During the Asian trading session, the cryptocurrency market was fairly stable, with BTC keeping a price of around $23,000 and ETH returning above $1,550. As market participants get ready for a busy week, popular cryptocurrencies like Bitcoin and Ethereum are currently trading within narrow price bands as a result of the lack of volatility.
The ETH/USD pair is presently encountering significant resistance at $1,620, which is supported by the 50-day EMA and is just under the live price of Ethereum, which is currently just under $1,600. If the pair closes below this level, there may be a selling tendency in ETH.
ETH Price Prediction
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | $ 1,609.14 |
At this time, the price of Ethereum is declining below the $1,570 immediate support mark. If this support is broken, $1,515 will be the next one for Ethereum. However, the price of Ethereum may rise to the $1,674 level if it rises above the $1,625 barrier level.
Today’s Ethereum Price
The $1,740 threshold represents the following significant barrier to price growth beyond this point:
