Price Analysis

Ethereum Price (ETH) Shows Marginal Hike of 1.5% Despite Gloomy Market

  • Price of Ethereum gains 1.5% in one day and reaches $183.
  • The range of the coin in the last one-month rests between $215 and $165.
  • The medium-term outlook is likely to be bullish.

Ethereum seems to have gone above the market condition, and it is now being traded at $183 after a smooth 1.5% hike in the last 1 day. The coin has shown four major price swings in the last month, and the range of the movements happens to be between $215 and $165. The medium-term of the ETH price is predicted to be bullish.

ETH Price Statistics-

ETHSeptember 10, 2019 – 03:09 UTC
ROI (Return on Investment)6,362.92%
Coin Circulation107,678,166 ETH
Market Cap19,740,115,313 USD
Value in USD183.03 USD
Value in BTC0.01775870 BTC
24h Volume7,418,152,606 USD

ETH to USD Comparison-

Ethereum Price
Ethereum Chart By TradingView

Ethereum’s first push happened between August 11 and 15, 2019, and this blow impelled the coin by 18.92% and placed the coin at $175 from $215. This was followed by a hike of 15.89% over the next 4 days, and it helped the coin to gain 16% to reach $202. However, the value at the range of $200 could not be sustained for long, and this took a dip soon to $165. This 18.37% fall had a break at $187 on August 28. It should be noted that the fall took the coin to the weekly low on August 29. The last swing of the week was a gradual hike of 11.45%, and this happened over 11 days from the same day. This hike added $18.90 in total of Ethereum price, and it had its high at $181.75 on September 03.

Ethereum Price Prediction-

Ethereum‘s movement in the last month, is not volatile like its peer, Bitcoin. However, no short-term growth is expected from the coin. The medium-term is likely to be bullish. The next probable resistance and support levels are listed below.

EthereumSupport & Resistance Level
1st Resistance$184.3933333
2nd Resistance$187.6366667
3rd Resistance$191.1233333
1st Support Level$177.6633333
2nd Support Level$174.1766667
3rd Support Level$170.9333333

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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