Ethereum Price Forecast: ETH / USD Hits New High at $ 2,979, Preparing to Break $ 3,000

ETH Price Forecast – On May 2, Ethereum (ETH) began its rally with a break above the key resistance level near $ 2,950 as the coin continued to rise to hit the $ 2,979 resistance. Key ETH / USD Market Levels: Resistance Levels: $ 3200, $ 3300, $ 3400 Support Levels: $ 2600, $ 2500, $ 2400 ETHUSD – Daily Chart Yesterday ETH / USD, a significant increase allowing the coin to exceed 2950 USD This momentum has increased significantly as the crypto continues to rise today. The current performance of the currency indicates that an upward move was added a few years ago. It is only a matter of time before this cryptocurrency reaches a high of $ 3000 in the near term. What to Expect from Ethereum Over the past few days, Ethereum has risen from $ 2,216 to $ 2,979, simultaneously heading towards the upper limit. channel as you type. The current trend could rise a little before the start of the new week and the coin could possibly reach the nearest resistance $ 3,200, but if the bulls put more effort into it, it could reach additional resistance levels. $ 3,300 and $ 3,400 respectively. . However, the bearish trend could bring the market back below the 9-day and 21-day moving averages as well as the initial support level of $ 2,800. Meanwhile, the support levels to watch out for are $ 2,600, $ 2,500 and $ 2,400. As the volume increases, the RSI technical indicator (14) enters the overbought territory, which could provide more bullish signals in the market. Compared to Bitcoin, Ethereum is still trading above the 9- and 21-day moving averages near the upper limit of the channel. The price changes hands at 5255 SAT as the RSI technical indicator (14) enters the overbought zone. However, the daily chart shows that buyers continue to dominate the market and the pair has begun to break above the channel. ETHBTC – Daily Chart On the positive side, resistance levels to hit are 5700 SAT and above. Conversely, a weaker sustainable movement is likely

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