Bitcoin (BTC) and Ethereum (ETH), the two biggest cryptocurrencies in the world, are still trading above $24,000 and $1,600, respectively. But when they woke up this morning, Bitcoin had gone down a little, from $25,000 to $24,000.
ETH Price Prediction
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | $ 1,699.19 |
As the cryptocurrency market continues to change, investors are paying close attention to the meeting minutes of the Federal Open Market Committee (FOMC) that will be made public this week.
There’s a chance that the good news about the US economy could be behind the recent drop in cryptocurrency prices. This makes it more likely than before that the Federal Reserve will stick to its goal of tightening monetary policy.
Today’s Ethereum Price
After finding support near $1,650, the ETH/USD pair has been going in a good direction. On the 2-hour time frame, Ethereum has formed a symmetrical triangle. This shows that the market is uncertain and has kept the price of ETH in a choppy range.
Ethereum Price Prediction
Ethereum could reach $1,720 if it bounces back up from $1,650 in a good way. A bullish breakout above $1,720 and the formation of a symmetrical triangle could also cause the price to go up. In either case, the price range between $1,760 and $1,800 is likely to act as a barrier.
Today’s Ethereum Price
This suggests that investors may be waiting for a big news story, like the release of the FOMC meeting minutes, to come out before making predictions about how the market will move in the future.
