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Ethereum price prediction: Traders can expect the price to reach $500

TL:DR Breakdown

  • Ethereum price currently trading at $474.04.
  • Price continues movement in the ascending channel.
  • Price is expected to cross $500 level in the next two days.

Ethereum price prediction: Today’s price overview

Ethereum price opened at $482.79 with high bullish momentum. The buyers seemed to be in control of markets but failed to break through the resistance level. After rejecting the price declined sharply and has been consolidating since. Currently, the price is trading at $474.07, showing a 1.8 percent decline from the day’s opening price.

Ethereum price: last 24 hours’ overview

Ethereum price prediction: Traders can expect the price to reach $500 1

Ethereum price opened the day, continuing the bullish momentum of yesterday. However, the bulls faced resistance at $488.00, as shown by the first arrow, and failed to break through. However, the bulls defended the $484.00 level and charged above. After breaking through above $492.00, the buyers met strong resistance shown by the second arrow.

The price was strongly rejected at the level which erased the gains of the past several hours. Since then, the bulls have been unable to retain control of the price, and the price has been consolidating below $483.

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