The Ethereum price is still consolidating between two critical obstacles, with no signs of breaking out. This trend could change because ETH is on the verge of bursting through a sturdy support level.
Today’s Ethereum Price
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | 1348.08 |
Ethereum Price Prediction
Since September 18, the Ethereum price has been stuck at $1,440 and $1,280. As noted in the last post, ETH is still trading dangerously near the lower limit, and a further drop in Bitcoin price could precipitate a collapse.
Ethereum price may retest the September 21 swing low at $1,220 if it breaks the $1,280 support. This will finish the triple-tap setup. This technical setup deviates below a swing low. After this sweep, the asset frequently fails to rise, retesting the original swing low.
After retesting the first swing low, the rally approaches buy-stop liquidity above. Ethereum price is yet to create the last leg, which might boost ETH by 10% to the first equal high at $1,343.
Ethereum price may target the buy-stop liquidity above $1,402 if the momentum continues. From $1,220, this would be a 15% gain.
Ethereum price may fall and find support at $1,200.
