Ethereum (ETH) Shows Upside Potential Toward IDR32.9 Million According to Analysts
Jakarta, Pintu News – Ethereum has shown significant technical strength, with the price currently above IDR29.9 million (US$1,820) and the 100-hour simple moving average (SMA). This movement signals further upside potential towards the psychological level of IDR32.9 million (US$2,000).
Technical Indicators Support Uptrend
The ETH/USD price chart shows an uptrend line with support around IDR29.8 million (US$1,810), which serves as dynamic support. In addition, the MACD indicator is in the bullish zone, and the RSI is above the 50 level, indicating positive momentum.
If ETH manages to break resistance at IDR30.3 million (US$1,850), then the next targets are IDR31.7 million (US$1,920) and IDR32.1 million (US$1,950). A rise above these levels could pave the way to IDR32.9 million (US$2,000) or even IDR33.7 million (US$2,050) in the near future.
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Price Correction Risk
However, if ETH fails to break the resistance at IDR30.3 million (US$1,850), then the price may correct. Initial support is at IDR30.1 million (US$1,825), with primary support at IDR29.8 million (US$1,810).
A drop below this level could push the price towards IDR 29.2 million (US$1,780) or even IDR 28.8 million (US$1,750). Therefore, it is important for investors to monitor these support and resistance levels in making investment decisions.
Conclusion
Ethereum is showing potential price gains towards IDR32.9 million (US$2,000), supported by positive technical indicators. However, investors should remain wary of possible price corrections and monitor key support and resistance levels. Careful technical analysis can help in making better investment decisions.
Also Read: Robert Kiyosaki Highlights Potential Market Crisis, Calls Bitcoin (BTC) Superior to Gold
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Aayush Jindal / NewsBTC. Ethereum Price Ready to Surge-$2,000 Level Could Be Within Reach. Accessed May 9, 2025
- Featured Image: Tech Daily Feed Mail
