ETH Price Prediction: Today’s Ehereum Price, 1st Dec 2022

Web Desk

01st Dec, 2022. 12:33 am
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The second-most valued cryptocurrency, Ethereum, is likewise increasing in value and recently reached $1,270 after deviating from a symmetrical triangular pattern.

The value of the world’s cryptocurrencies grew by nearly 4% the day before to $853 billion, and major cryptocurrencies were trading in the green early on November 30. The total volume of the crypto market, in contrast, decreased by almost 1.0% during the past 24 hours to reach $47.37 billion.

DeFi’s whole 24-hour volume was $2.89 billion, or 6% of the total volume in the cryptocurrency market. The total 24-hour volume of the cryptocurrency market was $44.77 billion, or 94% of the total volume of all stablecoins.

Today’s Ethereum Price

DATE	ETC	USD
Today	01	1,294.17

Ethereum Price Prediction

Ethereum currently has a price of $1,269 and a $8 billion 24-hour trading volume. During the previous day, Ethereum increased by around 5%. With a live market cap of $155 billion, CoinMarketCap presently holds the #2 position. There are currently 122,373,866 ETH coins in circulation.

Ethereum has rallied in the last four hours after reaching $1,150, where it completed a 50% Fibonacci retracement. Ethereum formed a bullish engulfing candle above this, starting a significant rise.

The ETH/USD pair has broken out of a symmetrical triangle pattern on the 4-hour period at $1,200, and closing candles outside of this triangle pattern suggest the prospect of a significant rise.

A break above this level might expose the ETH/USD pair to the $1,340 resistance level. On the upside, the pair may continue to advance until the next resistance level of $1,290/1,300.

Ethereum’s immediate support levels on the downside are $1,230 and $1,200. However, the 50-day moving average, RSI, and MACD are all in a purchasing zone, suggesting that the positive trend may continue. Look for a purchase trade that is worth more than $1,235 right now.