Latest Ethereum price and analysis (ETH to USD)

Ethereum has gained a whopping 80% over the past month, with another 1% gain over the last 24 hours


Ethereum is currently trading at $153, about 1% higher than 24 hours ago.

Ethereum’s Ether (ETH) has now jumped 12% in price to over $150, its highest since Christmas Eve. In doing so, Ether pushed out of a narrow trading range that had capped price action below $140 for the duration of the holiday period. More importantly, it allowed Ethereum to overtake XRP to regain second spot in the market cap rankings. Ethereum currently has a total market value of $16 billion.

Volume is currently sitting at about $2.8 million, about half of Bitcoin’s.

Ethereum has gained a whopping 80% over the past month, pushed higher by a number of technical and fundamental forces. ETH benefited from the broad market recovery that began on December 17th, the one-year anniversary of Bitcoin’s $20,000 bull run. Like its peers, Ether rallied on oversold conditions after prices crashed to 18-month lows. Volume reached well above 3 million, while price found a new support at $150.

If price action stays above that new support level, we could see a new resistance forming at $200.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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