Ethereum (ETH) is trading at $2,413 on Wednesday as it looks to test the support level near $2,395.
Ethereum Price Today: $2,413 Ethereum price is trending toward the $2,395 support level as the 50-day SMA resistance holds strong. Vitalik Buterin could emerge as economics Nobel Prize winner based on his novel currency innovation. Ethereum exchange reserve has been trending upward as selling pressure persists. Ethereum is trading at $2,413on Wednesday as it looks to test the support level near $2,395.
A bounce off this level could see ETH stage a rally above $2,490 to test the resistance near $2,707. If ETH completes such a move, it will look to reclaim the $2,817 level, which held as key support for about four months following the market consolidation between April and July. However, if ETH fails to move above the $2,490 resistance, it could break the $2,395 level and decline toward the support near $2,200.
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