- Possible resistance at $2457.93
- Possible support at $2394.98
- This week’s highest: $2,197.00
- This weeks lowest: $1,945.44
- Last 1 months highest: $2,197.00
- Last 1 months lowest: $1,560.37
Also Read: BTC/USD: Daily Price Forecast 16 April 2021
There is some resistance at $2457.93, next resistance sits at $2489.40 and strong support level at $2394.98 and thereafter at $2363.51
If the resistance of $2457.93 is crossed, the price is likely to move towards the next strong resistance level at $2489.40. However, if Ethereum fails to cross this resistance level, the price might retest the current support levels before going down towards the next support at $2394.98. If this support is crossed, the Ethereum price may move down further to $2363.51levels.
Newsherder’s ETH/USD Daily Price & Forecast of April 16, 2021, reveals that an upward movement from current levels is expected for Ethereum’s current price with Ethereum showing bullish signals. ETH price is expected to move up towards the resistance level of $2363.51.