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Ethereum (ETH) Price Prediction — Will ETH Hit $1700 Soon?

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Ethereum (ETH) Current Market Status

According to CoinGecko, the price of Ethereum (ETH) is $1,295.25 with a 24-hour trading volume of $7,480,811,788 at the time of writing. However, ETH has increased by nearly 0.8% in the last 24 hours.

Moreover, Ethereum (ETH) has a circulating supply of 120,914,876 ETH. Currently, Ethereum (ETH) trades in cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, HuobiGlobal

Ethereum (ETH) Price Prediction 2022

Ethereum (ETH) holds the 2nd position on CoinGecko right now. ETH price prediction 2022 is explained below with a daily time frame.

Descending Channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.

Currently,Ethereum (ETH) is in the range of $1300. If the pattern continues, the price of SHIBINU(SHIB) might reach the resistance levels of $ 1700,If the trend reverses, then the price of Ethereum (ETH) may fall to $1200

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