ETH Price Prediction: Today’s Ethereum Price, 6th Feb 2023

The price of Ethereum has been rapidly shifting in recent weeks, sending the cryptocurrency market on a roller coaster. Because the market is still unpredictable, it’s critical to keep up with the most recent events in order to make wise selections.

Whales have just shifted an estimated $743 million in cryptocurrency, which may be a sign of an impending price spike or crash. What you need to know about this development and how it can impact the price of Ethereum in the future are covered in this article.

Today’s Ethereum Price

Ethereum Price Prediction

The price of Ethereum is currently $1,664 and its 24-hour trading volume is $5.9 billion. Additionally, over the last 24 hours, its value has increased by 0.50%. Ethereum is the second most valuable cryptocurrency according to CoinMarketCap, with a roughly $203 billion market cap.

The price of the ETH/USD pair has not changed significantly over the last few days and is currently fluctuating between $1,650 and $1,685. The price might be able to rise as high as $1,720 if it breaches this area.

The Moving Average Convergence/Divergence (MACD) and Relative Strength Index (RSI) indicators have started to point in the opposite directions, indicating a potential trend change. One indicator points to buying, while the other suggests sellers should be on the lookout for buyers.

With values over $1,620, the 50-day Exponential Moving Average suggests a potential bullish trend and a rise in coin prices.

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