ETH Price Prediction: Today’s Ethereum Price, 20th Feb 2023

Investors are pondering if Bitcoin and Ethereum can break out and reach new highs after being trapped in narrow ranges for some time. Despite recent volatility, a number of encouraging signs suggest that BTC and ETH are poised for a significant rise.

Let’s take a look at some of the main cryptocurrency market fundamentals that can influence overall price movement.

Today’s Ethereum Price

Today 01 $ 1,694.17

The price of Ethereum is presently $1,701, with a 24-hour trading volume of $5.3 billion. In the last day, Ethereum has gained more than 0.10%. With a market cap of $208 billion, it is presently ranked second on CoinMarketCap.

ETH Price Prediction

During the Asian session, the ETH/USD pair is trading sideways within a narrow range of $1,670 to $1,720. The trend for Ethereum will be determined by whether or not this range is broken.

On the 4-hour time frame, Ethereum has formed an upward channel, which is supporting the ETH price near $1,650. If purchasing pressure increases, ETH might hit the $1,740 and $1,825 resistance levels, allowing it to cross the $1,720 milestone.

Today’s Ethereum Price

A break below $1,675 could widen the decline and push prices into $1,635 or $1,600 territory.


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