Ethereum (ETH) Price Prediction for February 29

by Marco Stracke

The say stays bullish in the marketplace, in response to CoinMarketCap.



The price of Ethereum (ETH) keeps rising, going up by 3.80%.


On the hourly chart, the bolt of ETH has fashioned a neighborhood resistance level of $3,501. Within the in the meantime, one ought to lift discontinuance payment to the day by day closure. If it occurs removed from that trace, there may be a likelihood to peep a neighborhood correction to the $3,400 zone.


On the larger timeframe, the price of the leading altcoin has made a false breakout of yesterday’s high at $3,487.

On the opposite hand, if the bar closes above it, the rise is at possibility of proceed to the $3,600-$3,700 home rapidly.


From the midterm level of peek, merchants ought to lift discontinuance payment to the closest resistance level of $3,582. If the weekly candle closes with no long wick, the upward transfer may perchance just lead to the test of the mandatory zone of $4,000 next month.

Ethereum is procuring and selling at $3,479 at press time.

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