The global cryptocurrency market has been rather solid during the Asian trading day, with BTC maintaining around $23,000 and ETH returning above $1,550. Leading cryptocurrencies like Bitcoin and Ethereum are now trading within small price bands due to the lack of volatility as market players prepare for a busy week.
Today’s Ethereum Price
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | $ 1,609.14 |
Ethereum Price Prediction
The current live price of Ethereum is just under $1,600, and the ETH/USD pair is currently facing major resistance at $1,620, which is strengthened by the 50-day EMA. The pair could start a selling trend in ETH if it closes below this level.
The price of Ethereum is currently falling below its $1,570 immediate support level. The next support for Ethereum, if this one is breached, is $1,515. But, if the price of Ethereum above the $1,625 resistance level, it can increase to the $1,674 level.
The next substantial obstacle to price increase over this point is the $1,740 mark.
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