Join Our Telegram channel to stay up to date on breaking news coverage
The Ethereum price prediction shows ETH moving above the $1,700 level, and it is currently changing hands at $1,717.95.
Ethereum (ETH) Statistics Data:
- Ethereum price now – $1,717.95
- Ethereum market cap – $210.1 billion
- Ethereum circulating supply – 122.3 million
- Ethereum total supply – 122.3 million
- Ethereum Coinmarketcap ranking – #2
ETH/USD Market
Key Levels:
Resistance levels: $2200, $2400, $2600
Support levels: $1300, $1100, $900
Your capital is at risk
ETH/USD is currently trading above the $1,700 level as the number two crypto faces the path of development. For the past few weeks, the Ethereum price has been moving sideways as the trades within the channel. At the moment, the Ethereum price is hovering above the 9-day and 21-day moving averages at $1,717 with 5.03% gains in the last 24 hours.
Ethereum (ETH) Breaks to the Upside as Tamadoge (TAMA) Goes Bullish
According to the daily chart, the Ethereum price is yet to display strong bullish momentum in the past few days. Nevertheless, the good thing is that the coin is likely to begin the movement to the upside. Meanwhile, the Ethereum price needs to stay above $1,700 consistently for the next few days to regain the proper bullish momentum as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.
Moreover, the Ethereum price only needs to conquer a few crucial resistance levels of $1800 and $2000 to stay comfortably at the top. Therefore, if the coin closely manages these levels, it could reach the potential resistance levels at $2200, $2400, and $2600. On the downside, if the bears step back into the market, ETH/USD may likely drop below the lower boundary of the channel, any further bearish movement could drag the coin to the critical support levels at $1300, $1100, and $900.
Against Bitcoin, the Ethereum price is rising to slide below the 9-day moving average. Presently, the coin is changing hands at 8077 SAT as the technical indicator Relative Strength Index (14) crosses below the 60-level.
However, the daily chart revealed that sellers are likely to have the day as the support level to be reached could be 7400 SAT and below. On the contrary, a higher sustainable move towards the upper boundary of the channel may cancel the bearish pattern and could attract new buyers to hit the resistance level at 9300 SAT and above.
Tamadoge is combining the fun of Tamagotchi with the play-to-earn mechanics made possible with NFT technology applied to gaming. Earlier this week, the project completed the sixth phase on the project in which the coin was priced from 1 USDT to 44 TAMA. The price has since increased, to 1 USDT buying 40 TAMA. There will be nine tranches of token sales in all, with the price increasing at each stage. 711 million tokens have been sold so far out of a total of 1 billion that is available in the presale out of a total supply of 2 billion.
Related:
Join Our Telegram channel to stay up to date on breaking news coverage
