ETH/USD Is Back Above $1400 Level

The Ethereum price prediction shows that ETH is moving above the $1,400 level as it is currently changing hands at $1,452.

Ethereum Price Statistics Data:

Ethereum price now – $1,452
Ethereum market cap – $176.2 billion
Ethereum circulating supply – 122.3 million
Ethereum total supply – 121.3 million
Ethereum Coinmarketcap ranking – #2

ETH/USD Market

Key Levels:

Resistance levels: $1700, $1800, $1900

Support levels: $1200, $1100, $1000

ETH/USD is at the moment trading above the $1400 level as the number two crypto faces the path of development. For the past few weeks, the Ethereum price has been following the bearish movement as the coin heads to the south. For now, the Ethereum price is hovering below the 9-day and 21-day moving averages at $1452 with 1.47% gains in the last 24 hours.

Ethereum Price Prediction: Ethereum (ETH) May Break Above the Moving Averages

As the daily chart reveals, the Ethereum price has not been able to display strong bullish momentum in the past few days. Nevertheless, the good thing is that the coin is likely to begin the movement to the upside. Meanwhile, the Ethereum price needs to cross above $1500 to regain the proper bullish momentum as the technical indicator Relative Strength Index (14) moves to cross above the 40-level.

However, the Ethereum price only needs to conquer a few crucial resistance levels of $1500 and $1600 to stay comfortably at the top. Therefore, if the coin closely manages these levels, it could reach the potential resistance levels at $1700, $1800, and $1900. On the downside, if the bears step back into the market, ETH/USD may likely drop below the lower boundary of the channel, any further bearish movement could drag it to the critical supports at $1200, $1100, and $1000.

Against Bitcoin, the Ethereum price is rising above the 9-day and 21-day moving averages. Presently, the coin is changing hands at 7107 SAT as the technical indicator Relative Strength Index (14) moves toward the 60-level.

However, the daily chart revealed that buyers are likely to have the day as the resistance level to be reached could be 7700 SAT and above. Conversely, a lower sustainable move below the lower boundary of the channel may cancel the bullish pattern and could attract new sellers to hit the support at 6500 SAT and below.

Alternatives to Ethereum

The Ethereum price is likely to cross above the moving averages as the price faces the resistance level of $1500. As the daily chart reveals, bulls must realize the need to cross above this barrier before they can get to the potential resistance levels. However, the Fight Out token will provide pathways for professional athletes such as boxers, and other types of athletes as well, with a “styles make fights” approach that creates tailor-made fitness programs for particular sports and activities.  Meanwhile, the presale is still on and almost $6m has been raised so far.