Ethereum Price Prediction as Bulls Hold ETH Above $1,500 – Here's Where ETH is Heading Next
The Ethereum price is unchanged in the past 24 hours, with its move to $1,567 over the weekend meaning that it has fallen by 4% in a week and by 6% in the last 30 days.
However, it remains up by 31% since the start of 2023, with its $1,550 support level holding strong in the past few days, suggesting that it won't be returning to the lows of last year.And with Ethereum having some of the strongest fundamentals in the market, there's little doubt that ETH will continue rising again once the market returns to growth.
Of course, the upcoming Shanghai upgrade -- which enables staking withdrawals -- may cause a temporary slide, but recent positive Ethereum-related news (e.g.
from Coinbase and Visa) suggests that ETH is only going up in the longer term.ETH's chart suggests that it still has further falls in store before it can resume rallying.
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