Ethereum (ETH) price is currently around $3908.32, down 0.55% in the last 24 hours. The daily trading volume is around $23.23 billion, while the total market cap is $470.38 billion. The coin has shown positive performance over the past month, up 23.18%.
Technical Analysis and Chart
Based on technical indicators:
The Relative Strength Index (RSI) at 61.83 indicates a balanced state between buying and selling.
The short-term moving averages (SMA) are showing an upward trend as the current price is above the SMA20 at $3710.91, indicating a potential continuation of the positive trend in the short term.
Upward or Downward Forecast
Based on the current trend:
If the positive momentum continues and liquidity in the market increases, the coin may rise to levels above $4000.
In case of a correction, the price may return to the support range between $3700 - $3800.
For a chart that tracks the currency movement and shows support and resistance points, you can use platforms like TradingView or BitScreener that provide advanced technical analysis tools.
What do you expect the direction of Ethereum to go up or down?