In the past few weeks, the price of Ethereum has changed quickly, making the cryptocurrency market go up and down like a roller coaster. Since the market is still unpredictable, it’s important to know what’s going on so you can make smart choices.
Whales just moved about $743 million worth of cryptocurrency, which could be a sign that prices are about to go up or down. This article tells you what you need to know about this change and how it might affect the price of Ethereum in the future.
How much does Ethereum cost today?
DATE ETC TODAY IN USD: 01 $ 1,623.34
How much will Ethereum cost?
Ethereum costs $1,664 right now, and $5.9 billion worth of it changes hands every 24 hours. Also, its value has gone up by 0.50 percent in the last 24 hours. CoinMarketCap says that Ethereum, which has a market cap of about $203 billion, is the second-most valuable cryptocurrency.
The price of the ETH/USD pair hasn’t changed much in the last few days. Right now, it moves between $1,650 and $1,685. If the price goes above this range, it could go as high as $1,720.
Related: ETH Price Prediction: What the price of Ethereum will be on February 4, 2023
Moving Average Convergence/Divergence (MACD) and Relative Strength Index (RSI) indicators have started to point in opposite directions, which could mean a change in trend. One sign says to buy, and the other says sellers should be on the lookout for people who want to buy.
With values over $1,620, the 50-day Exponential Moving Average suggests a possible bullish trend and a rise in coin prices.
