The Ethereum price prediction shows that ETH is moving to the upside as any cross above the $1500 price mark is expected.
Ethereum Prediction Statistics Data:
- Ethereum price now – $1252
- Ethereum market cap – $152.9 billion
- Ethereum circulating supply – 121.5 million
- Ethereum total supply – 121.5 million
- Ethereum Coinmarketcap ranking – #2
ETH/USD Market
Key Levels:
Resistance levels: $2000, $2200, $2400
Support levels: $600, $400, $200
ETH/USD is trading at $1252 after recording an intraday high at $1258 during the European session today. Looking at the daily chart, ETH/USD is hovering above the 9-day and 21-day moving averages after the beginning of today’s trade at $1192.
Ethereum Price Prediction: ETH Price Heads to the Upside
Since the beginning of this month, after the Ethereum price touched the monthly high of $1275. Since then, the coin has been moving sideways, trading at the $1252 level. In the meantime, the Ethereum price may move towards the upper boundary of the channel to touch the nearest resistance at $1500.
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However, the Ethereum price may begin to do well and cross above the channel as the price could hit the resistance levels at $2000, $2200, and $2400 respectively. Meanwhile, should the technical indicators decide to make a quick turn to the south, there may be a cross below the lower boundary of the channel and the bearish drop may likely roll the market down to the support levels of $600, $400, and $200 but the Relative Strength Index (14) is crossing above the 50-level, heading to the north.
When compared with Bitcoin, the Ethereum price may focus on the upward movement within the channel. ETH/BTC is currently trading at 5989 SAT as the coin heads to the resistance level of 6000 SAT, the next key resistance may likely be at 7000 SAT and above.
![](https://insidebitcoins.com/wp-content/uploads/2022/07/ETHBTC_14072022.png)
On the downside, a possible bearish movement below the 9-day and 21-day moving averages may likely come into play, and the support level of 5000 SAT and below could be visited. Meanwhile, the market is having a bullish day today because the Relative Strength Index (14) indicator moves to cross above the 60-level, suggesting more bullish signals.
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