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As the cryptocurrency market continues to evolve with new developments, Ethereum (ETH) finds itself at a pivotal juncture.
With its price hovering just below the significant $1,800 threshold, many traders and analysts are keenly observing its next move.
Adding to the intrigue, the impending closure of the Wall Street Memes presale tomorrow could bring about a fresh wave of interest and activity in the crypto sector.
Will this event serve as a catalyst propelling Ethereum past the coveted $1,800 mark?
Let’s delve into the factors influencing ETH’s price trajectory.
Ethereum Price
Today’s Ethereum stands priced at $1,584, experiencing a trading volume of $3.6 billion over the past 24 hours.
Seeing a slight dip, Ethereum has decreased by just under 0.50% within the same timeframe.
Currently holding its position as the second-ranked cryptocurrency on CoinMarketCap, its market capitalization is assessed at $190 billion.
There are 120,230,004 ETH coins in circulation, while its maximum supply remains undisclosed.
Ethereum Price Prediction
The trading pattern of ETH/USD has been highly volatile, with resistance encountered at $1,600 and support found around the $1,575 level.
A breakout from this range could trigger further price movements.
If ETH manages to surpass the $1,600 level, it may face resistance at $1,625, while a more substantial barrier could arise near the $1,660 double-top pattern.
In case the price of Ethereum drops below $1,575, it could potentially head towards the $1,535 level.
The chart shows that the 50-day EMA, RSI, and MACD indicators all suggest a bearish trend.
It is advisable for investors to keep a close eye on the $1,575 level, as breaking below it could reveal more opportunities for selling.
Wall Street Memes Presale Closes Tomorrow
Currently, many investors are exploring diverse opportunities within the cryptocurrency realm, and Wall Street Memes have caught their eye. The $WSM presale, representing a meme coin, has stirred considerable excitement among the investment community.
As the crypto world anticipates the next meme coin to debut on Binance, all eyes are now on Wall Street Memes.
Touted as one of the most significant crypto presales of 2023, Wall Street Memes’ presale is drawing to a close in less than 24 hours.
There is a lot of talk going around about the possibility of Binance, a top trading platform, being included in a list of upcoming exchanges.
According to information found on the Wall Street Memes website, the first tier 1 centralized exchange (CEX) listings are set to be announced within the next three days, and it is suspected that at least two of these exchanges will be among the top 10 in the world.
The initial response to the presale of Wall Street Memes was overwhelmingly positive, with the first day alone seeing a collection that exceeded $300,000. Ultimately, the total collection amount reached $25 million.
Currently, the WSM tokens in this presale stage are available for purchase at $0.0337.
Taking advantage of this opportunity could open up the possibility of potential growth. Join the Wall Street Memes investment journey and partake in a potentially profitable endeavor.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
This article first appeared at Cryptonews
