Ethereum (ETH/USD) price heading to $16,000? What could happen next – Crypto News – Crypto News
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Ethereum price (ETH/USD) back to $1,300. Vitalik Buterin advises the community on a key issue Ethereum price (ETH/USD) back to $1,300. Vitalik Buterin advises the community on a key issue

Cryptocurrency

Ethereum (ETH/USD) price heading to $16,000? What could happen next – Crypto News

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3 years ago

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  • Ethereum recovered by more than 4% on Monday

  • The cryptocurrency has maintained an uptrend

  • A break above $1,250 sets ETH to $16,000 with short-term corrections at $1,350 and $1,450.

Relief rallies are here, and even before we go further, Ethereum (ETH/USD) is back above $1,300. To a crypto native, this price level should inform you that Ethereum has overcome a resistance hurdle at $1,250. We have seen it happen before, cryptocurrencies breaking key levels and crashing below them thereafter. That’s when you recognize how volatile digital assets are. But of course, you don’t want to miss out on slight opportunities as they emerge, and Ethereum could be one of them.

Trading up 4.66% as of press time, Ethereum was again showing why investors should never lose hope. Ethereum has been regarded as the home of decentralized finance and non-fungible tokens. Analysts expect these two nascent sectors to continue growing despite getting it rough in 2022. So, timing your investment in Ethereum is all you need, both short and long-term. But is the recent rally an indication of the start of a bullish market?

We would be too cautious about calling a bullish market for Ethereum and any other crypto now. However, as ETH price action shows, $16,000 could be the inevitable target only if…

Ethereum price outlook and analysis

ETH/USD Chart by TradingView

Ethereum’s price outlook shows it has overcome resistance at $1,250. The momentum has increased significantly since the breakout. The moving averages now support the price, with the 20-day MA attempting to close above the 50-day MA. Ethereum has maintained movement above the short-term ascending trendline and trades with higher highs and higher lows.

What next for ETH?

ether price is set for the $1,350 level in the current bullish run. A break above this zone will see buyers target $1,450 next. Still, we set a price target at or above $1,600, the established resistance. For ETH to hit the price level, bulls must keep price above the ascending trendline and moving averages. However, a short-term correction is expected near the $1,350 and $1,450 resistance levels.

Where to buy ETH

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy ETH with eToro today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy ETH with Binance today

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