ETH Price Prediction: The price of Ethereum today, January 24, 2023
As the prices of Ethereum and Bitcoin continue to rise, the volatility of the cryptocurrency market has reached levels not seen before. Due to the Shiba Inu’s meteoric rise and the way it has taken the world by storm, investors are looking for a reliable way to predict these price swings.
Shiba Inu went up a lot during the European session, rising by more than 20% to a high of $0.0000129. This excitement, however, didn’t last long because the price quickly went back to where it started, which was $0.000011.
Today’s Ethereum price is DATE: ETC: USD: Today: 01 $ 1,617.59.
How much will Ethereum cost?
Ethereum is worth $1,549 and has a market cap of $10 billion. It has lost 1.50 percent of its value in that time, which is sad, but it is still a strong currency, ranking second on CoinMarketCap with a market value of $189 billion. The
Ethereum hasn’t been able to break through the $1600 double-top resistance zone. This has led to a lot of people selling, which has pushed its price down to $1,500. The same thing is happening with Bitcoin.
Related: ETH Price Prediction: Ethereum Price Today, January 21, 2023
Ethereum has the most support right now at $1,500. If this level is broken, there could be more selling pressure until it hits $1,440, which is the 38.2% Fibonacci retracement. If this level is also broken, ETH could fall to the even lower level of $1,350.
If $1,500 is used as the support level, the price is likely to go up to $1,660, which is the resistance level.