Ethereum has remained mostly unchanged at $1,220 during the Asian session, as the market appears to have low volatility and trading volume ahead of the Christmas holidays.
The market cap of all major cryptocurrencies on December 23 was essentially unchanged from the day before at $810.53 billion. The total volume of the cryptocurrency market rose 12.46% in the previous day to $28.94 billion.
The entire volume in DeFi was $1.63 billion, or 5.64% of the cryptocurrency market’s 24-hour volume. The total 24-hour volume of the cryptocurrency market was $26.33 billion, or 90.97% of the total volume of all stablecoins.
Today’s Ethereum Price
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | $ 1,224.11 |
Ethereum Price Prediction
The price of Ethereum is currently $1,222, and its 24-hour trading volume is $5.5 billion. With a live market valuation of $149 billion, Ethereum has increased by around 0.50% over the past 24 hours and is presently ranked second on CoinMarketCap.
Ethereum has been battling below $1,220 on the 4-hour chart, and the closing doji and bearish engulfing candle suggest a potential negative reversal.
Ethereum has immediate support levels at $1,180 and $1,150.
The bearish trend might continue all the way to $1,150 if the $1,180 support level is broken. If the price of Ethereum increases above $1,220, the bullish trend might extend until it surpasses $1,270.
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