Ethereum is now on an interesting rising trend. The digital asset is now aiming for the $2,000 level after crossing the $1,400 threshold.
Today’s Ethereum Price
Ethereum Price Prediction
Recently, ETH has had several outstanding days. The digital asset commenced trading by first going over $1,400 in two months. The asset has increased by 4.35% over the previous 24 hours, outpacing the overall market, which has increased by 2.58% during the same time frame. ETH is still holding steady at $1,401 as of publication.
ETH is performing quite well on the technological front. With the help of its recent price increase, it gained enough impetus to cross all of its moving average (MA) indications, from the 10-day MA at $1,399 to the 200-day MA at $1,357. Although ETH is moving closer to the short-term MA measures, a persistent uptrend should keep the asset’s value above them for the time being.
ETH is emitting a buy signal with a positive moving average convergence divergence (MACD). Additionally, ETH is not overbought, according to the relative strength index (RSI) of 41.13 for the asset.