Ethereum‘s price is fluctuating between $1,150 and $1,200. We can forecast future market price movements by looking for a break out of this range.
Despite the global crypto market cap increasing by 0.60 percent to $812.94 billion the day before, major cryptocurrencies were trading in the red early on December 19. The total market volume for cryptocurrencies during the previous 24 hours was $21.44 billion, a decrease of 23.51 percent.
DeFi’s overall 24-hour volume was $1.17 billion, or 5.46 percent of the total crypto market volume. $19.30 billion was the total volume of all stablecoins, which is 90.04 percent of the 24-hour volume of the cryptocurrency market.
Today’s Ethereum Price
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | $ 1,171.80 |
Ethereum Price Prediction
The price of Ethereum is $1,181 at the moment, and its 24-hour trading volume is $3.9 billion. With a live market worth of $161 billion, Ethereum has increased by about 4% over the past day and is presently ranked second on CoinMarketCap.
Ethereum is trading turbulent on the 4-hour chart, holding a constrained range between $1,150 and $1,200. Ethereum may go below $1,150 as a result of the 50-day moving average’s extending resistance at the $1,240 level and the RSI’s continued holding in a selling zone.
On the downside, the next support for ETH is probably going to be around the $1,115 or $1,080 mark.
A price above $1,200, on the other hand, might expose ETH to the $1,235 mark.
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