The last days of the week are neutral for the cryptocurrency market because some coins are currently in red zon. While the prices of other coins are increasing.
There has been no change in the rate of ETH since yesterday. In the previous days, the price has increased by 3.19%.
Ethereum (ETH) Price Prediction
(ETH) The price of Ethereum has gone above the local resistance level ($1,242.84). Traders should now focus on hourly support at $1,218.55 If the ground continues to this point, the total rate can reach $1,199.06 zones.
Over large timeframes (ETH) Ethereum has not accumulated enough power for further movement. The price is still seen in the narrow range. It can be seen that there is neither bullish nor bearish singles.
If seen, the upward movement can only happen if the rate recovers from the support level to $1,230.77.
ETH Price Analysis Today
Looking at this weekly chart, the (ETH)Ethereum rate is the wrong breakout of support at $1,153.99. Traders are also thinking that they can expect to move to the most important zone close to $1,300 in the coming weeks.
(ETH)appears to be trading at $1,211.40Ethereum.