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Price Analysis

Electroneum Price Analysis: ETN Might Be Able To Escalate In The Upward Direction Today

Electroneum talked about the three-tiered verification system that makes them one of the safest Blockchain under existence. But whether or not, users are finding that a reason to invest in ETN is what matters. Let’s hope to see some improvement soon.

Current Statistics of Electroneum:

Electroneum price is trading at $0.003833 at 01:53 UTC on 23rd August 2019. Following is the list of essential factors:

  • Return on Investment: -95.94%
  • Total supply/Circulating Supply: 9,783,416,928 ETN/ 9,783,416,928 ETN
  • 24 Hour Volume: 141,559 USD
  • Market Cap: 37,492,857 USD
  • 7 Day high/low: 0.004272 USD / 0.003719 USD

ETN to BTC Price Comparison:

ETN Price Prediction
ETN Price Chart by TradingView

Considering the statistics from the last five days, ETN price was initially seen at the highest touch down of 0.00000041 BTC on 17th August at 17:05 UTC. The value then dropped by 9.75% by 20th August at 07:00 UTC with the trading value of 0.00000037 BTC. Electroneum price by 21st August at increased by 5.39% at 18:10 UTC when the trade changed to 0.00000039 BTC. Yesterday, the price dropped by 7.63% at 15:05 UTC trading at 0.00000036 BTC which is now increased by 5.54% from then.

Electroneum Price Prediction:

ETN might be dropping further down by the rest of the day. Since the value is trading below the baseline, we might be seeing some movement in the downward direction for some time. However, the expectation is that Electroneum price might be able to escalate very soon!

Conclusion:

Since ‘buying’ ETN coin is an ideal trade decision, you might want to consider the resistance and support levels that will help you avoid further drops:

Resistance Levels:

  • R3: 0.004086
  • R2: 0.003992
  • R1: 0.003908

Support Levels:

  • S1: 0.00373
  • S2: 0.003636
  • S3: 0.003552

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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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