- Relative Strength Index: The RSI is currently at a healthy 41 points. This signals some sideways trading up ahead.
- Bollinger Bands: The price is also within the bands' range, however it's touching the lower band. This means the price will try to rebound slightly, at least until the MA line.
- Volume: There is very little volume for Ethereum at the time of writing, most likely attributed to the fact that it's the weekend. This means the market most likely won't make any major moves anytime soon.
Ethereum Price Prediction
The RSI, BBs and Volume are all signalling a sideways market up ahead. Combine that with the news that Ethereum is gearing up for ETH 2.0, and we should anticipate some bullish momentum in the coming weeks.
My prediction is that ETH will trade at the $200-$210 level for the next few days, before testing new support at higher levels.
Read Full Ethereum Price Analysis and Prediction: Cryptomode