The second-ranked cryptocurrency, Ethereum, has experienced a significant surge of 3% to $1,250 during the Asian session, despite the fact that the general cryptocurrency market is experiencing a sharp pullback.

Despite the global crypto market’s worth rising by 0.54% to $809.35 billion the day before to start the new year, the major cryptocurrencies were trading in the bullish early on January 4. The total volume of the cryptocurrency market over the previous day rose by 12.75% to $26.64 billion.

DeFi’s 24-hour volume totals $1.92 billion, or 7.20% of the total 24-hour volume of the crypto market. Currently, the combined volume of all stable currencies is $24.85 billion, or 93.30% of the total 24-hour volume of the cryptocurrency market.

Today’s Ethereum Price

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DATE	ETC	USD
Today	01	$ 1,258.65

Ethereum Price Prediction

Ethereum’s price at the moment is $1,247, and its 24-hour trading volume is $4.8 billion. With a 2.5% increase, Ethereum is advancing and finding immediate support at the $1,235 mark.

A bullish breakout might push the price up into the $1,280 or $1,300 level. On the upside, ETH’s immediate barrier is still at the $1,260 level.

While support is still located around $1,235, a fall below this level may allow for further selling down to $1,205. The 50-day simple moving average, MACD, and RSI all show a positive trend.

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So keep an eye out for buying possibilities today, particularly above $1,235.

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