Ethereum Price Prediction: ETH Past $3200, Looks To Push Above 50-Day SMA

Daily Ethereum ETH Technical Analysis

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Last Updated February 9th 2022
3 Min Read
  • The Ethereum price is currently up by nearly 3%, as buyers look to push ETH towards $3300. 
  • ETH has been extremely bullish in recent sessions and had pushed up by over 11% on Friday. 

The Ethereum price remained bullish as it surged past $3200, with ETH eyeing the $3300 level. ETH had surged by over 11% on Friday and then registered a marginal increase on Saturday to settle at $3015. Sunday saw ETH remain bullish, as the price pushed up by 1.40%, ending the weekend at $3057. The current week started with ETH remaining bullish, rising to $3141, before pushing past $3200 during the ongoing session. 

Ethereum Price Chart Indicates ETH Looking To Push Towards $3300 

The Ethereum price started the previous weekend on a fairly positive note, rising by over 2% on Saturday and then registering a marginal increase on Sunday to end the weekend at $2605. ETH remained bullish on Monday, rising by over 3%, and then registered an increase of nearly 4% on Tuesday, rising to $2789. At this level, the 20-day SMA was acting as resistance, and LTC fell back, dropping to $2680 on Wednesday before registering a marginal increase on Thursday and rising to $2696.

Image: ETH/USD daily

ETH/USD daily chart 020922

The Ethereum price continued to remain in the green on Friday, as it surged by over 11%, pushing past the 20-day SMA and settling at $2996, and then registering a marginal increase on Saturday to move past $3000, settling at $3015. Sunday saw ETH continue to push higher, rising to $3057 and then registering an increase of nearly 3% on Monday, rising to $3141. ETH has slipped below $3200 during the current session, as sellers managed to push the price down marginally.

We can see that the MACD is currently bullish, but if ETH drops back from its current level, we could see it flip to bearish.

IntoTheBlock’s IOMAP for the Ethereum price shows us that ETH has strong support at around $2782. At this price level, over 797,000 addresses have bought more than 9.6 million LTC.

Image: IntoTheBlock 

ETH/USD volume chart 020922

The 4-hour Ethereum price chart shows us that ETH had pushed up to $2789 on the 2nd. After reaching this level, the price turned bearish and fell back, dropping to $2664 and then slipping below the 20-bar SMA, falling to $2600. At this level, the 50-bar SMA was acting as support, and ETH registered a significant recovery, rising to $2696. The price continued to push higher from this level as it surged past the 20 and 200-bar SMAs, rising to $3054 on the 5th. ETH registered a marginal fall from this level, dropping to $2993, before recovering and pushing up to its current level of $3179.

We can see that the Parabolic SAR is currently bullish, but if ETH falls back from its current levels, we could see it flip to bearish.

Image: ETH/USD 4-hour

ETH/USD 4-hour chart 020922

Ethereum Price Is Expected To Reach These Levels

The Ethereum price chart shows us that ETH has been extremely bullish over the past few sessions and had pushed past $3200. However, the price has dropped below $3200 thanks to the 50-day SMA acting as resistance. If ETH is unable to push past $3200, we could see the price fall back towards $3100.