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Price Analysis

Ethereum 5 Hours Price Analysis: Ethereum Continues To Float Around $260 Throughout The Day

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  • Ethereum may close yet another day trading at or above $260
  • Ethereum strikes again crossing over $264 in one day and will continue to surge more

Ethereum is maintaining a rhythmic movement throughout the day and has shown a rise of atleast 0.7% from yesterday’s high of $262 to today trading at $264. The price of ETH will only grow in the coming days given that there is an improvement in Bitcoin’s price movement and the upcoming development in the technology.  The 5-hour comparison statistics portray a decent picture.

Ethereum Price Statistics:

In the last 5 hours, ETH price has shown a slight decline of over 0.3% and currently trading at $257.83 as on June 13, 2019 at 11:20:43 UTC. The day started with an exponential surge in the price of ETH from $257 to $264 and after dipping to $258, it started rising again to reach $260. The day may close on or above $260 for ETH.

Ethereum Price Chart - 13 June

Statistics 06:31:08 UTC11:20:43 UTC
Price  (USD)258.78257.83
Price (BTC)0.032068440.03166335
Market Capitalization27,660,206,82027,394,209,006
24h volume8,902,464,0798,396,731,518
Circulating Supply106,468,679 ETH106,471,603 ETH
Return on Investment>9000%>9000%

 While the ROI remains above 9000%, the market cap has shown a declining movement followed by the 24h volume and total circulating supply of the ETH token.

Ethereum Price Prediction:

Ethereum may start trading above $300 in no time and if Bitcoin goes on a Bull Run any time soon, ETH is going to trade between the range of $500 and $550 by the end of 2019. ETH may close this week at or above $270 if it continues to surge.

Conclusion:

This is a good time to invest in ETH for both short-term and long-term gains. When the coin crosses $300, a certain percent of ETH assets can be sold out while keeping the larger remaining part for better dividends by the end of the year.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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