ETH may break out of its tight trading range if the coin price hits $2,200. The 50 EMA had crossed over the 200 EMA, suggesting a bullish breakout in the mid to long-term. If ETH fails to flip the $2,042 resistance, the price may drop to $1,994. Crypto analyst Altcoin Sherpa told his 198,900 X followers that the price of Ethereum (ETH) would reach $3,000 in the next few months. Sherpa, who sounded confident of his prediction, referred to ETH’s historical price action. In backing up his point, the analyst noted that the ETH price has not closed above $2,200 in about a year and a half. He added that this altcoin’s inability to hit the said value would be the reason leading to the projected breakout. $ETH : This one is so obvious to me. It's going to go to $3000+ within the next few months and there's nothing you can do about it. No 1W close above this $2200 level in 1.5 years, ofc it's going to break it given the landscape. #Ethereum pic.twitter.com/lnhAyj5UKj — Altcoin Sherpa (@AltcoinSherpa) November 29, 2023 ETH Forms a Golden Cross  At press time, ETH’s value was $2,038. Earlier in the week, the coin broke above $2,100. However, negative market sentiment coupled with some selling pressure pushed the price back below $2,100. At the same time, ETH’s ability to hold on to the $2,000 range could serve as a sign of mild strength, especially as the cryptocurrency languished between $1,800 and $1,900 for a long period. In the short term, it is likely for ETH to keep trading between $1,800 and $2,100. But in the next few months, as Sherpa said, the ETH/USD daily chart showed that the altcoin has the potential to break out of this tight trading range. This assertion was taken from the Exponential Moving Average (EMA). At press time, the 50 EMA (blue) had crossed over the 200 EMA (yellow). This upward crossover or golden cross possesses properties linking a bullish breakout for establishing a long-term uptrend.  ETH/USD Daily Chart (Source: TradingView) A Short-Term Decline Is Nearby So, if ETH finally hits $2,200 and is accompanied by strong buying pressure, there is a possibility that it might reach $3,000. However, the road to a potential $3,000 price may not be linear. Therefore, traders might need to watch out for pullback in between.  Meanwhile, ETH’s short-term outlook is not exactly tilting bullish. According to the 4-hour chart, bulls have been unable to take bears out of the way in establishing an uptick. Also, there was a strong resistance at $2,042, which was responsible for pushing ETH back. Bulls will likely attempt to flip the resistance. At the same time, sellers may resist. Should ETH get rejected again, there is a chance that it might drop to $1,994. Additionally, the Relative Strength Index (RSI) was 46.64, indicating weakness for the altcoin. As long as the RSI remains below the 50.00 midpoint, ETH may find it hard to retest $2,100. ETH/USD 4-Hour Chart (Source: TradingView) The possibility was also corroborated by the Awesome Oscillator (AO), which had dropped into the negative region. The AO reading is a sign of increasing downward momentum, which is not good for ETH’s short-term bullish prospects. The post ETH to $3,000? Here’s What the Technical Outlook Suggests appeared first on Coin Edition.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum Classic is down -3.41% today against the US Dollar ETC/BTC decreased by -2.15% today Ethereum Classic is currently trading 10.38% below our prediction on Dec 02, 2023 Ethereum Classic gained 15.30% in the last month and is down -6.52% since 1 year ago Ethereum Classic price $ 18.73 Ethereum Classic prediction $ 20.90 (8.94%) Sentiment Bearish Fear & Greed index 66 (Greed) Key support levels $ 18.78, $ 18.43, $ 18.04 Key resistance levels $ 19.52, $ 19.91, $ 20.26 ETC price is expected to rise by 8.94% in the next 5 days according to our Ethereum Classic price prediction Ethereum Classic price today is trading at $ 18.73 after losing -3.41% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.76% in the same time period. ETC performed poorly against BTC today and recorded a -2.15% loss against the world’s largest cryptocurrency. According to our Ethereum Classic price prediction, ETC is expected to reach a price of $ 20.90 by Dec 02, 2023. This would represent a 8.94% price increase for ETC in the next 5 days. ETC Price Prediction Chart Buy/Sell Ethereum Classic What has been going on with Ethereum Classic in the last 30 days Ethereum Classic has been displaying a positive trend recently, as the coin gained 15.30% in the last 30-days. The medium-term trend for Ethereum Classic has been bullish, with ETC increasing by 18.71% in the last 3 months. The long-term picture for Ethereum Classic has been negative, as ETC is currently displaying a -6.52% 1-year price change. On this day last year, ETC was trading at $ 20.04. Ethereum Classic reached its all-time high price on May 06, 2021, when the price of ETC peaked at $ 165.75. The current ETC cycle high is $ 45.11, while the cycle low is at $ 12.63. ETC has been displaying low volatility recently – the 1-month volatility of the coin is at 6.74. Ethereum Classic recorded 19 green days in the last 30 days. Ethereum Classic technical analysis for today - Nov 27, 2023 The sentiment in the Ethereum Classic markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 18.78, $ 18.43 and $ 18.04, while $ 19.52, $ 19.91 and $ 20.26 are the key resistance levels. Bearish sentiment for Ethereum Classic 12 indicators are currently signaling a bullish prediction for Ethereum Classic, while 18 indicators are showing a bearish forecast. With 60% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Ethereum Classic. Crypto market is currently experiencing Greed Currently, the Fear & Greed index is at 66 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity. Ethereum Classic moving averages & oscillators Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Ethereum Classic is positioned in the market right now. Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 19.27 (SELL) $ 19.13 (SELL) - - MA5 $ 19.14 (SELL) $ 19.19 (SELL) - - MA10 $ 19.16 (SELL) $ 19.18 (SELL) - - MA21 $ 19.37 (SELL) $ 19.00 (SELL) $ 17.12 (BUY) $ 17.55 (BUY) MA50 $ 17.41 (BUY) $ 18.03 (BUY) $ 18.53 (BUY) $ 19.16 (SELL) MA100 $ 16.51 (BUY) $ 17.41 (BUY) $ 23.11 (SELL) $ 22.03 (SELL) MA200 $ 17.22 (BUY) $ 17.75 (BUY) $ 24.10 (SELL) $ 22.16 (SELL) Period Value Action RSI (14) 57.03 NEUTRAL Stoch RSI (14) 23.80 NEUTRAL Stochastic Fast (14) 44.97 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 39.33 BUY Awesome Oscillator (5, 34) 0.72 NEUTRAL Momentum (10) -0.45 SELL MACD (12, 26) -0.16 NEUTRAL Williams Percent Range (14) -55.03 NEUTRAL Ultimate Oscillator (7, 14, 28) 50.12 NEUTRAL VWMA (10) 19.17 BUY Hull Moving Average (9) 18.68 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 19.19 NEUTRAL The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Ethereum Classic is at 57.03, suggesting that ETC is currently neutral. The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Ethereum Classic over the last 50 days. Currently, Ethereum Classic is trading below the SMA 50 trendline, which is a bearish signal. Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ETC closing price for the last 200 days. ETC is now trading below the SMA 200, signaling that the market is currently bearish. The bottom line about this Ethereum Classic prediction After considering the above factors, we can conclude that the current forecast for Ethereum Classic price prediction is Bearish. ETC would have to increase by 8.94% to hit our $ 20.90 target within the next five days. Moving forward, it will be important to monitor the ETC market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Ethereum Classic price predictions click here. Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

The price of Shiba Inu has increased by 1.5% over the course of the last twenty-four hours, and its recent climb to $0.00000831 coincides with the larger cryptocurrency market posting a gain of 2.5% today. While the meme token has only increased by 2.5% since the beginning of the year, SHIB has already increased by 4% in a week and by 3.5% in the previous 30 days. This is despite the fact that the year has only just begun. Despite the fact that this rise is insignificant in contrast to the year-to-date returns that other prominent tokens (such as Bitcoin, Ethereum, XRP, and SOL) have produced, Shiba Inu has introduced a number of significant new upgrades this year, which has strengthened its fundamentals in preparation for future growth. 2024 has the potential to be a very significant year for SHIB, as the primary developer, Shytoshi Kusama, has outlined four improvements that will be released in the future. Prediction of the Shiba Inu Price, with Four Major Updates Being Teased — Is It Possible for SHIB to Reach $1? At the moment, the indicator of SHIB is in a precarious position, which is consistent with either more increases or additional declines. Over the course of the past week, its relative strength index (RSI) has decreased to 50, and despite a little uptick in the days prior, it appears to be stuck at the same level of moderate. It is possible that this indicates that it does not possess the momentum to make more gains in the near future. This is also possible for its 30-day average (yellow), which is having difficulty rising above its 200-day (blue) average. Additionally, it is possible that the fact that its support level (green) saw a substantial drop on November 21 is relevant, as this may indicate that it may not be durable against any future dips. The trajectory of the larger market, which may increase over the next few weeks, particularly if the SEC gives its approval to a Bitcoin exchange-traded fund (ETF), is likely to be the determining factor in SHIB's fortunes. On the other hand, this does not indicate that the price of Shiba Inu will not continue to slowly increase in the more distant future. This is because the currency has welcomed a number of significant launches this year, including those for Shibarium and for its own naming service. And yesterday saw the publication of an interview with Shytoshi Kusama, in which the developer detailed four areas in which SHIB is expected to receive important changes in the next months. The interview was conducted by Kusama. In particular, the Shiba Inu ecosystem will pursue "absolute decentralization" in the year 2024. This will involve the implementation of more democratic governance across all four coins, as well as elections that are led by the community. In addition to this, the developer intends to make SHIB's user experience (UX) more user-friendly and to give it with a more powerful protection against frauds, which will include self-sovereign identification and privacy protections. To put this into perspective, the introduction of such features, in conjunction with the eventual debut of SHIB: The Metaverse, might potentially result in a significant increase in the price of the Shiba Inu in the year 2024. #ShibaInuUpdate #BTC #crypto2023