Price Analysis

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

Ethereum Price Chart
Ethereum 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. ETH may see major resistance at $231.53 and, can see major support at $215.1 and $200.43.

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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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