- ETH’s price has risen 7+% over the last 7 days.
- The price of the altcoin currently stands at $1,275.25.
- Altcoin Sherpa shares two potential scenarios for ETH’ price.
The price of Ethereum (ETH) has gained some decent ground over the last 7 days, and was able to strengthen 7.63% over the time period. However, its price has fallen 0.60% according to CoinMarketCap. At press time, the price of ETH stands at $1,275.25.
Daily chart for ETH/USDT (Source: CoinMarketCap)
The price of ETH is currently trading between the daily 9 and 20 EMA lines. There is some sell pressure present on ETH’s daily chart that has pulled ETH’s price down yesterday, and continues to pull its price down today.
The daily RSI line is slightly bearish as it is sloped negatively towards oversold territory. It is, however, still positioned above the daily RSI SMA line.
The crypto analyst, Altcoin Sherpa (
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