Ethereum Price Could Resume Uptrend If It Clears This Barrier

Cryptocurrency News Nov 1, 2022 603

Ethereum remained at a good position above the $1550 line. ETH could start a fresh increase if it clears the $1625 resistance zone.

Ethereum Price Could Resume Uptrend If It Clears This Barrier

Ethereum is currently stable and is indicating positive signs above the $1550 support level.

ETH/USD pair could start to increase if it clears the $1620 and $1625 levels.

The live Ethereum price today is $1,601.17 USD with a 24-hour trading volume of $18,366,979,844 USD. Ethereum is down 1.21% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $195,940,988,652 USD. It has a circulating supply of 122,373,863 ETH coins.

Ethereum Price Statistics ETH price change in 24h is -$21.00 of 1.30% and 24h low is $1,555.92 and 24h High is $1,630.45 with 19.10% Market dominance ETH 7-day low as $1,460.43 and ETH 7Day high is $1,652.38 with 56445.97% Ethereum ROI.

Ethereum started falling after it formed a short-term top near the $1665 level. ETH declined below the $1620 and $1600 levels.

There was a move below the 50% FIB retracement level of the key wave from the $1485 swing low to the $1665 high Ether price even spiked below the $1580 level and 100 hourly simple moving average. the bulls were active near the $1550 support zone.

The ETH price could even test the $1700 level more gains maybe send the price toward the $1800 resistance zone.

If ETH fails to increase above the $1625 resistance zone it could continue to move down an initial support on the downside is near the $1575 level and the 100 hourly simple moving average.