Ethereum price prediction has seen a 2.28% price increase over the past 24 hours, surpassing the key $3,100 level. The token, which has exceeded the critical level in the last situation, has been given a rising note today. If ETH manages to maintain its bullish rating, it could stay above the $3,100 level and surpass the $3,300 level. There is a very critical process for the altcoin leader, it seems that it can exceed the $ 3,300 level, while there is also the possibility of losing the $ 3,000 level.
According to data from CoinMarketCap, Ethereum’s trading volume has fallen by 13.31% in the last 24 hours, while the token’s market cap has increased by 2.47%. Also, Market Dominance decreased to 19.38% as the Volume/Market Cap Ratio was 0.03794.
The daily candle for Ethereum opened at $3,093 and reached $3,126. Also, the coin has a daily low of $3,043. At the time of writing, ETH is trading at $3,118.
Ethereum Price Analysis on Daily Chart
Ethereum price analysis for April 20 has been evaluated by considering data from 3 main indicators in the chart below.
The MACD indicator is below the MACD line signal line, but the two are converging, indicating that a bullish divergence is likely.
The RSI indicator is below 50, indicating that the bears are in control of the ETH price action.
Price action is at the lower end of the Bollinger Bands and there is a near retest of the middle zone.
Ethereum price analysis for April 20, 2022, it is important that ETH, which has regained the important level of $ 3,100, does not drop its value below this zone.