The price of Ethereum (ETH) surpassed $1,300 this week as the global cryptocurrency market improved.

The overall cryptocurrency market is still solid, with Bitcoin and Ether showing a slight increase after yesterday’s significant gain.

The growing value of crypto assets is also being aided by the current good macroeconomic conditions, which may be a long-term encouraging indication for the crypto market.

Today’s Ethereum Price

Ethereum Price Prediction

Ethereum currently has a price of $1,329 and a $6.7 billion 24-hour trading volume. The ETH/USD pair is encountering significant resistance on the 4-hour period close to the $1,344 level, which is stretched by a double top formation.

The next resistance area of $1,370 might be reached by the ETH price with a successful breach of the $1,345 level. The likelihood of a significant rise is increased by the doji and spinning top candles closing above the 1,315 trading level.

The ETH price may find support near $1,315 on the downside, and a bearish break of that level might lead to further selling to $1,275. Consider seeking for buying opportunities now that the bias is bullish.

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