ETH Price Prediction: Today’s Ethereum Price, 1st Feb 2023

Ethereum’s price has been rising in recent months and continues to do so now. Due to this, many investors are already speculating as to whether ETH could rise by another 5% today.

In order to respond to this query, it is necessary to examine the state of the market at the moment and determine whether or not there is sufficient market momentum to raise the value of Ethereum.

Today’s Ethereum Price

Ethereum is currently trading for $1,629 with a 24-hour increase of 2.25% and $8.1 billion in trading volume. With a $199 billion market valuation, it is presently ranked second on CoinMarketCap.

Etherum has been rising since the breakout of a symmetrical triangle pattern and is now anticipated to find immediate support around $1,620 levels. Support is available at $1,560 on the downside, and a breach below it might push ETH down to $1,500.

On the upside, Ethereum’s initial resistance is found near levels of $1,660 or $1,680. ETH can move toward the $1,745 level if the bullish break over the $1,680 level occurs.

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