ETH Price Prediction: Today’s Ethereum Price, 30th March 2023

The biggest cryptocurrency in the world, Bitcoin, reversed half of its downward trend and gained momentum. The second-largest cryptocurrency, Ethereum, outperformed BTC and rose by more than 4%.

A number of reasons, such as an increase in US consumer confidence in March, recent developments in the cryptocurrency industry, and Bitcoin’s reputation as a safe-haven asset, have contributed to the upward rally in the market for cryptocurrencies.

It is important to note that recent bank failures have caused consumers to lose faith in conventional banks, which was seen as a major contributing factor to the rise in the price of bitcoin.

The market capitalization of all cryptocurrencies has risen by 2.56 percent to $1.16 trillion, with Bitcoin and ETH driving the growth. Notably, the CFTC has targeted Ethereum explicitly by stating its support for ETH as a commodity, leading to an increase of more than 4% in price in the most recent few hours.

Recently, the head of the US CFTC reiterated his position that ether is a commodity, not a security, which may raise the value of ether.

TODAY’S ETHEREUM PRICE

DATE	ETC	USD
Today	01	$ 1,807.82

ETHEREUM PRICE PREDICTION

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Ethereum’s price is currently $1,788.73, and its 24-hour trading volume is $8,762,886,075. Ethereum has increased by 4.13% over the last 24 hours.

At the $1,790 level, there is a significant bullish bias in the ETH/USD market. A bullish breakout of the $1,850 level can expose Ethereum’s price towards the next resistance level of $1,960. On the upside, Ethereum is expected to encounter instant resistance at this price.

The $1,700 level serves as Ethereum’s immediate support on the downside, and a bearish breach of this level could push the price of the cryptocurrency towards the next support level of $1,720.

The $1,700 level serves as Ethereum’s immediate support on the downside, and a bearish breach of this level could push the price of the cryptocurrency towards the next support level of $1,720.

The market will probably look for buying opportunities above the $1,760 support level because the main technical indicators, like RSI and MACD, are in the buying zone. Right now, Ethereum is probably aiming for $1,850.

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