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Ethereum (ETH) Price Prediction for April 6
The price of Ethereum (ETH) is approaching a crucial support level at $1,796, which if broken and the daily bar closes below it, may trigger a decline to $1,780 in the near future. The hourly chart suggests that the bears are gaining strength, with sellers becoming more powerful than buyers.
From a midterm perspective, the situation remains bearish as well. A breakout of the $1,754 level could lead to a deeper correction, potentially targeting the $1,600 mark. As of now, Ethereum is trading at $1,794.
It’s essential for investors and traders to be aware that this forecast is subject to change based on market conditions and new information.
Source: https://u.today/ethereum-eth-price-prediction-for-april-6
