Price Analysis

Ethereum Price Analysis: ETH Making Efforts to Stay Above $215

  • Etherereum currently correcting down from $222.04
  • ETH starts to rebound, currently trying to trade above $215
  • The coin traces a bullish trend line while having support near $207

Ethereum price is finally showing a positive movement as the coin has found support below $200 and has rebounded from there. At present, the coin is in the hassle to move above $215 price range. 

In the last one week, the coin has witnessed major price loss as ETH was above $300 and in the last couple of days, ETH has hit the bottom even below $200 and $195. However, now when BTC price has started its price recovery and has reached above $9800, further bullish price move in Ethereum also is expected.

ETH Current Statistics: 

Ethereum was trading at $215.53 at 09:52:13 UTC. The coin holds $22,962,689,354 of market capitalization while having circulating supply of 106,947,208 ETH. ETH currently fetches 7,482.60% of RoI.

Ethereum Price Chart:

Ethereum Price Chart
Ethereum Price Chart

Yesterday the coin opened with its price at $199.07 and it further tumbled to $196.20. After an extended fall below $195, the coin had support near $193.17 and it surged to $220.15 and corrected down. The coin has formed strong support near $207.25 and again climbed above $215. In the last 24 hours, ETH has increased to 8.26%.

The current price of ETH is 23.76% lower than its 30-day SMA of $282.71, indicating that the coin has a long way to go to tap on a bullish trend. The coin is still under selling pressure.

Technical Indicators:

The MACD chart is moving into a bearish zone as the MACd line is below the signal line. RSI for the coin is at 50 showing stability. Ethereum’s immediate resistance can be at $221.64 and $231.81, and support levels at $197.65 and $183.83.


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.
Event Information
Event Information
Back to top button