Can Ethereum price exceed $1,600?
Ethereum (ETH) price hit the highest level in the last three months, reaching as high as $ 1,591 the previous day. It has corrected somewhat from this local top in the past two days but still remains above $1,500. Also, a new attempt towards $1,600 is drawing attention once again today. Of course, the failure of this new attempt will be a correction for the ETH price. We see this on the daily chart of the ETH/USD pair. Ethereum price has formed green candles in the last eight consecutive days. Despite yesterday's correction, the daily candle closed in green. Today, the leading altcoin started the day with a green candle. In fact, it has once again tested the resistance of $ 1,600 with the daily top by climbing up to $ 1,585. Of course, it is important at what level today's daily closing will be. Ethereum price support and resistance levels For support and resistance levels in Ethereum price in the short term, let's look at the 4-hour chart of the ETH/USD parity. In this gr