ETH Price Prediction: Today’s Ethereum Price, 16th Feb 2023
In the past few days, the prices of most major cryptocurrencies, like Bitcoin and Ethereum, have gone down. Because of this, Bitcoin has already dropped below $22,000 and is continuing to go down, and the total value of all cryptocurrencies on the market is getting close to $1 trillion.
ETH Price Prediction
As the day goes on, the US CPI numbers, which could cause big price changes on the cryptocurrency market, will remain the market’s main concern.
Today’s Ethereum Price
How much will Ethereum cost?
The current live price of Ethereum is $1,500, and $8.1 billion worth of it is traded every 24 hours. CoinMarketCap is currently number 2 in the world, with a live market cap of $183.78 billion.
Ethereum is currently trading at $1,500, which is the 38.2% Fibonacci retracement level and also a double-bottom support level. If the candles close above $1,500, there is a chance that the price will go up to $1,560.
The current resistance level was caused by a break in an upward channel that happened in the past. If ETH goes above $1,560, it could reach $1,600 or $1,680.
Breaking through $1,560 would help keep the price of Ethereum steady and make it easier to trade ETH. If this isn’t done, the price of ETH could fall, maybe as low as $1,435.