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Ethereum

Ethereum Price Analysis

The Ethereum price prediction shows that ETH is still struggling to cross above the channel as the entire market takes a brief pause.

Ethereum Prediction Statistics Data:

  • Ethereum price now – $1543.77
  • Ethereum market cap – $188.9 billion
  • Ethereum circulating supply – 122.3 million
  • Ethereum total supply – 122.3 million
  • Ethereum Coinmarketcap ranking – #2

ETH/USD Market

Key Levels:

Resistance levels: $2000, $2200, $2400

Support levels: $1300, $1100, $900

ETH/USD is currently changing hands at $1543 and it is likely to climb above the daily high of $1558 soon. Ethereum has remained relatively flat for the past few days as bulls and bears are contending for the $1500 support level. The daily high remains at $1558 with the lowest support level located at $1515 in the short term.

Ethereum Price Prediction: Ethereum Price May Head to the Upside

According to the daily chart, the Ethereum price keeps hovering within the 9-day and 21-day moving averages; if the Ethereum price breaks above the upper boundary of the channel, it could test an important resistance at $1700. However, if the coin is stable above this barrier, it is likely to rise toward the $2000, $2200, and $2400 resistance levels in the coming sessions.

As the technical indicator Relative Strength Index (14) moves around the 60-level, which means that the market is likely to head to the upside, but, if there is a bearish break below the 21-day moving average, ETH/USD could test the nearest at $1400 support. Moreover, any further losses could lead the price toward the $1300, $1100, and $900 support levels.

When compares with Bitcoin, the Ethereum price is currently moving within the 9-day and 21-day moving averages as the market keeps changing trends; approaching the higher boundary of the channel. Meanwhile, the technical indicator Relative Strength Index (14) is revealed above the 60-level, a slight bullish confirmation

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