Price Analysis

Ethereum (ETH) Struggles Around $175 Amidst Bear Pressure

  • Ethereum surges from $175 to $222 and then drops back to $176 in 30 days
  • ETH price may cross $180 by next week

Ethereum has been the second most talked about crypto in the current times after Bitcoin. ETH coin has also given investors many reasons to invest in huge amounts. It surged up to $318 this year. The current market performance may depict sluggish trends, but this may transform soon by the year-end.

Ethereum Price Prediction

As on October 5, 2019, at 03:17:43 UTC, the coin is noted to be at $176.11 and is moving in the upward direction. ETH coin has recorded a marginal drop in the last one month slumping from $175.58 to its current price. The coin first moved from $175 to $222, but then started slumping and hit as low as $155. The price of Ethereum has gained momentum since then and may move past $180 soon.

Ethereum
Ethereum Price Chart by TradingView

Ethereum is moving in the upward direction as of now. It may move past $180 soon and may start trading between $180 and $200 in the next few days. ETH price can be expected to surge up to $210 by the end of the month and may cross its monthly high value $222 in the next two months.

This is a good time to plan long-term investments in Ethereum, which may benefit in the future. The coin can also be profitable for short-term trading. For intraday traders, it is recommended to consider following support and resistance levels before entering into the trade,

R1: $179.17, R2: $181.36 and R3: $184.16

S1: $174.18, S2: $171.38 and S3: $169.19

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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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