Ethereum (ETH) Price Prediction as the Market Signals Potential Recovery

Ethereum price rose on Friday as the broader market signaled potential recovery. ETH was up by 2.7% at the time of writing

Ethereum (ETH) price attempts to build on Thursday’s gains from a three-day losing streak. ETH price rose on Friday morning as the broader market signaled potential recovery from a sell-off earlier this week. At the time of writing, ETH was up by 2.7% and trading at $3,308.

Key Levels

ETH/USD is bullish biased despite the morning sell-off from $3,366. A breakout above $3,313 could trigger further gains towards $3,367. On the downside, a four-hourly candlestick close below $3,224 could shift the momentum to the downside.

Technical Indicators

ETH price bullish momentum is still weak despite the morning recovery. A breakout above the Volume Weighted Moving Average (VWMA) could signal a bullish continuation. 74% of ETH holders have had it for over a year.

Crucial Zone Analysis

Resistance Zone: $3,313, $3,367

Support Zone: $3,224, $3,186, $3,133

ETH/USD Price Analysis

After a morning sell-off from $3,366, ETH price attempts to build on Thursday’s gains from a three-day losing streak. At press time, ETH recovered from a morning low of $3,296 and attempts to hold on to the $3,300 support level. The morning sell-off follows a morning rise to highs of $3,333.

On Thursday, ETH price halted a three-day losing streak with gains of 0.3% and settled at $3,276. The gains followed a morning sell-off from highs of $3,303 amid a broader market sell-off. Notably, the second-largest crypto coin recovered from morning lows of $3,233.

As observed on Wednesday, ETH price morning sell-off came after a morning rise to highs of $3,283 amid a broader market sell-off from morning highs. Notably, the second-largest crypto coin recovered from morning lows of $3,224 after Tuesday’s morning sell-off from highs of $3,273.

Sell-pressure on ETH price mounted on Tuesday morning after a morning rise to highs of $3,273. Notably, the second-largest crypto coin recovered from morning lows of $3,224 as observed on Monday morning after morning gains to highs of $3,253.

Sell-pressure on ETH price began mounting on Monday morning after morning gains to highs of $3,253. Notably, the second-largest crypto coin recovered from morning lows of $3,203 as observed on Sunday evening after morning sell-off from highs of $3,233.

Sell-pressure on ETH price began mounting on Sunday evening after morning gains to highs of $3,233. Notably, the second-largest crypto coin recovered from morning lows of $3,186 as observed on Saturday evening after morning sell-off from highs of $3,203.

Sell-pressure on ETH price began mounting on Saturday evening after morning gains to highs of $3,203. Notably, the second-largest crypto coin recovered from morning lows of $3,133 as observed on Friday evening after morning sell-off from highs of $3,186.

Sell-pressure on ETH price began mounting on Friday evening after morning gains to highs of $3,186. Notably, the second-largest crypto coin recovered from morning lows of $3,103 as observed on Thursday evening after morning sell-off from highs of $3,133.

Sell-pressure on ETH price began mounting on Thursday evening after morning gains to highs of $3,133. Notably, the second-largest crypto coin recovered from morning lows of $3,078 as observed on Wednesday evening after morning sell-off from highs of $3,103.

Sell-pressure on ETH price began mounting on Wednesday evening after morning gains to highs of $3,103. Notably, the second-largest crypto coin recovered from morning lows of $3,038 as observed on Tuesday evening after morning sell-off from highs of $3,078.

Sell-pressure on ETH price began mounting on Tuesday evening after morning gains to highs of $3,078. Notably, the second-largest crypto coin recovered from morning lows of $2,993 as observed on Monday evening after morning sell-off from highs of $3,038.

Sell-pressure on ETH price began mounting on Monday evening after morning gains to highs of $3,038. Notably, the second-largest crypto coin recovered from morning lows of $2