Price Analysis

Ethereum (ETH) Indicates Profitable Trading Ahead; Holds Strong Support at $181

Ethereum (ETH) is currently trading with the upside movement. The day is expected to bring good returns to the traders as the price indicating upsurge. ETH coin has already breached its immediate resistance level, and the current price as on October 14, 2019, is $183.17 at 07:53 UTC. There is a strong speculating that it would break the next resistance $187 soon.

Yesterday, the price was seen touching a high at $185.08 and a low at $180.32. The volume marked was at $6,733,182,273.

Ethereum Price Analysis:

ETH coin started dealing at $213.97 on August 01, 2019. The price jumped to $240 by 12.17% but later fell to $174.38 by 26.04%. Ethereum price kept slipping with few recoveries in the middle and closed the month at $172. The month recorded a 19.76% loss. In September, ETH’s price was seen moving up with a moderate speed. The highest mark touched by Ethereum was $225. The price soon slipped to $154.03 by 32.03%. The last few days brought the recovery of 20.46% and took the price to $185.55. The month marked a progression of 7.47%. In October, the first few days booked a loss of about 8.63%. ETH coin slipped from $185.55 to $169.70. There is also a hike noted in the price. The coin recorded 16.53% hike and reached to $198. Currently, the coin is trading at $183.17.

Ethereum Price
ETH Chart By TradingView

Today, the 24-hour volume is at $6,897,354,747. Ethereum is dealing with the market cap at $19,911,262,252, and the circulating supply is at 108,139,768 ETH coins. Today, Ethereum crossed its immediate resistance within 8 hours. The future prospect of the coin looks brighter.

We would recommend the traders to go for a long-term investment plan for Ethereum. The same might bring the maximum profit to the traders.

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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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