Ethereum Price Prediction Today, December 1, 2022: ETH/USD Gains Momentum to Thrust Upward

Better than expected, Ethereum has risen significantly upwards. It was earlier predicted that the ETH/USD price may range under the price level of $1,210. However, this crypto beat that expectation, and is now trading above that price level.

ETH Forecast Statistics Data:
Ethereum’s current price: is $1,279
Ethereum market cap: $157.52 billion
ETH circulating supply: 122.37 million
Ethereum total supply: 122.37 million
ETH Coinmarketcap ranking: #2

Main Price Levels:
Top: $1,279, $1,300, $1,320
Bottom: $1,250, $1,220, $1,200

Ethereum Price Prediction Today, December 1, 2022: ETH/USD Is Rising Upwards

Price activities in the ETH/USD market appears to be rallying towards the $1,300 level. The used Bollinger band indicator has now adjusted from a downward direction to a sideways direction. Consequently, this portrays that the market is shifting to a more favorable one for traders. Also, the Relative Strength indicator has now delivered what seems like a bullish crossover, on its way to the oversold region. This implies that the bulls are gaining strength, and more upside thrust may be supplied to price movement. Also, the lines of the RSI are now overbought, which increases the possibility of the price rising further upwards toward the $1,320 price level.

Ethereum Price Prediction Today, December 1, 2022: ETH/BTC Bounces Upward From 0.07170

Now on the ETH/BTC market, the price activity has rebound upwards after testing the support of 0.07170. With this, it appears as if the price action may have found significant strength to thrust through the higher resistance. The Stochastic Relative Strength Index lines have resumed their upward movement after it was about to give a bearish crossover. Additionally, the upward correction of the RSI indicator happens beyond the 75 levels of the indicator. Consequently, this predicts that the chances of  price reaching higher is significantly. Traders can prepare to see Ethereum versus Bitcoin price breaking above the 0.07710 level.

However, the Ethereum market has made a fair recovery, and this has assisted traders in recovering some realized losses. Nevertheless, here is another crypto with the possibility of delivering better performance. The Impact Token (IMPT) makes it easier for everyone to contribute to greener and more sustainable environment. Now is the fantastic opportunity to invest in the project. The IMPT presale is ongoing, and roughly 13.5 million has been raised so far.

Likewise, D2T token presale is live and it has realized close to $8 million. Dash 2 Trade (D2T) is a unified analytics platform for market-beating intelligence and features to take your trading experience to the next level. Additional team members have been onboarded, and its presale dashboard beta launching is coming soon.

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