Price Analysis

Ethereum (ETH) Dips To $293 By Crossing $300 Once In The Day

  • Another slow day for ETH keeps the traders concerned for future
  • Ethereum records 1.4% dip in the last 4.5 hours

Ethereum has not been able to move significantly and records slow trends in yet another day. The coin started the day on a low note trading at $292 but quickly picked up the pace to reach $301.12. However, it did not stay there for long and came tumbling down to trade below $297 after only a few hours. The current market statistics show crawling trends.

Ethereum Price Statistics:

Since the beginning of the day, ETH has shown a mix of high and low trends by first rising up to $301.12 recording a surge of 3% and then falling to its current value of $293.49 as on July 3, 2019, at 11:25:32 UTC recording a dip of 2.5%.

ETH Price Chart
ETH Price Chart
Statistics 06:07:34 UTC11:25:32 UTC
Price  (USD)297.79293.49
Price (BTC)0.026345690.02652444
Market Capitalization31,756,670,55031,282,941,790
24h volume10,712,387,93810,289,414,122
Circulating Supply106,740,861106,744,076 ETH
Return on Investment>9000%>9000%

ETH has shown a declining trend in the last 5 hours with price dropping from $297 to $293, the market cap also dipping by considerable margins along with the 24 h volume. The circulating supply of the coin has shown a surge.

Ethereum Price Prediction:

Ethereum may start surging higher by the end of the week and may trade above $300, but traders can expect more sluggish trends for some time now. ETH prices may trade around $330 to $350 by the end of this week, and once it picks up pace, it may rise up to $400 by the end of this month.

Conclusion:

This is a good time for long-term investments in ETH. Short-term gains may not be that much, and $300 value can be targeted for trading ETH for quick gains.

Tags

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.

Related Articles

Back to top button
Close