Latest Ethereum price and analysis (ETH to USD)

Ethereum is currently trading at $153, about 1% higher than 24 hours ago.

Ethereum’s Ether (ETH) has now jumped 12% in price to over $150, its highest since Christmas Eve. In doing so, Ether pushed out of a narrow trading range that had capped price action below $140 for the duration of the holiday period. More importantly, it allowed Ethereum to overtake XRP to regain second spot in the market cap rankings. Ethereum currently has a total market value of $16 billion.

Volume is currently sitting at about $2.8 million, about half of Bitcoin’s.

Ethereum has gained a whopping 80% over the past month, pushed higher by a number of technical and fundamental forces. ETH benefited from the broad market recovery that began on December 17th, the one-year anniversary of Bitcoin’s $20,000 bull run. Like its peers, Ether rallied on oversold conditions after prices crashed to 18-month lows. Volume reached well above 3 million, while price found a new support at $150.

If price action stays above that new support level, we could see a new resistance forming at $200.