Price Analysis

Ethereum (ETH) Slumps By 1.23% In The Last 4 Hours

  • Ethereum declines in last 4 hours and heading downwards
  • Ethereum to close the day again at $265

Ethereum has been testing the patience of investors since quite some time now and not giving any respite by trading above $280. The coin is caught in a never ending loop of moving within $275 since last few days and continue moving downwards now. The current market performance is the same as yesterday, and the day before, and the traders eagerly wait for a refreshing surge.

Ethereum Price Statistics:

As on June 19, 2019, at 11:30:03 UTC, the price of ETH coin is noted to be $266.51, and the coin has shown a decline of over 1.23% in the last 4 hours falling from $269.85 to its current value. However, the coin has shown an upward surge overall from its opening value of the day at around $263 but headed downwards again.

Ethereum Price Chart - 19 June

Statistics 08:10:34 UTC11:30:03 UTC
Price  (USD)269.22266.51
Price (BTC)0.029340240.02923655
Market Capitalization28,611,495,12528,352,723,213
24h volume5,841,345,3996,179,775,431
Circulating Supply106,551,111 ETH106,552,045 ETH
Return on Investment>9000%>9000%

In the last 4 hours, the price of the coin has declined, followed by market cap, but the 24 h volume and circulating supply of ETH has increased considerably. The ROI continues to be >9000%.

Ethereum Price Prediction:

As ETH is moving downwards now, it may close the day at or below $265 but tomorrow will be a new day, and ETH may revive back again to trade above $270 throughout the day without any sudden ups or lows. The week may end on a higher note.

Conclusion:

Ethereum has been moving steadily and hence usually closes the day on a lower note given its last two day’s performance. Hence, holding on to it until the end of the week is a good option for the intraday 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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