Ethereum Price Analysis: After Noticeable Escalations Yesterday, ETH Price Declines Marginally

Ethereum (ETH) recently came up with! They built this platform to set their transactions in privacy so that no one can access the history and balance of the transactions before. This will help in building more credibility and trust in ETH.

Let’s hope that the same credibility is visible in the chart soon.

Current Statistics of Ethereum:

ETH price is recently seen trading at $224.91 at 01:55 UTC on 8th August 2019. The other essential factors are as follows:

  • Return on Investment: 7857.86%
  • Total supply/Circulating Supply: 107,229,184 ETH/ 107,229,184 ETH
  • 24 Hour Volume: 6,984,945,051 USD
  • Market Cap: 24,162,623,410 USD
  • 7 Day high/low: 239.12 USD / 212.91 USD

ETH to USD Price Comparison:

Ethereum Price Chart
Ethereum Price Chart by TradingView

Yesterday Ethereum price was seen trading at $224.16 at 00:30 UTC. The value of ETH escalated by 1.69% from then at 04:50 UTC trading at $227.97. The value dropped by 1.96% at 08:08 UTC with the trading changed to $223.51. The value was then seen escalating by 3.22% at 13:16 UTC. The value saw a drop again by 3.96% at 16:44 UTC when the trades changed to $221.54. At 23:15 UTC, the value escalated by 2.41% trading at $226.93, which is now dropped again today!

Ethereum Price Prediction and Conclusion:

ETH, much equivalent to other coins, is up ’til now trading the bears’ example. In any case, holding to the proportional for quite a while might help the traders with getting a charge out of some glorious profits later for. So for the present, the resistance and support levels may help them with better decisions:

R3: 236.65

R2: 233.16

R1: 229.77

Pivot Point: 226.28

S1: 222.89

S2: 219.4

S3: 216.01

Moreover, with August ricocheting in tomorrow, Ethereum Prediction by experts, traders may presumably welcome the marvelous returns by the end of 2019.

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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