Ethereum ETH) Current Statistics
The current price: $1,607.55
Market Capitalization: $196,708,299,649
Trading Volume: $8,700,359,800
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000
Ethereum (ETH) Price Analysis February 24, 2023
Ethereum (ETH) price has fallen in the area between the moving average lines as it revisits the $1,500 low. The moving average lines are being traded by Ether. On the downside, if the biggest altcoin is caught between the moving averages, the drop will come to an end above $1,500. If the price of the cryptocurrency rises over the 21-day moving average line, the bullish momentum will return. The altcoin fell to a low of $1,575.50 on February 24 before recovering. When it gets closer to the SMA’s 50-day line, the present fall has resumed. On the other hand, the drop will continue to the bottom of $1,200 if the bears’ breach below the moving average lines. As long as it is restrained between the moving average lines, it will be forced to move in a range. For instance, if price breaks below the 50-day SMA, the decline will restart.
ETH Technical Indicators Reading
The Relative Strength Index for Ether has fallen to level 48 for period 14. In a bearish trend, Ether could fall. Moreover, the range-bound move could begin because Ether is confined to the moving average lines. The oversold area has been reached by the altcoin. At this time, it is at a daily stochastic level of 20.
Conclusion
Ethereum is currently falling and has achieved bearish fatigue as it revisits the $1,500 low. The cryptocurrency is now back in the range-bound region where it was. At levels 1,500 and 1,700, the alternative currency will trade. Ether will trend if these thresholds are crossed. Buyers will be attracted to lower levels of price.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.