Price Analysis

Ethereum (ETH) Price Analysis: ETH Prices are Expected to Catch the Bullish Trend and Cross $500

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Ethereum (ETH) price is presently experiencing a regression, but it will soon rise and shine. Crypto market’s most result giving currencies are Bitcoin and Ethereum. After coming out of the recent price drop, Bitcoin and Ethereum are expected to catch up their momentum soon.

As per the recent trend, the movement may seem bearish, but the same is a small bump in the road for Ethereum (ETH). Attracting investors through its movement is Ethereum (ETH) coin’s old but fruitful technique. It looks like Ethereum (ETH) is using the technique again as the current movement of Ethereum (ETH) is pointing towards a brighter future.

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Let’s have a look at the stats of Ethereum (ETH):

  • The price of Ethereum (ETH) is 243.79 USD.
  • The ROI is 8,545.01%,
  • Ethereum (ETH) is holding the second position in the market.
  • The market capitalization is around 26,049,946,367 USD.
  • The 24hr volume of Ethereum (ETH) is 7,134,760,886 USD.
  • The circulating supply is 106,415,862 ETH.

Ethereum Price Chart- June 09

As per the chart from Trading View on 9th June 2019, at 08:51 UTC, the price of Ethereum (ETH) started climbing the ladder from May 2019. On 1st May, Ethereum (ETH) was trading at $161.74, later on, 18th May the prices skyrocketed and touched a high at $277.10. On 30th May, the price of Ethereum (ETH) reached $286.71. The prices started dropping from June 2019.

Ethereum Price Chart- June 09

 

Yesterday’s chart is also exhibiting a price drop by 1.8%, as the opening price was $248.93 and the closing price was $244.35. Starting from the morning, the price was struggling to maintain the momentum around $250, but the effort was futile. After touching a low at $241.74, Ethereum (ETH) closed around $244.35. Today’s chart reflects that the price of Ethereum (ETH) started with a bearish trend, but around 7:00 UTC, the price caught up the bullish trend. Amidst the random ups and downs, Ethereum (ETH) is presently dealing at $243.65.

Ethereum Price Prediction-

Ethereum (ETH) is likely to touch $400 in the coming few months. By the end of 2019, the currency can reach until $500.

Conclusion-

The investment in Ethereum (ETH) is likely to give good returns. Long term investors can draw huge dividends in the coming years from the currency.

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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