ETH Price Prediction: Today’s Ehereum Price, 16th Jan 2023

Ethereum (ETH), the second-largest cryptocurrency, has surpassed $1,550 in value.

The cryptocurrency market had a fantastic week this week, with almost all major tokens experiencing big price increases, with BTC and ETH both jumping by around 25%. Other cryptocurrencies’ prices, including those of Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP), are all in the green.

Today’s Ethereum Price

Ethereum Price Prediction

Ethereum currently trades at $1,559 with a $14 billion 24-hour trading volume. The critical resistance level of $1,500 has been overcome by the ETH/USD pair, which is currently moving toward the $1,650 barrier level.

On the downside, $1,500 serves as Ethereum’s immediate support level, and candles closing above this level are anticipated to spark a rally. The price of ETH may increase to the $1,700 resistance level if the $1,650 barrier is crossed.

The ETH price may find support near $1,500 on the downside, and a bearish break of that level might trigger more selling to $1,400. Look for buying chances as the bullish trend for today is strong.

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