Cryptocurrency

ETH/USD Price Struggles to Stay Above $1000


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The Ethereum price prediction shows that sellers swing into action amid calls for revenge, and the bearish action hits the daily low at $1078.

Ethereum Price Statistics Data:

  • Ethereum price now – $1,105
  • Ethereum market cap – $135.3 billion
  • Ethereum circulating supply – 122.3 million
  • Ethereum total supply – 122.3 million
  • Ethereum Coinmarketcap ranking – #2

ETH/USD Market

Key Levels:

Resistance levels: $1500, $1600, $1700

Support levels: $800, $700, $600

At the time of writing, ETH/USD is trading down 3.06% at its current price of $1105.51, which marks a notable decline from its daily high of $1143 that was set today when the bulls attempted to push the coin to the north. In the near term, the Ethereum price could find the nearest support at the $1000 level, as the market price remains below the 9-day and 21-day moving averages.

Ethereum Price Prediction: ETH Price May Continue to Look Bearish

The Ethereum price is trading below the 9-day and 21-day moving averages, waiting for a drop toward the lower boundary of the channel. Meanwhile, the coin may need to move above the resistance level of $1200 to give the second-largest crypto a boost above $1400 before reaching the important resistance levels at $1500, $1600, and $1700.

On the downside, the technical indicator Relative Strength Index (14) has a bearish feel heading towards the oversold region. The first support level could be located at $1000, and if this level is cleared, Ethereum can make an additional bearish cross below the lower boundary of the channel. Moreover, the critical support levels could be found at $800, $700, and $900 respectively.

When compares with BTC, the Ethereum price is still hovering below the 9-day and 21-day moving averages at 6988 SAT. However, the technical indicator Relative Strength (14) is moving to cross below the 40-level as bears remain the dominant of the market at the moment as the coin seems to be moving towards the south.

ETHBTC – Daily Chart

On the upside, any bullish movement above the upper boundary of the channel could push the coin to hit the resistance level of 7500 SAT. However, a lower sustainable move may delay the bullish pattern and this could attract a new seller into the market with the next focus at 6000 SAT and below.

Meanwhile, aside from the above analysis, the IMPT token presale is still live, and close to $13.5 million has been realized so far. In addition, the IMPT team has announced a giveaway promo of $100K IMPT. This is not something you may want to miss.

However, D2T token presale is also ongoing, and a novel platform like Dash 2 Trade would have red-flagged the FTX disaster. This is an innovative bundle of tools: analytics, metrics, signals, auto-trading, and analysis tools. Presently, the D2T presale is still on, as it has raised close to $7 million.

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