According to CoinCodex, technical analysis indicators for the Ethereum price were bullish at the time of writing, with 25 indicators giving bullish signals and compared with eight giving bearish signals. At around $2,600, the coin was trading above the three- and five-day simple and exponential moving averages, although it remained below the 10-50 day moving averages. There is short-term support around $2,268, with resistance at $2,828 and above.
The Ethereum forecast from Digitalcoin remains bullish, predicting the price will average $3,722 in 2021 and rise to $4,650 in 2022. Over the longer term, it projects the price will climb to average $8,047 in 2025 and $11,671 in 2028.
Algorithm-based forecasting service Wallet Investor has revised down its ether forecast from the $3,200 level at the start of June to $2,070.95, rising to $2,949.99 at the end of the year. It predicts the price will move back above the $4,000 mark in 2022, ending the year at $4,512.71, then reaching $9,202.42 by the end of 2025.
The ether price prediction from the Economic Forecast Agency, which had projected the price would fall to $2,746 by the end of May, now expects it to end the month at $2,644. It predicts the price will fall to $2,639 by the end of June, before taking off to $6,247 by the end of 2021. It estimates the price will peak at $10,997 in October 2022, then fall to $7,863 by the end of December 2022, $6,624 at the end of 2023 and $4,118 by the end of 2024.
