Price Analysis

Electroneum Price Analysis: Can ETN Maintain Its Efficiency And Reach 0.00000039 By Tomorrow?

ETN was priced at 0.00000036 BTC yesterday at about 00:35 UTC. There was a sharp rise, and the coin slowly started to rise upwards. There were a couple of falls, despite that the coin still managed to reach an all-time high of 0.00000039 BTC at 00:17 today. However, it was not able to maintain its performance at this level and witnessed two sharp falls with prices falling to the level of 0.00000036 BTC today. While writing this analysis, it seems that the coin is slowly moving upwards and we anticipate that it may continue to rise marginally by tomorrow.

ETN intraday price analysis is as mentioned below:

ETN Price Prediction
ETN Price Chart by TradingView

Current Data of ETN:

  • The rank of ETN coin is at present 98.
  • Market Cap value of ETN was 3,675 BTC at 08:30 UTC.
  • Value of the coin is 0. 00000038 BTC at 08:42 UTC.
  • 24-hour volume figures are 14.35 BTC.
  • 9,782,500,695 ETN coins are now traded online.
  • ROI of the coin stands at -96.00%.

ETN to BTC Price Comparison and Future Predictions:

If we compare the price of the coin since the time it reached the highest value yesterday which was 0.00000039 BTC at 00:17 UTC and the present price, the coin indicates a bearish trend by 5.4%.

But, we anticipate that ETN will be slowly rising upwards and can reach 0.00000039 BTC by the end of the day tomorrow.

After about a week or so, it can be traded close to 0.00000040 BTC, and by the end of this year, it can reach about 0.00000088 BTC.

Conclusion:

As per the present trend noticed, you can purchase as well as sell the ETN coins as per your discretion. However, if you are able to retain the newly purchased coins until the next year it can prove to be a good investment as prices for the coin are expected to rise by then. The Chaikin Money Flow indicator also points that the present movement of the coin is a bearish one. ETN should bounce back by tomorrow considering that since the sharp fall today at 07:19 UTC to 0.00000036 BTC it has still managed to rise upwards and touch 0.00000037 BTC today.

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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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