Ethereum Exhibits Nominal Recovery in the Last 24 Hours

Ethereum price is dealing with the bears since the opening hours. The currency is under huge market pressure. We are anticipating that it would be lifted soon. The currency holds great potential for improvement. The coin is speculated to give a flourishing return in the future.

As per yesterday’s statistics, ETH coin touched a high at $185 and a low at $181. The volume was marked around $9,145,611,130.

Ethereum Price Analysis

Yesterday, Ethereum started dealing at $182.66. The first few hours created a pullback and touched $181.24 by 0.79%. Later, the currency escalated to $183.55 by 1.28%. Further, ETH price again fell, and this time touched $179.94. The regression was marked by 1.98%. The last few hours took the currency up to $185.36 by 3.01%. The intraday price movement brought an overall escalation of 1.47%. The coin closed the day at $185.36. Today, it kept slipping since the opening hour. The loss marked is around 1.11%. The current price of Ethereum is $183.26.

Ethereum Price
ETH Chart By TradingView

ETH price isn’t reflecting any indications of improvement. The currency is slowly moving towards the immediate support level at $181.69. There is a strong possibility that it might breach the next support at $179 too.

Resistance Level Price
R1 $185.66
R2 $187.34
R2 $189.63
Support Level Price
S1 $181.69
S2 $179.4
S3 $177.72

Ethereum is speculated to improve in the coming days. The current momentum might not be impressive, but the future of ETH is speculated to be great, as per Ethereum prediction by experts. The traders who have invested in the coin in the past must be aware of the success of the coin. The currency is recommended for long-term investors as it is speculated to bring the desired result in the specified time.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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