Ethereum

Rally

Spot

Coin

<img width="1280" height="720" src="https://coingape.com/wp-content/uploads/2024/02/Ethereum-price-logo.jpeg" class="attachment-full size-full wp-post-image" alt="Ethereum price" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/02/Ethereum-price-logo.jpeg 1280w, https://coingape.com/wp-content/uploads/2024/02/Ethereum-price-logo-300x169.jpeg 300w, https://coingape.com/wp-content/uploads/2024/02/Ethereum-price-logo-1224x689.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/02/Ethereum-price-logo-768x432.jpeg 768w, https://coingape.com/wp-content/uploads/2024/02/Ethereum-price-logo-678x381.jpeg 678w, https://coingape.com/wp-content/uploads/2024/02/Ethereum-price-logo-150x84.jpeg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
ETH Price Prediction: Amid the latest crypto market surge, <a href="https://coingape.com/ethereum-into-eigenlayer-justin-sun-puffer-finance-take-the-lead/">Ethereum</a>, the second-largest cryptocurrency, experienced a notable influx, climbing from $2270 to $2492 within a week for an almost 10% increase. This rally broke through the neckline resistance of the ascending triangle pattern, signaling that the ETH price is set for further growth. 
Also Read: <a href="https://coingape.com/experts-forecast-ethereum-price-surge-to-19190-by-2030/">Ethereum Price Rally: Experts Foresee ETH to $4,887 by 2024, $19,190 by 2030</a> 
<h2 id="b-bullish-pattern-sets-eth-price-rally-to-2700-b">Bullish Pattern Sets ETH Price Rally to $2700</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/i/ijTxyvk2.png" alt="BINANCE:ETHUSD Chart" width="1815" height="836">
 <figcaption class="wp-caption-text">
 ETH Price Prediction| Tradingview
 </figcaption>
</figure> 
Amid the last two weeks of consolidation, the <a href="https://coingape.com/price/ethereum/">Ethereum price</a> formed a bullish continuation pattern called an ascending triangle in the daily chart. Utilizing the pattern’s support trendline, altcoin surged 14% within three weeks to currently trade at $2493. 
<blockquote>
 On February 7th, the coin price gave a decisive breakout from the $2390 neckline resistance, signaling the end of the correction trend. With sustained buying, the ETH price is likely to rechallenge the $2700 swing high.
</blockquote> 
However, despite a 0.32% gain, the daily candle shows a notable price rejection on the upside, indicating the possibility of a minor retest. This pullback can provide an entry opportunity for bullish traders. 
Also Read: <a href="https://coingape.com/ethereum-dencun-mainnet-upgrade-eth-breaks-2500-as-geth-releases-crucial-update/">Ethereum Dencun Mainnet Upgrade: ETH Breaks $2,500 As Geth Releases Crucial Update</a> 
<h2 id="is-ethereum-eth-currently-undervalued">Is Ethereum (ETH) Currently Undervalued?</h2> 
In Finder’s latest Ethereum Price Prediction, Pedro Febrero, VP of Web3, si at RealFevr, highlighted the price correlation between BTC and ETH, emphasizing that Ethereum’s advanced features compared to Bitcoin suggest <a href="https://coingape.com/just-in-ark-21shares-adds-staking-clause-to-ethereum-etf-filing/">ETH</a> is presently undervalued relative to BTC. 
“Ethereum still remains the most widely adopted ‘world computer,’ and its EVM the most popular development environment,” shares Febrero. “At the moment, [ether is] immensely underpriced vs. bitcoin; therefore, I expect a massive swing up in ETH/BTC once the market understands its capabilities (DeFi, NFTs, gaming, gambling).” 
<ul> 
 <li aria-level="1">Bollinger Band: The uptick in the upper boundary of the <a href="https://coingape.com/education/bollinger-band/">Bollinger Band indicator</a> reflects the aggressive buying trend in the market.</li> 
 <li aria-level="1">Average Directional Index: The rising ADX value at 16% reflects the buyers have sufficient momentum for high growth.</li> 
</ul> 
Related Article: <a href="https://coingape.com/markets/will-ethereum-price-hit-10k-with-spot-etf-approval-insights-from-chen-bitget-md/">Will Ethereum Price Hit $10k With Spot ETF Approval? Insights From Chen, Bitget MD</a> 
The post <a href="https://coingape.com/markets/eth-price-prediction-will-ethereum-coin-2700-in-week/">ETH Price Prediction: Will Ethereum Coin Surpass $2700 in Coming Week?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

ETH Price Prediction: Will Ethereum Coin Surpass $2700 in Coming Week?

Table of Contents

Coingape News Media

Other articles published on Feb 10, 2024

Amidst a Huge Kelexo (KLXO) Rush: Why Savvy Investors are Prioritizing It Over TRON (TRX) and Aav...

Altcoin Market Cap on the Verge of Confirming Bullish Pennant Breakout

Rabbit Swap Introduces Innovative Cross-Chain Swap Solution

Ethereum (ETH) price breaks $2,485 as anticipation grows for its game-changing Dencun upgrade

AI-Enhanced Attacks Surge by 54%, Warns Acronis Report

Increased Usage of Deepfake Videos in Cryptocurrency Scams

Join our free newsletter for daily crypto updates!