ETH/USD Back Above $1,300 Resistance

The Ethereum price prediction shows ETH is moving above the $1,300 level, and it is currently changing hands at $1,330.

Ethereum (ETH) Statistics Data:

• Ethereum price now – $1,330.30
• Ethereum market cap – $161.3 billion
• Ethereum circulating supply – 122.7 million
• Ethereum total supply – 122.7 million
• Ethereum Coinmarketcap ranking – #2

ETH/USD Market

Key Levels:

Resistance levels: $1800, $1900, $2000

Support levels: $1000, $900, $800

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ETH/USD is currently trading above the $1,300 level as the Ethereum price faces an upward movement. For the past few weeks, the Ethereum price has been fluctuating within the channel. At the moment, the Ethereum price is likely to cross above the 9-day and 21-day moving averages at $1,330 with 3.37% gains in the last 24 hours.

Ethereum Price Prediction: Ethereum (ETH) May Break to the Upside

According to the daily chart, the Ethereum price is yet to display strong bullish momentum but the good thing is that the coin is likely to begin the movement to the upside. However, the Ethereum price needs to touch the nearest resistance level of $1,500 to regain the proper bullish momentum as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

Moreover, if the Ethereum price crosses above the 9-day and 21-day moving averages, it could reach the potential resistance levels at $1800, $1900, and $2000. On the downside, if the bears step back into the market, ETH/USD may likely drop towards the lower boundary of the channel, any further bearish movement could drag the coin to the critical support levels at $1000, $900, and $800.

Against Bitcoin, the Ethereum price is likely to rise above the 9-day and 21-day moving averages. Presently, the coin is changing hands at 6770 SAT as the technical indicator Relative Strength Index (14) crosses above the 40-level.

However, the daily chart revealed that buyers may continue to have the day as the resistance level could be found at 8000 SAT and above. On the contrary, a bearish movement below the lower boundary of the channel may hit the support level at 5500 SAT and below.

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