting healthy accumulation rather than exhaustion.
Key levels stand out: support at $4,600 and $4,420, resistance at $4,900. A closing of candles just above $4,900 can open further room for buying until $5,300, with odds of extending upward toward $5,700 and even the psychological $6,000 mark in the near term.
Ethereum On-Chain Metrics: Funding and Open Interest Align.
Beyond the chart, Ethereum’s derivatives data reinforces the bullish setup.
Funding rates across major...
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
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