Ethereum

Show

April

Resistance

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Ethereum network crypto’s price is trading below all major EMA’s and around the Demand zone.</a> </li> 
 <li> <span>2</span> <a>The price of the ETH crypto is trading at $1662.9 and the 52-week range is $1150 – $2140. </a> </li> 
</ul> 
<p>Ethereum Network crypto surged by 0.31% in market value and by 7.30% in trading volume in the last 24 hours, as per the Coinmarketcap, a crypto data analysis website. Its market value is $199,915,285,186 and its trading volume is $4,329,294,712. There are 120,211,068 ETH in circulation.&nbsp;</p> 
<p>The ETH crypto has not performed well in the last month, decreasing by 10.91% and surging by 1.19% in the last six months.&nbsp;</p> 
<p>Ethereum crypto’s (ETH) open interest is $5.16 Billion. According to Coinglass, another crypto analysis website, it fell by 0.98% in the previous session. The long versus short ratio in Ethereum crypto for 24 hours is 0.9531.</p> 
<p>Ethereum (ETH) has a fully diluted valuation of $200,024,972,353. This is a hypothetical market cap, assuming all 120 Million ETH tokens are circulating today. This is as per the crypto data, information, and analysis website Coingecko. However, reaching the actual FDV in Ethereum may take years, depending on how the ETH tokens are distributed over time.</p> 
<h2 class="wp-block-heading" id="strong-eth-crypto-price-technical-analysis-in-the-1-day-timeframe-strong"><strong>ETH Crypto Price Technical Analysis in the 1-Day Timeframe</strong></h2> 
<p>The price action shows that Ethereum crypto ( BITSTAMP: ETH) price took support at $1371 as liquidity was present at this level, price showed a swift uptrend and reached a high at $2140 by April 16th, 2023. Thereafter, Ethereum faced resistance and followed the trendline and traded lower with the CMP falling even lower.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/XE8TZGWjzUK-oMreklAdyxiE8xr-6VeT9cqLknkquyANeLOpqjiYVMxCDBnlcUiWR1LqZeVPYU-fmF_gfMMAafYyyOA8bOPDKbK4K2Dj_olDN-5Gt6VNta7GgLF767OX7V9nsf65QxNEDrZP9QpxcM4" alt="ETH Price Prediction 2023: Can Ethereum Show A Comeback?"> 
  <figcaption class="wp-element-caption">
    Source: ETH/USD.1D.BITSTAMP by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publication, the ETH crypto’s current price is trading around the nearest demand zone at $1662.9, on this level liquidity is present and buyers tried to rescue its fall. As noticed earlier, a specific candle made a large wick giving traits of liquidity. Therefore, either The Ethereum price will consume liquidity and crash downwards or it might take support and ascend in upcoming weeks.</p> 
<p>If the ETH crypto price sustains the current level and increases, then it might hit the nearest resistance levels of $1816.7 and $1898.7.</p> 
<p>However, if it fails to sustain the current level in Ethereum. The <a href="https://www.thecoinrepublic.com/2023/08/16/ex-goldman-sachs-executive-compares-solana-with-eth-in-2018/" rel="noopener noreferrer nofollow">ETH </a>crypto price could continue to move downwards and reach the nearest support at $1629.0 and $1549.9.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/Fb2KtrIt9CDLLAj7o2d9HEEWo7FDWImnK5EwYR5aqSXyVt4sbqb-GnwN1-nTcEw2cJr1gC1HXCesxx0A99l4VEmBUTaU13KcmYF182Y9AS8Se3DwZ6ICmN6v6okpkf4Foxa3WFWG-b8klrxj-4A5_xw" alt="ETH Price Prediction 2023: Can Ethereum Show A Comeback?"> 
  <figcaption class="wp-element-caption">
    Source: ETH/USD.1D.BITSTAMP by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At press times, the <a href="https://www.thecoinrepublic.com/2023/08/16/ex-goldman-sachs-executive-compares-solana-with-eth-in-2018/" rel="noopener noreferrer nofollow">ETH crypto</a> price (BITSTAMP: ETH) is trading beneath the 20, 50, 100, and 200-day exponential moving averages, which are declining the ETH crypto price trend. Hence, ETH crypto price prediction estimates the prices to move downwards, indicating a bearish outlook over the daily time frame chart for its price.<br></p> 
<p>The MACD line at 51.6 and the signal line at 34.8 is below the zero line both lines crossed each other and a bearish crossover is observed in the MACD oscillator, suggesting bearish signals. The current value of the RSI is 24.52 points and the 14-day SMA is below the median line at 35.75 points, which indicates bearish sentiments as RSI took rejection on the 14 SMA line and headed for the oversold zone and highlighting bearishness in the market for the Ethereum price.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>ETH crypto price prediction highlights the bearish sentiments and perspectives of investors and traders regarding ETH crypto in the daily (1-D) time frame. Ethereum price action highlights a downward view at the time of publishing. Moreover, the most sought and reliable technical parameters such as RSI, MACD, and EMA for the Ethereum price hint at the continuation of the downtrend over the daily time frame chart and gives negative signals regarding the ETH crypto price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support levels: </strong>The nearest support levels are $1629.0 and $1549.9.</li> 
 <li><strong>Resistance levels: </strong>The nearest resistance levels are $1816.7 and $1898.7.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

ETH Price Prediction 2023: Can Ethereum Show A Comeback?

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