As of today, March 22nd, 2023, Ethereum (ETH) is trading at $1,811.41 against the US dollar (USD). However, the ETH/USD pair has experienced a drop of almost 0.50% over the last 24 hours, indicating some weakness in the market.
While Ethereum’s drop is less significant than that of Bitcoin, the cryptocurrency is struggling to break through the $1,800 resistance level and is hovering near the $1,700 support area. If the ETH/USD pair manages to break above $1,800, it is likely to face resistance at the $1,900 level.
On the downside, the ETH/USD pair is expected to find immediate support at either the $1,700 or $1,620 levels.
As for Ethereum’s future price prediction, it’s difficult to say with certainty. Cryptocurrency prices are notoriously volatile and subject to numerous factors, such as regulatory changes and global economic conditions. Therefore, it’s essential to conduct thorough research and consider multiple perspectives before making any investment decisions.
In summary, while Ethereum’s current price is at $1,811.41 against the USD, the cryptocurrency is facing some resistance in breaking through the $1,800 level. Investors should exercise caution and keep a close eye on Ethereum’s price movements to make informed investment decisions.