Price Analysis

Ethereum Enfeebled Over the Last One Day, Falls to $200

  • Ethereum loses 3.52% in the last 24 hours and falls to 200 USD.
  • The medium-term may get bullish for ETH.

Ethereum (ETH) is often known for its resilience averting grim market conditions. But this time it also seems to have been impacted. Over the last 24 hours, it has lost 3.52% and the value has reached 200 USD. The five price shifts have given Ethereum price trend a range of 211 USD and 199 USD.

ETH to USD Price Analysis:

Ethereum opened the other day at 211 USD and in the next 14 hours and 24 minutes, it fell to 204 USD after a 3.41% fall. It was followed by a marginal hike of 3% in the next 1 hour and 40 minutes and the value got placed at 210.49 USD.

However, this high figure could not be sustained for long and it took a dip of 5.44% to reach 199.06 USD by 21:21 UTC. This made the lowest point for the day. It took a lift of 1.65% from there and reached 202.70 USD by 01:18 UTC. The last variation came as another series of incapacitating and in the next 2 hours and 3 minutes, it lost 1.25% and got placed at 200 USD.

However, the current price trend has been constantly chasing 20 days and 50 days average. It hints at not so good days ahead for ETH.

Ethereum Price Chart
ETH Price Chart by TradingView

ETH price trend over the last 7 days has been volatile and the unprecedented fluctuations must have worried the short-term investors. But ETH is likely to run well in the long-term. The next resistance for ETH is likely to come at 208.54 USD.

Ethereum (ETH)Resistance and Support Levels
1st Resistance$208.54
2nd Resistance$215.16
3rd Resistance$218.49
1st Support Level$198.59
2nd Support Level$195.26
3rd Support Level$188.64
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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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