Ethereum PoW Price Prediction – ETHW Price Estimated to Drop to $2.77 By Dec 09, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Ethereum PoW is down -3.05% today against the US Dollar
  • ETHW/BTC decreased by -3.54% today
  • ETHW/ETH decreased by -2.38% today
  • Ethereum PoW is currently trading 37.58% above our prediction on Dec 09, 2022
  • Ethereum PoW dropped -40.81% in the last month and is down -96.93% since 1 year ago
Ethereum PoW price $ 3.82
Ethereum PoW prediction $ 2.77 (-27.32%)
Sentiment Neutral
Fear & Greed index 26 (Fear)
Key support levels $ 3.71, $ 3.62, $ 3.45
Key resistance levels $ 3.98, $ 4.14, $ 4.24

ETHW price is expected to drop by -27.32% in the next 5 days according to our Ethereum PoW price prediction

is trading at $ 3.82 after losing -3.05% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.67% in the same time period. ETHW performed poorly against BTC today and recorded a -3.54% loss against the world’s largest cryptocurrency.

According to our Ethereum PoW price prediction, ETHW is expected to reach a price of $ 2.77 by Dec 09, 2022. This would represent a -27.32% price decrease for ETHW in the next 5 days.

ETHW Price Prediction Chart

Buy/Sell Ethereum PoW

What has been going on with Ethereum PoW in the last 30 days

Ethereum PoW has been displaying a negative trend recently, as the coin lost -40.81% in the last 30-days. The medium-term trend for Ethereum PoW has been bearish, with ETHW dropping by -92.49% in the last 3 months. The long-term picture for Ethereum PoW has been negative, as ETHW is currently displaying a -96.93% 1-year price change. On this day last year, ETHW was trading at $ 124.31.

Ethereum PoW reached its all-time high price on Aug 08, 2022, when the price of ETHW peaked at $ 128.25. The current ETHW cycle high is $ 4.18, while the cycle low is at $ 3.10. ETHW has been displaying high volatility recently – the 1-month volatility of the coin is at 23.85. Ethereum PoW recorded 11 green days in the last 30 days.

Ethereum PoW technical analysis for today – Dec 04, 2022

The sentiment in the Ethereum PoW markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 3.71, $ 3.62 and $ 3.45, while $ 3.98, $ 4.14 and $ 4.24 are the key resistance levels.

Neutral sentiment for Ethereum PoW

11 indicators are currently signaling a bullish prediction for Ethereum PoW, while 9 indicators are showing a bearish forecast. With 55% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Ethereum PoW.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 26 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Ethereum PoW moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Ethereum PoW is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 3.88 (SELL) $ 3.81 (BUY)
MA5 $ 3.66 (BUY) $ 3.79 (BUY)
MA10 $ 3.50 (BUY) $ 3.64 (BUY)
MA21 $ 3.58 (BUY) $ 3.80 (BUY)
MA50 $ 5.11 (SELL) $ 6.19 (SELL)
MA100 $ 13.48 (SELL) $ 11.79 (SELL)
MA200
Period Value Action
RSI (14) 41.62 NEUTRAL
Stoch RSI (14) 94.38 SELL
Stochastic Fast (14) 65.42 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 43.68 SELL
Awesome Oscillator (5, 34) -0.70 NEUTRAL
Momentum (10) 0.36 NEUTRAL
MACD (12, 26) 0.21 NEUTRAL
Williams Percent Range (14) -34.58 NEUTRAL
Ultimate Oscillator (7, 14, 28) 47.01 NEUTRAL
VWMA (10) 3.71 BUY
Hull Moving Average (9) 3.86 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 4.63 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Ethereum PoW is at 41.62, suggesting that ETHW is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Ethereum PoW over the last 50 days. Currently, Ethereum PoW is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ETHW closing price for the last 200 days. ETHW is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Ethereum PoW prediction

After considering the above factors, we can conclude that the current forecast for Ethereum PoW price prediction is Neutral. ETHW would have to decrease by -27.32% to hit our $ 2.77 target within the next five days. Moving forward, it will be important to monitor the ETHW market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Ethereum PoW price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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