![]() Since November 2022, the pair has been marking higher lows, and the $1,900-$2,000 range has been functioning as significant technical and psychological resistance levels. The horizontal level of $1,906 is currently posing resistance to the ETH/USD pair. Ethereum Could Break Above the Ascending Channel ETH/USD Chart Outlook. The bulls have an excellent opportunity to enter the ETH market at the right time to garner high returns. Moreover, the Relative Strength Index (RSI) of the period (14) momentum oscillator supports this bullish move, surpassing its neutral line of 50 to trade at 57. The short-term 50-day SMA trading at $1,822 is expected to reach $2100. The ETH price seems to have received support from the 50-day SMA at $1,826, enabling the bulls to gear up for a surge.īased on our technical analysis, the 200-day SMA is trading at $1,676 and is expected to rise in the next month and reach $1,900. Furthermore, the 50-day moving average has been signaling a BUY for the past nine days, since June 21, 2023. The bullish momentum strengthens as the 200-day SMA supports the $1,645 level, causing the price to rebound further past the 50-day moving average. According to the chart above, the 200-day SMA has been displaying a BUY signal for the past 14 days, starting on June 15, 2023, at $1,438. This indicates that bullish momentum is on the rise. The Ethereum (ETH) price appears highly promising, supported by its technical aspects and bullish indicators.Įthereum (ETH) is trading above the 50-day and 200-day simple moving averages (SMA). ETH Indicators Gear Up For Bullish Momentum This increase in price appears to have triggered momentum that could potentially lead to a significant rise in the coming weeks. Subsequently, it has recently shown renewed upward movement, reaching as high as $1,900. The Ethereum price experienced a period of stability after surpassing the $1,700 mark. In such a scenario, the crypto market, including the Ethereum price, could experience continued growth over the upcoming months. ![]() This outcome is particularly likely if central banks loosen their monetary policies once again and halt interest rate hikes. If positive market developments persist, the current price increase may prove to be sustainable. If history repeats itself, there is a possibility that the Ethereum price could indeed reach the $5,000 mark and establish a new all-time high in 2023. The year 2023 holds potential for a robust rally within the next half of year, drawing parallels from the great performance witnessed in 2020.ĭuring that period, the price of Bitcoin tripled, while Ethereum experienced a fourfold increase. The overall sentiment is a bullish one and we expect to see a lot from BNB, and indeed Binance itself in 2022.Join Our Telegram channel to stay up to date on breaking news coverage Several other coin prediction websites had similar price targets ranging from $850 to well over $1000. What are the price predictions for Binance Coin in 2022 – do we expect to see BNB make new highs? With BNB currently sitting around $523, see potential for $997 by the end of 2022, which would be a 90% increase. Should these predictions pan out, EverGrow alone could be responsible for billions of dollars of BNB demand in 2022. Such use cases add more and more value to Binance Coin itself, particularly when you consider than many analysts see EverGrow as the potential next 100x for 2022. In addition, the project has paid over $30 million of BUSD rewards to their holders since launch. This new project, which still sits at a very modest $400 million market cap, can be purchased by swapping either BNB or BUSD (Binance’s USD pegged currency) for EGC on Pancakeswap. As an example, EverGrow, which was launched just 3 months ago, has already accumulated 120,000 holders, and has been responsible for 1.3 million transfers on the Binance Smart Chain. Projects like Radio Caca (RACA) and EverGrow crypto (EGC) were amongst the most purchased on Pancakeswap in 2021. Beyond that was the success of new projects based on Pancakeswap, that were alone responsible for more transactions on BSC than the Ethereum network achieved in total throughout the whole year. 2021 was a big year for BSC, thanks in part to Ethereum’s slow speeds and high fees seeing many users move over to BSC. Within Binance’s ecosystem is Binance Smart Chain (BSC), a blockchain that runs smart contract-based applications. ![]() ![]() Binance has an estimated 30 million users, with its peak daily volume touching $76 billion in 2021. What is BNB, why did it see such significant gains and what do we predict Binance Coin’s price to be in 2022? BNB is the native token of Binance Exchange, the world’s largest exchange by daily volume that was co-founded by Changpeng Zhao in 2017. Binance Coin (BNB) saw gains of over 13,000% in 2021, compared to Bitcoin up a modest 65%. ![]()
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