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Price Analysis

Ethereum (ETH) Grows by 5.6% in a Day; Value Roams Around $219

  • Ethereum gains 5.6% to touch 219 USD in the last 24 hours.
  • It may find the next resistance at 225 USD.

Amidst the blood bath in the whole market, Ethereum (ETH) has managed to sustain its growth. In the last 24 hours, it has gained over 5.6% and the current value is now roaming around 219 USD. Though it is little below its previous high of 230 USD but, has surely not cut huge.

Ethereum Price Analysis

The first price variation of Ethereum started at 03:04 UTC and over the next 6 hours and 44 minutes, it went on to add 6.40 USD and got placed at 208 USD. The next variation happened between 11:53 UTC and 17:14 UTC and this 8.70% addition took ETH to 223 USD, marking the highest point of the day. Later, this value also did not be last long, and it lost 3.29% in the next 9 hours having a break at 217 USD and the latest value got placed near 216 USD.

Ethereum Price
Ethereum Chart By TradingView

Ethereum has been showing strength for the last few days. The value against USD is likely to be lifted in the coming days and ETH is likely to face resistance at 227 USD might be waiting for Ethereum. Long-term investors are likely to reap good returns.

Ethereum (ETH)Resistance and Support Levels
1st Resistance$225.87
2nd Resistance$230.46
3rd Resistance$235.05
1st Support Level$215.69
2nd Support Level$210.1
3rd Support Level$200.51

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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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