Ethereum Price Forecast: ETH Rebounds From Key Multi Year Support, Eyes $2,800 Target

The overall crypto market has rallied following Bitcoin’s rebound, which saw its price register an uptick above $90,000. Ethereum price predictions also went wild after the DeFi giant’s ecosystem saw trading volume on its network surge over 21% in a day.

From its current ETH price, the Ethereum price prediction forecasts a continuation of the rally with great potential for ETH to reach $3,000 by August this year.

Even so, these bullish Ethereum price predictions remain to be seen, given that ETH has historically stagnated in a tight consolidation zone even during a bull run while volume fluctuates. If ETH can flip the $1,700 zone into support, a breakout upwards could be imminent.

With Ethereum’s long-anticipated Dencun upgrade gaining traction and investor interest climbing, the fundamentals are beginning to align with technical signals. A shift in market sentiment could act as the final catalyst to push ETH beyond its current ceiling.

Ethereum price predictions turn bullish as buying pressure builds up

The bulls are making a strong comeback to Ethereum, as seen by its increasing buying pressure coupled with rising trading volume. As trader attention towards Ethereum increases, Ethereum price predictions are catching up to Bitcoin’s, with some forecasting a rebound above $3,000 before August of this year.

Furthermore, Ethereum’s selling pressure is declining, as seen by the dip in short CME positions. Could these developments bring about a bullish resurgence for ETH this quarter?

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Image Source: The Block

Obviously, Ethereum has to surpass established resistance levels at $2,532 and $2,835; however, now that critical support is forming around the $1,550 zone, a continuation of the bullish pressure can lead to further upside for ETH.

Ethereum’s RSI also suggests that ETH’s leg down is exhausted, as seen by its approach towards oversold regions in the chart below. RSI levels above 44 register a strong bullish momentum forming for ETH, leaving most Ethereum price predictions optimistic about a possible resurgence in the coming weeks.

With bullish signals and strong on-chain trends, investors see Ethereum as a core DeFi asset, not just a speculative bet.

Image Source: TradingView

Remittix surpasses expectations with a presale that raised over $14.5M

Remittix’s PayFi solution is gaining traction among investors as its presale raises over $14.5 million, sparking increasing excitement around RTX. In a world where the remittance industry is expected to be worth over $250 trillion by 2027, Remittix is leading the charge with a PayFi solution that combines the blockchain with local payment networks.

The ongoing RTX presale offers investors 50% of RTX’s 1.5 billion total supply. With RTX currently priced at  $0.0757, the next price for RTX is set to rise to $0.0781, so now is the best time to enter a position at discounted rates.

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