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Ethereum (ETH) Price Prediction for February 15

Sellers are not able to seize the initiative yet, according to CoinStats.ETH chart by CoinStats

ETHUSD

The price of Ethereum ETHUSD has increased by 2.15% since yesterday.Image by TradingView

On the hourly chart, the price of ETH is in the middle of the local channel, between the support of $2,763 and the resistance of $2,828. However, if the daily bar closes near the upper level, one can expect a breakout, followed by a blast to the $2,900 zone.Image by TradingView

On the daily time frame, traders should pay attention to the yesterday's peak. 

If the bar closes below that mark, there is a chance of seeing a local correction to the $2,700 area.Image by TradingView

On the weekly chart, the price of ETH keeps rising after the breakout of the $2,500 zone. If the situation does not change, the accumulated energy might be enough for a test of the vital area of $3,000 soon.

Ethereum is trading at $2,813 at press time.


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