Ethereum (ETH) price prediction today: Will it surge past $2,200?

 

Please note: The video above is set to start at the 02:02, featuring an in-depth technical analysis of Ethereum (ETH).

• Hypothesis: Ethereum is nicely positioned for a long-term swing trade. The price is currently magnetised around the 61.8% Fibonacci retracement of the recent bull market swing from the October lows to the recent highs. At the $2,200 level, we see a strong opportunity to build a position, as ETH could be undervalued at this point, especially considering its institutional interest and the ongoing competition with Solana.
• Key level: $2,200
• The play: Begin building a position within this price region. This could be done through spot buys or even using light leverage (e.g., 2x) to capitalise on this perceived undervaluation. Setting limit orders around this key level is also a viable strategy.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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What is ethereum: Ethereum (ETH) is a groundbreaking decentralized platform that facilitates the creation and execution of smart contracts and decentralized applications (dApps) without the need for intermediaries. Launched by Vitalik Buterin in 2015, Ethereum's innovative blockchain technology enables a wide range of applications and has become a cornerstone of the decentralized finance (DeFi) space. Ethereum's ATH is $4,868. 

How to buy eth:

• Via Centralized Exchange (CEX):
  1. Select a CEX like Binance, Coinbase, or Kraken.
  2. Sign up and complete any verification processes.
  3. Deposit funds into your account.
  4. Go to the ETH trading section and purchase ETH.