The upsurge in the market was observed yesterday, and the movement in the price of most of the cryptocurrencies was spotted moderate at the beginning but later reflected massive escalation. A similar trend reflected in the price trend of Ethereum. The intraday movement reflected almost 14% progression in the price. Yesterday, ETH’s price was at a high at $134.91 and a low at $121.87. The currency is exhibiting a tremendous improvement and might breach a $150 price mark in the upcoming hours.
ETH/USD Price Chart:
Yesterday, Ethereum started dealing at $119, and within the next 30 mins, the price escalated to $125. Later, the coin reflected a marginal plunge, but further, the price marked an escalation of 3.10% and took the price counter to $126. From this high, Ethereum price dropped, and at 09:20 UTC, it touched $121. After that, the currency brought recovery and touched $124. With a slight plunge to $122, the coin marked a sharp upward move to $137 by 12.55% hike at 13:08 UTC. However, the ETH coin couldn’t hold the level at this high and fell to $128. After hanging at the same level, at 19:26 UTC, the coin experienced an upsurge. The day closed at $136, with a day-long progression of 14.20%.
Today, Ethereum started the day with a stagnant move. There a slight plunge marked that took the price to $133. However, the currency spotted an improvement that has brought the price counter to $141. ETH coin is currently dealing near the next resistance level at $143. The coin has breached the immediate resistance level at $139, and if the current momentum remains intact, then the coin might violate the major resistance level at $152. If ETH coin continues to trade with similar momentum, it may regain its price level around $170, which was register in the first month of the ongoing year. However, if the market pressure strokes, then the immediate support level is formed at $126.