Ethereum was trading close to $1,544.48 and down 4.93%. However, there may be a variety of causes for the extended decrease.
Whether it is the heightened risk of hacking in the cryptocurrency business or the most recent worry that the United States may prohibit crypto staking, everything has had a negative effect on cryptocurrencies.
Today’s Ethereum Price
Ethereum Price Prediction
Ethereum currently has a price of $1,550 and a $9.8 billion 24-hour trading volume. Ethereum has decreased by more than 5% during the past 24 hours. With an active market worth of $189 billion, CoinMarketCap is presently ranked #2.
The price of ETH has fallen to $1,525 as the ETH/USD pair broke through a symmetrical triangle formation that had been providing resistance at $1,675. Currently acting as a support, this level could see a bullish bounce-off today if these candles close above it.
The immediate resistance level for Ethereum is still above $1,600 or $1,650, which is a positive. On the other hand, a break below $1,520 might push the price of ETH down near the 1,475 region.
On the other side, a fall below $1,620 may expose BTC to as low as $1,550.