Ethereum continues to rise; $1,600 next?

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Today's Ethereum price analysis is positive after a steady rise yesterday and a sharp drop overnight. [{ "selector": ".bfzml-a", "duration": "500ms", "fill": "forwards", "delay": "1750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".flcfd-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Since then, ETH/USD has been rising as bulls prepare to breach $1,600. [{ "selector": ".eilaa-a", "duration": "500ms", "fill": "forwards", "delay": "1750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".unzsm-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

The market had a mixed day yesterday. The leader, Bitcoin, rose 0.24 percent, while Ethereum climbed roughly 2 percent. [{ "selector": ".xwizb-a", "duration": "500ms", "fill": "forwards", "delay": "1750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".xscrb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Last 24 hours, ETH/USD moved between $1,552.74 and $1,584.26, indicating modest volatility. [{ "selector": ".gjoso-a", "duration": "500ms", "fill": "forwards", "delay": "1750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".dnwju-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Trading volume is up 22.37 percent to $10.46 billion, while market cap is $193.38 billion, for a 19.76% domination. [{ "selector": ".juilj-a", "duration": "500ms", "fill": "forwards", "delay": "1750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".dpjjz-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Ethereum's bullish momentum has waned after $1,650 last week. Quick response downward created a higher local low at $1,550. [{ "selector": ".rngls-a", "duration": "500ms", "fill": "forwards", "delay": "1750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".fiasp-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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