ETH Price Prediction: Today’s Ehereum Price, 24th Jan 2023

As Ethereum and Bitcoin prices continue to rise, cryptocurrency market volatility has reached historic levels. Investors are looking for a trustworthy approach to forecast these price swings in light of the Shiba Inu’s meteoric rise and the way it has taken the globe by storm.

During the European session, Shiba Inu rose noticeably, climbing by more than 20% to a high of $0.0000129. This enthusiasm, however, was brief as it quickly returned to its initial price of $0.000011.

Today’s Ethereum Price

Ethereum Price Prediction

Ethereum has a market cap of $10 billion and is now trading at $1,549. Sadly, it has lost 1.50% of its value over this time, but it is still rather robust, ranking second on CoinMarketCap with a market worth of $189 billion. The

Ethereum has unable to break through the $1600 double top resistance zone, which has caused a surge in selling pressure that has driven its value down to $1,500. Bitcoin is going through a similar predicament.

At $1,500, Ethereum has the most immediate support. If this level is broken, selling pressure might increase until it reaches $1,440, which is based on its 38.2% Fibonacci retracement. ETH may be in danger of falling to the even lower level of $1,350 if this is also breached.

A rise to $1,660, which serves as a resistance level, is expected if $1,500 is used as the underlying support level.

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