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Ethereum (ETH) Price Prediction for Today

2d ago
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Ethereum-(ETH)-Price-Prediction-Analysis-This-Month
  • Ethereum price today trades near $4,245, holding above $4,200 support.
  • Smart Money Concepts shows BOS and ChoCH, highlighting short-term weakness.
  • Traders watch $4,200 and $4,380 as key levels for the next 24 hours.

Ethereum price today is trading near $4,245, holding a modest 0.6 percent gain in the past 24 hours. The move comes after ETH slipped out of its recent triangle structure on the 4-hour chart, placing immediate resistance near $4,380 and support around $4,200.

ETH Price Testing Key Support Levels

ETH price dynamics (Source: TradingView)

The Smart Money Concepts indicator shows a Change of Character (ChoCH) after ETH couldn’t go any higher earlier this week. This was followed by a Break of Structure (BOS) that showed short-term weakness. Around $4,205, equal lows are forming, making a liquidity pool where sellers might try to hit stops before the market turns around.

On the 4-hour timeframe, Ethereum has broken below its rising trendline and is now consolidating around the $4,200 support zone. The 20-EMA at $4,380 is acting as short-term resistance, while the 100-EMA near $4,200 is being retested. A close below this level could expose the $…

The post Ethereum (ETH) Price Prediction for Today appeared first on Coin Edition.

2d ago
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bearish:

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