Ethereum Ranging Between $1,000 to $1,200 as crypto market fall continues
Ethereum fell below the $1700 demand zone, and the altcoins had no immediate plans to recover The $1000 band of support has been held for the past month while the $1300 resistance has not yet been broken.
Ethereum Ranging Between $1,000 to $1,200 The live Ethereum price today is $1,058.41 USD with a 24-hour trading volume of $13,083,037,824 USD.ETH to USD price in real-time. Ethereum is down 2.41% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $128,623,894,494 USD. It has a circulating supply of 121,525,904 ETH coins.
ETH/USD hovers around $1k. Source: TradingView
Ethereum initially began trading on Binance in 2015 there have been two primary ascending lines on the weekly timescale before the price fell below $1500 the while line served as support and the yellow line served as resistance to further emphasize the relevance of the present price about earlier market valuations the 200-week moving average line.
Where the price moves in favor of the bulls the price would rise over the MA200 which is located at $1200 and then rebound above the resistance zone between $1300 to $1500 before consolidating above $1700 and breaking the white trendline.
However, the volume of trades for the past months has been higher than either April or May on their own and it has been fairly stable in recent weeks. This demonstrated that long-term bulls and bears were interested in where ETh was trading $1000 would be a crucial area for Ethereum buyers to defend because it has psychological significance as well.
Source: Coin Metrics Charting Tool
When Ethereum's total number of unique active addresses per month surpassed 13 million in May 2021 the second-largest cryptocurrency by value's price skyrocketed to a record-breaking high of nearly $4000