Ethereum Price Prediction

Ethereum, the world’s second-largest cryptocurrency, has seen an 18% increase in value over the last week, reaching a high of $1,590.

The price of Ethereum has been slowly rising, with a big support level at $1,500. If this level is properly maintained, the price could advance to the next resistance level of $1,660.

Ethereum recently broke past the $1,500 barrier level, signalling a new level of achievement. This was owing to the presence of three white troops and a bullish engulfing candle, which indicated strong investor purchasing pressure. The good news for Ethereum is that its price is likely to grow further in the foreseeable future.

The cryptocurrency market is now bullish, making ETH with prices greater than $1,550 a profitable investment option. On the plus side, Ethereum might reach its next resistance level of $1,650.

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