Join Our Telegram channel to stay up to date on breaking news coverage
The Ethereum price prediction reveals that ETH is at the moment keeping its upward movement by heading toward the upper boundary of the channel.
Ethereum Price Statistics Data:
- Ethereum price now – $1,393.90
- Ethereum market cap – $173 billion
- Ethereum circulating supply – 122.3 million
- Ethereum total supply – 122.3 million
- Ethereum Coinmarketcap ranking – #2
ETH/USD Market
Key Levels:
Resistance levels: $1700, $1800, $1900
Support levels: $1200, $1100, $1000
ETH/USD is now heading toward the upside as the coin trades above the 9-day and 21-day moving averages. The daily chart reveals that the coin pushes above the moving averages today from the opening price of $1343 level to reach the daily high at $1402 before coming back to where it is currently trading at $1393.
Ethereum Price Prediction: Ethereum (ETH) May Create a New Trend
As revealed by the daily chart, the Ethereum price is moving towards the upside as the coin moves to cross above the upper boundary of the channel. Meanwhile, ETH/USD remains in a bullish position despite being predictably rejected from the resistance level of $1402. However, as long as the Ethereum (ETH) continues to trade above the moving averages, it presents more of a chance of upward movement; although a break below it may signal a new bearish phase in the market.
Therefore, if we could see a tremendous climb above the channel which is fast approaching; it may likely reach the resistance at $1700, $1800, and $1900 levels. Meanwhile, sliding towards the south could reach the critical support levels at $1200, $1100, and $1000 respectively while the technical indicator Relative Strength Index (14) moves to cross above the 60-level.
Against Bitcoin, Ethereum (ETH) is beginning a bullish movement and it’s already hovering above the 9-day and 21-day moving averages. Before this time, the coin has been suffering from a strong buying power as the bulls are trying to gain momentum but the sellers keep releasing huge pressure on the market. For now, Ethereum (ETH) is trading around 7077 SAT which is within the channel.
Currently, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level, and should the bulls manage to find resistance at this level, an upward movement could push the price to the potential resistance level of 8000 SAT and above. But, any bearish movement below the moving averages could lead the market price to support 6200 SAT and below.
The first phase of the IMPT presale is currently underway, with each token trading at $0.018. However, the Impact tokens will be sold at $0.023 each in the second stage. And the price of the asset is expected to increase further in the third stage.
The Dash 2 Trade presale got off to a great start, having now raised over $2 million in just a few days. In the first stage, the price was only $0.0476, and now it has gone to $0.05. In the third stage of the presale, the price will rise again to $0.0513.
Related:
Join Our Telegram channel to stay up to date on breaking news coverage
