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Ethereum (ETH) Price Prediction for May 8

Thu, 8/05/2025 - 15:28
Has midterm rise of Ethereum (ETH) started yet?
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Ethereum (ETH) Price Prediction for May 8
Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Sellers are not ready yet to seize the initiative, according to CoinStats.

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Top coins by CoinStats

ETH/USD

The rate of Ethereum (ETH) has rocketed by 8.2% over the last day.

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Image by TradingView

On the hourly chart, the price of ETH has broken the $2,000 area. If the daily bar closes around that mark and with no long wick, growth may continue to the $2,100 zone.

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Image by TradingView

On the bigger time frame, the rate of the main altcoin is far from key levels. In this case, one should focus on the daily candle's closure in terms of its peak. 

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If it happens near $2,000, traders may witness an ongoing upward move by the end of the week.

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Image by TradingView

From the midterm point of view, the picture is also bullish. If the breakout of the $2,069 level happens, the accumulated energy might be enough for a test of the $2,200-$2,400 zone.

Ethereum is trading at $2,003 at press time.

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