- Ethereum has broken the ceiling of the short-term downtrend, indicating a slower initial descent. The currency is currently positioned between support at 1635 points and resistance at 1720 points.
- In case of negative reactions, there will be support at 1640 points. Volume peaks and troughs align well with price peaks and troughs.
- Today’s Ethereum price is $1,683.53, with a trading volume of $3,224,103,392 in the last 24 hours. Ethereum has gained 1% in the last 24 hours.
Ethereum price gains significant momentum with ETF news: What is the next target for ETH? Current ETH analysis!
Short-Term ETH Analysis
Ethereum has broken the ceiling of the short-term downtrend, indicating a slower initial descent. The currency is currently positioned between support at 1635 points and resistance at 1720 points. In the short term, ETH is generally considered neutral from a technical perspective.
Medium-Term ETH Analysis
Ethereum has broken the ceiling of the medium-term downtrend channel. This initially indicates a slower descent rate or the beginning of a more horizontal development. The currency is moving within a rectangular formation between support at 1574 points and resistance at 1924 points. A definite breach of either of these levels will indicate a new direction for the currency.
The currency has surpassed the 1640-point resistance level. This predicts further upward movement. In case of negative reactions, there will be support at 1640 points. Volume peaks and troughs align well with price peaks and troughs, strengthening the currency. In the medium term, ETH is generally considered positive from a technical perspective.
Long-Term ETH Analysis
Ethereum has broken the base of the long-term rising trend channel, indicating a slower initial rate of upward movement. The currency is moving within a rectangular formation between support at 1574 points and resistance at 1924 points. A definite breach of either of these levels will indicate a new direction for the currency.
The currency has broken the 2000-point support level. This predicts further downward movement. In case of positive reactions, there will be resistance at 2000 points. In the long term, ETH is generally considered negative from a technical perspective.
Ethereum Price
Today’s Ethereum price is $1,683.53, with a trading volume of $3,224,103,392 in the last 24 hours. Ethereum has gained 1% in the last 24 hours. According to the current CoinMarketCap ranking, Ethereum is ranked 2nd with a market capitalization of $202,423,304,218. There are 120,237,299 ETH tokens in circulation, and the maximum supply is not available.
