#ETH Ethereum's current price is $2,428.47, with a 0.96% increase over the last day. Here's a breakdown of its recent performance and potential future trends:

Current Performance:

Price Range: $2,390.89 (low) to $2,456.77 (high) in the last 24 hours

Market Cap: $293.15 billion, ranking #2 among cryptocurrencies

24-hour Trading Volume: $11.99 billion, with a 24.43% increase

Technical Indicators:

RSI (Relative Strength Index): Currently trending bearish, with a reading below 50 indicating potential selling opportunities

Moving Averages: Neutral trend in the 1-week timeframe, with the 50-x MA crossing below the 200-x MA

MACD (Moving Average Convergence Divergence): Bearish trend in the 1-week timeframe, with the MACD signal line below 50 periods

Prediction:

One forecast suggests Ethereum might drop to $2,407.257. However, considering its recent price action and technical indicators, some analysts believe Ethereum could maintain its current trajectory, potentially staying above $2,400 ¹ ².

Key Price Levels:

Support: $2,390.89 (previous low)

Resistance: $2,456.77 (previous high)

Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These predictions are based on current trends and technical indicators, but actual prices may vary ².$ETH