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Ethereum (ETH) struggles to touch $500: Price prediction and technical analysis
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Ethereum has been exhibiting a slump in prices since yesterday. ETH price was struggling to reach the $500 resistance level for the past two weeks. The highest it has reached in three days is $476 which seems to be the current key resistance level. Ethereum is currently trading at $464.53 at a loss of 3.24% against USD over the last 24 hours.Source
The significant area of trading for today ranges from $449 to $459.59. The current support level can be traced at $456.17 and it is exhibiting a gradual rise in prices. The price since the past few days can be seen treading consolidation. The 200 EMA line is above the current stock price signifying a downward trend.
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