Price Analysis

Ethereum Price Analysis: ETH Bounces Back, Shows Sign of Positivity

In order to grow in the open-source network, Ethereum has recently introduced Ethereal Blocks that might help in acquiring attention from them Blockchain followers.

Current Statistics of Ethereum:

The price of Ethereum is trading today at $187.89 at 01:27 UTC on 16th August 2019. The other essential factors of ETH coin are as below:

  • Return on Investment: 6546.23%
  • Total supply/Circulating Supply: 107,337,743 ETH/ 107,337,743 ETH
  • 24 Hour Volume: 8,063,529,049 USD
  • Market Cap: 20,200,543,737 USD
  • 7 Day high/low: 217.98 USD / 178.14 USD

ETH to USD Price Comparison:

Ethereum Price Prediction
Ethereum Price Chart by TradingView

Yesterday, the highest price of ETH was seen at 00:33 UTC trading at $189.11. The value dropped by 7.68% at 06:27 UTC with the trading price of $174.58. Then, the Ethereum price escalated by 7.62% yesterday at 16:05 UTC value trading at $187.82. The value than slightly dropped by 2.63% at 17:20 UTC with the trading value of $182.87. ETH price increased by 3.60% at 23:30 UTC with the trading value of $189.50, which is slightly dropped as of now.

Ethereum Price Prediction and Conclusion:

Ethereum price has dropped at the starting of the day. And right now, most of the coins are trading under the bearish zone. However, ETH is now moving in the same range as some stability. But, for safer trade, traders should trade under the resistance and support levels, which are as follows:

Resistance Levels:

R3: $203.91

R2: $196.69

R1: $192.59

Support Levels:

S1: $181.27

S2: $174.05

S3: $169.95

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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