Price Analysis

Ethereum Gains 17.27% Overnight; Approached $200 for a While

  • Ethereum gained 17.27% in the past 24 hours
  • The next resistance awaits at 195 USD

Ethereum (ETH) has followed the path of its peer, Bitcoin. In the last 24 hours, it gained 17.27% and after comfortably crossing 180 USD, it is now nearing 190 USD. The three price swings have been in the range between 160 USD and 198 USD.

Ethereum Price Prediction:

ETH price opened the day trading at 160.67 USD and its first swing started at 10:33 UTC. From there it went on to add 14.42% to be placed at 187 USD by 17:22 UTC.

The second variation happened between 17:34 UTC and 01:44 UTC and in these 8 hours and 10 minutes. It scaled as high as 19.57 USD to be placed at 198.72 USD, marking the highest for the day. However, from 01:44 UTC, it weakened its position and by 02:41 UTC, it was pushed to 189.43 USD.

Like the value against USD, the market cap of ETH also has seen an incredible hike. Between October 25 and 26, the market cap has reached 20.597 billion USD from 19.658 billion USD.

Ethereum Price Chart
ETH Chart by TradingView

The coin’s 20-day average stands at 178.37 USD and its 50-day average is at 182.88 USD. The current ETH to USD price is 188.43 USD is 3.03% and 5.63% more than the 50-day and 20-day moving average respectively. Its next halt may come at 195 USD.

Ethereum (ETH)Resistance and Support Levels
1st Resistance$190.02
2nd Resistance$195.52
3rd Resistance$210.05
1st Support Level$180.99
2nd Support Level$ 175.46
3rd Support Level$ 170.96
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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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