Price Analysis

Electroneum (ETN) Continues the Upsurge for Second Day in a Row

  • Electroneum (ETN) price keeps the bullish trend intact.
  • Intraday trading would bring great results.

Electroneum (ETN) price has recently gone through a rough phase. The last couple of days have been quite helpful for the coin to recover. The traders are quite satisfied by the uptrend in the coin. However, the volatility in the coin has also not changed.

The intraday traders are expected to have a wonderful day. The market is also moving up along with Bitcoin (BTC). The anticipations predict that price rally would soon embark on the market.

Current Statistics of Electroneum:

ParticularsElectroneum (ETN)
Price$0.003613
ROI-48.36%
Rank103
Market Cap$35,413,711
Circulating Supply9,800,915,546 ETN
24hr Volume$171,913

ETN to BTC Price Comparison:

The chart is taken from Trading View on 06th September 2019, at 05:34:38 UTC for price analysis.

ETN Price Chart
ETN Price Chart by TradingView

Looking at the chart, ETN is reflecting an upward movement. Yesterday, Electroneum opened at 0.0000003355 BTC and immediately fell to 0.0000003318 BTC by 1.09%. Later, ETN price took another drop from 0.0000003349 BTC to 0.0000003296 BTC by 1.57%. ETN started moving up after touching 0.0000003296 BTC. There were a fall and a recovery movement experienced in the coin towards the end of the day. ETN fell from 0.0000003394 BTC to 0.0000003330 BTC by 1.90%. The recovery in the coin took the price up from 0.0000003330 BTC to 0.0000003394 BTC by 1.93%. ETN closed the day at 0.0000003386 BTC with a progression of 0.95%. Today, Electroneum fell from 0.0000003386 BTC to 0.0000003337 BTC within the first few hours. Later, ETN jumped from 0.0000003337 BTC to 0.0000003399 BTC with an escalation of 1.87%.

ETN Price Prediction and Conclusion:

Electroneum (ETN) is quite a volatile coin but, surprisingly, its price movement has lured many investors. The current price momentum is quite impressive, which could be considered a great opportunity for intraday traders. The fluctuation in the price makes the long term prediction vague; hence, the traders should dig in for a short-term period in Electroneum.

As per the ETN price fluctuations, the short-term investment would give the expected result to the traders.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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