The price of Bitcoin and Ethereum have recently experienced substantial swings, reflecting the recent volatility of the cryptocurrency market. Investors and traders keep a close eye on how macroeconomic data affects the value of digital assets. The US Consumer Price Index (CPI) and Retail Sales numbers are the focus of attention today since they are predicted to shed light on the health of the US economy and inflationary pressures.
Today’s Ethereum Price
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | $ 1,638.18 |
Ethereum Price Prediction
Ethereum’s price is at $1,700, and a double top pattern is extending this resistance close to the $1,710 level. If ETH prices break through this level, they might move in the direction of $1,800.
Ethereum’s first support on the downside is at the $1,600 or $1,495 levels. The US CPI and retail sales statistics will be closely watched by investors today.
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