Price Analysis

Ethereum (ETH) Drops By 3% In The Day And 0.6% In The Last 3.5 Hours

  • Ethereum records a drop of 3.3% in the day from $303 to $293
  • Ethereum may close another day trading below $295

Ethereum is observed to be moving downwards since past few hours, and the coin has recorded its lowest value of the day as noted until now at $293. It may further go down and close the day trading at $290 as also reflected in the current market performance of the coin.

Ethereum Price Statistics:

The coin started the day trading at $303.96 and then moved downwards as the day unfolded. Currently, it is once again trading at $293, which also seems to be the lowest value of the currency till now as of today. Overall, in the day, ETH has recorded a downtrend of over 3% while in the last 3.5 hours the coin has dipped about 0.6% from $294.82 to $293.01 as on July 4, 2019, at 11:25:59 UTC. The coin was trading around $293 at the same time yesterday as well.

ETH Price Chart - 4 July
ETH Price Chart
Statistics 09:57:17 UTC11:25:59 UTC
Price  (USD)294.82293.01
Price (BTC)0.025931980.02608493
Market Capitalization31,431,610,05031,326,524,230
24h volume9,365,392,9969,427,483,654
Circulating Supply106,756,129106,757,664 ETH
Return on Investment>9000%>9000%

The price of the coin has declined along with the market cap, but the 24 h volume has recorded some surge, and so has the circulating supply of ETH. The coin may close the day trading around $295 or above.

Ethereum Price Prediction:

Ethereum’s daily trading value average is declining, and the coin has been mostly trading below $300 for the major parts of the day. This indicates that it may take longer for ETH to cross $400 and head towards $500 value. ETH may close this week trading between $295 and $310 while the coin may pick up pace in the coming week and trade between $320 and $360.

Conclusion:

Hold on to ETH and wait for the bullish trends to return for sell.

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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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