Ethereum Price Is Stagnant as It Fluctuates Below $1,678

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Ethereum ETH) Current Statistics
The current price: $1,634.73
Market Capitalization: $199,723,541,766
Trading Volume: $8,260,129,351
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000

Ethereum (ETH) Price Analysis January 23, 2022
The price of Ethereum (ETH) is stable and above the $1,600 support level as it fluctuates below $1,678. The next resistance level at $1,678 was retested on January 21 and the cryptocurrency price declined. Bulls bought the dips as the altcoin retraced to the low of $1,501. The largest altcoin has been trading between $1,500 and $1,700 since January 20. At the resistance of $1.678, Ether is significantly overbought. As the market approaches overbought territory, there hasn’t been much upward movement. If price breaks below the $1,500 support, Ether will fall to its previous low at $1,352. This is due to Ether’s price action in the past, which saw resistance at this level on October 29 and November 4. If Ether’s price overcomes resistance at $1,678, the largest altcoin will rise to a high of $1,800.

Ethereum Price Is Stagnant as It Fluctuates Below $1,678
ETH/USD – Daily Chart

ETH Technical Indicators Reading
The level of the Relative Strength Index for ETH/USD is 75. It is barely moving upward and is in the bullish trend zone. Price bars that are above moving average lines can be used to explain the altcoin’s upward movement. Ether may decline as it trades in the overbought region of the market. A bullish momentum is present for the altcoin above the daily Stochastas level of 30.


Conclusion
Ether is currently oscillating between $1,500 and $1,700 as it fluctuates below $1,678. The largest altcoin may fall as a result of its resistance at the overbought area during other price movements. The small body of erratic candlesticks is the cause of the price movement’s stagnation.

Ethereum Price Is Stagnant as It Fluctuates Below $1,678
ETH/USD – 4 Hour Chart

You can purchase crypto coins here. Buy LBLOCK


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.