Ethereum Price Analysis: ETH Manifests Slight Price Recovery, Remains Above $225
- Ethereum currently correcting down from $235
- ETH has rebounded after testing support near $203 over a day
Since the last week, ETH has been trading below $300 and it showed no sign of price surge till today. The price slump in ETH appears largely due to Bitcoin’s price fall from $13,000 to its key support level near $10,000.
However, today, Ethereum has started a steady upward price move as the coin has rebounded from the bottom at $203.52.
Ethereum Current Statistics:
ETH is currently trading at $225.47, at 10:09:24 UTC with a market capitalization of $24,199,365,498. ETH holds 106,919,740 ETH coins as part of its Circulating supply, and it fetches 7,893.02% of RoI.
ETH/USD Price Chart
The 24-hours price chart shows two opposite price trend in it as initially, the coin has traced a bullish trend line, but later a bit bearish impact is noticed in its price. Ethereum, after hitting bottom at $203.52 takes a steady rebound and reaches as high as $235.69. From here, it sees a mild decline of 4.33% in its price as the coin again pulled back near $225. Its current price is 21.51% lagging as compared to its 30-day SMA due to selling pressure.
Technical Indicators:
MACD for ETH is quite lowly volatile and had a bearish crossover, While the RSI for the coin is at 45 showing no extremities. According to Ethereum Prediction evaluated by expert, ETH may see major resistance at $231.53 and, can see major support at $215.1 and $200.43.