Price Analysis

ETH is Slowly Getting Out of its Comfort; Yet Miles behind the 90 Days High

  • Ethereum’s last few days’ growth may not help to get it out from the sluggish movement of the last three months
  • The next resistance is likely to come at $157

Ethereum (ETH) has shown three huge price shifts in the last three months, and the price has traveled from 169.19 USD to 154.51 USD. It makes an overall loss of 8.67% over this period.

Ethereum Price Analysis

ETH coin was at 169.19 on August 31, and it got pushed to 221.91 USD over the next 19 days. It was followed by a freefall of 28.23% that cost it 62.65 USD, and the Ethereum price reached as low as 159.26 USD by October 23. The last variation happened between October 25 & November 25, and in these 30 days, Ethereum’s value showed a slump of 32.25% that pushed it to 132.45 USD. Since November 25, the bullish market conditions have in play, and the ETH price is showing a marginal rise.

Ethereum
ETH Price Chart By TradingView

Ethereum’s market cap on August 31 was 18.549 billion USD, and it has now fallen to 16.986 billion USD. It should be noted that there has been huge volatility in the market cap as well over the last 90 days.

Ethereum’s 200 days MA is now at 149.86 USD, and it’s 50 days MA stands at 153.26 USD. The current price of Ethereum at 154.51 USD is 0.81% and 3.10% more than the 50 days and 200 days moving averages, respectively. The upward trend is likely to continue for some more days, and ETH coin may find the next halt at 157.61 USD.

Resistance and Support Levels

R1- $157.6133, R2- $159.9266 and R3- $163.0033

S1- $152.2233, S2- $149.1466 and S3- $146.8333

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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