Price Analysis

Ethereum (ETH) Price Analysis: Ethereum Value Hops To Multi Month High

Ethereum price seems to be gaining great grounds since the beginning of the year. Despite its occasional ups and downs, it has managed to continue a higher interest level for the traders and investors.

Let us understand the price analysis of the coin:

Ethereum Chart

  • Currently ranked at number 2
  • As per 10:01 UTC time, the market value of the coin was 26,615,808,200 USD.
  • Price of the coin is 250.62 USD.
  • 24-hour volume figures are 10,283,759,424 USD.
  • 106,198,878 coins are currently in circulation.
  • Return on investment is around 8,761.87%.

ETH Price Comparison:

  • On 7-February-19 10:01 UTC time, the price of the coin was 88 USD.
  • Looking at the price of the coin from 7-February-19 to date, there has been a massive rise in the price of the coin by 137%.
  • Since the fall in the month of February, the price of the coin has seen steady growth and bullish trend without any sharp decline to date.

ETH Price Prediction:

Looking at the current scenario, by the end of this year, the price of the coin is expected to reach around $450/ $500. With a potential bitcoin-prompted bull run, achieving the past unsurpassed high of $1400 is feasible by the end of 2020. Financial specialists can hope to start purchasing and selling Ethereum by means of their venture accounts in a similar way as they would other unregistered OTC securities in about fourteen days.

Conclusion:

The Ethereum establishment expects to convey scholastic inclusion to Ethereum, which would purportedly draw in top-level scientists and engineers and gives to scholarly groups and associations. Clearly, it is a very good investment with the kind of returns expected by 2020.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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