Bitcoin, the world’s biggest cryptocurrency, has battled to maintain its upward trajectory and has fallen below $24,000 in the last day, down from its peak of $25,100, due to a dramatic market reversal. Following in the footsteps of Bitcoin, Ethereum has been steadily declining over the last 24 hours.
ETH Price Prediction
As the cryptocurrency market continues to be volatile, all eyes are on the FOMC) meeting minutes, which are scheduled to be released today. The settlement of this scenario is expected to have a significant impact on the market, particularly the values of bitcoin and ether.
Today’s Ethereum Price
The ETH/USD pair is presently in a bearish trend after falling below the chart’s choppy range of $1,675 to $1,725. The 38.2% Fibonacci retracement level of $1,630 is considered to be the next support level for Ethereum.
Ethereum Price Prediction
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | $ 1,613.77 |