Ethereum (ETH) has been doing well on the market, and its price has been staying above $1,500. Because of this, the total value of all cryptocurrencies on the market has gone up. It is now worth $1.05 trillion, which is 0.91% more than it was the day before.
Even so, traders don’t seem to want to make any big deals before the US Federal Reserve says something. This post will talk about the current US Federal Open Market Committee (FOMC) and Fed rate, but it will also focus on predicting the value of bitcoin and the price of ether.
Since the beginning of the year, the cryptocurrency markets have been steady and flashing green. This may be because of the Federal Reserve’s possible “dovish” stance.
Related:Â ETH Price Prediction: The price of Ethereum today, January 24, 2023
Along with the upcoming interest rate hike by the Federal Reserve, DekaBank and Metaco’s plan to start selling digital assets to institutions will have a big effect on the crypto market.
How much does Ethereum cost today?
USD Today, January 1, 2015 $ 1,575.65 Ad
How much will Ethereum cost?
Ethereum is currently worth $1,572.48 and has been traded for $6.2 billion in the last 24 hours.Since then, its value has gone down by 0.03%, and it now has a market value of $192 billion, which puts it at number 2 on CoinMarketCap.
Technical research shows that Ethereum could have a good turn once it reaches the double-bottom support level of $1,540. On the plus side, there are still problems because there is strong resistance near $1,600. ETH could go as high as $1,625 if it gets past this point.
If the support level at $1,540 doesn’t hold, the price could fall all the way to the $1,500 level.
