Tuesday, September 26, 2023
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ETH/USD Soars Above $1600 Level

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Ethereum price predictions show Ethereum to head higher, but current levels may determine where the coin goes next.

Ethereum forecast statistics:

  • Current Ethereum Price – $1592.80
  • Ethereum market cap – $194.4 billion
  • Ethereum Circulating Supply – 122.3 Million
  • Total Ethereum Supply – 122.3 Million
  • Ethereum Coinmarketcap Ranking – 2nd Place

ETH/USD Market

Main levels:

Resistance levels: $2000, $2200, $2400

Support levels: $1300, $1100, $900

At the time of writing, ETH/USD could turn negative if the bears make a significant return to the market.of ethereum price It has failed to create new highs above the $1640 resistance level.If there is short-term selling pressure, Ethereum could probably tackle it and make a comeback at the levels above.

Ethereum Price Prediction: Can Ethereum (ETH) Head South?

According to the daily chart, ethereum price A slight break below the high of $1640 and increased selling pressure could lead the price to a new low of $1500. On the other hand, if the buyer can sustain the bullish momentum, Ethereum price could rise above the channel and he could reach resistance levels of $2000, $2200 and $2400 respectively.

Therefore, if the bulls fail to push the coin higher, a downswing below the moving averages is likely as the Relative Strength Index (14) moves below the 70 level. $1300, $1100, and $900 support.

Against Bitcoin, Ethereum’s price is likely to fall, and if the bears try harder, it could break below the 9-day and 21-day moving averages. The Relative Strength Index (14) is currently moving away from the overbought territory, suggesting a bearish move.

ETHBTC – daily chart

From above, a bullish move above the channel’s upper boundary could cause the coin to hit the 9000 SAT and above resistance level, but if the bulls fail to push the coin higher, the sellers could push it to the 6800 level. It can be lowered to the support level.Below Sat.

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