Electroneum Price Analysis: Market Pressure Governs Intraday Movement; ETN Continues To Dip

Electroneum (ETN) price was trading with a bullish outlook in the previous week. We are quite apprehensive that the currency would soon recover from the ongoing dip and start the rally soon.

If we talk about yesterday, the coin touched a high at $0.005295 and a low at $0.004495 with a volume of $718,140. Well, the counter seems difficult to be breached as the coin is indicating a drop in the intraday market, yet not impossible as the coin is expected to recover soon.

Current Statistics of Electroneum (ETN):

  • Electroneum is currently trading at $0.004880.
  • The ROI is noted as -94.83%.
  • The coin is ranked at 104th position in the crypto market.
  • The market capitalization is marked as $47,652,178.
  • The 24hr volume is noted as $557,054.
  • The circulating supply has 9,764,054,043 ETN.

ETN to BTC Price Comparison:

The chart is taken from Trading View as on 07th August 2019, at 11:26:33 UTC.

Electroneum Price Prediction
Electroneum Price Chart

The current trend reflects a recovering movement. Yesterday, the coin opened at 0.0000004229 BTC and immediately climbed to 0.0000004415 BTC by 4.35%. The coin slipped from 0.0000004415 BTC to 0.0000003743 BTC by 15.15%. The coin again climbed back from 0.0000003743 BTC to 0.0000004480 BTC. This time the escalation was of 19.69%. The coin closed at 0.0000004264 BTC marking an intraday progression of 0.90%. Today, the coin opened at 0.0000004264 BTC. It kept dealing at the same level for some time. Recently, the coin reflected a slight drop of 3.90%. The price slipped from 0.0000004348 BTC to 0.0000004179 BTC.

ETN Price Prediction and Conclusion:

Electroneum (ETN) is a perfect choice for short-term investors. The coin is quite volatile. The same add more adventures to it. The currency is lively and mostly hands over high dividends.

The currency is expected to rise till 0.00000070 BTC by the end of the ongoing year. The coin is anticipated to bring huge profits in the future.

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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