Ethereum price consolidates at $730, what’s next for ETH?

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TL;DR Breakdown Ethereum price currently at $735.56 with bullish movement across the last 24-hours Price seems to be consolidating at the $730 price level. ETH expected to observe sideways movement at the level before breaking upwards. Ethereum (ETH) price is currently consolidating around the $730.00 level as the price movements oscillate around the mark. Ethereum … Read more

TL;DR Breakdown

  • Ethereum price currently at $735.56 with bullish movement across the last 24-hours
  • Price seems to be consolidating at the $730 price level.
  • ETH expected to observe sideways movement at the level before breaking upwards.

Ethereum (ETH) price is currently consolidating around the $730.00 level as the price movements oscillate around the mark. Ethereum price remains bullish across the last 7-day period as ETH observes a 20 percent increase across the timeframe.

Cryptocurrency price and market capitalization • Coin360 • 16:47 UTC Dec, 30

The broader cryptocurrency market is also bullish as Bitcoin climbs above the $28,000 level. Most major cryptocurrencies have also recorded profits across the last 24-hours,

Ethereum price across the last 15 days

Ethereum price opened December 15 with slight bullish momentum that disappeared early into the day as the price continued to consolidate above the $575 price level. However, the market sentiment remained bullish, and Ethereum price left the level on December 16 to climb above the $600 level.

Ethereum price observed sharp bullish activity that carried it to the $675 resistance level. However, ETH could not break above as the resistance stomped out the bullish momentum. The price consolidated at the level for a few days before breaking below. The price retraced broke to lower support levels before eventually stabilizing at the $575.00 level.

Between December 24 and 27, Ethereum price traded with an ascending support line as price recovered to the $650 price level. This time, the buyers succeeded in breaking above, and ETH observed sharp bullish activity carrying the price above the $700 level. The price continued to ascend and only came to a rest after climbing to the $725 price level.

Since then, the price has oscillated around the $725 level with little activity in either direction.

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