Ethereum
Ethereum (ETH) Price Prediction for April 28
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Most coins face a bounce on the last day of the week, according to CoinMarketCap.
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ETH/USD
The price of Ethereum (ETH) increased by 4.72% in the last 24 hours.
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On the hourly chart, the ETH rate is returning to the recently formed resistance level of $3,327. If the daily bar closes nearby, the accumulated energy could be enough for a breakout to the $3,400 range.
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Bulls are also powerful over a longer period of time. For now, we need to focus on the daily bar.
If the candle closes around current prices and without long wicks, there is a chance to see a further rise towards the $3,400-$3,500 area.
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From a medium-term perspective, it is too early to think about an uptrend, even if the weekly bar closes above the previous candle peak. In this case, sideways trading in the $3,300-$3,500 zone is the most likely scenario for the next week.
Ethereum is trading at $3,310 at press time.
About the Author
Denys Serhiichuk
With over 5 years of experience in trading, Denys has in-depth knowledge of technical and fundamental market analysis. He mainly started his blog on TradingView, where he posts all the relevant information and makes predictions about major coins.
Thus, his experience is enhanced by his work in leading blockchain-related companies such as W12, Platinum Listing, ATB Coin and others, which can be contacted at denys.serhiichuk@u.today.