Price Analysis

Price Analysis of Ethereum (ETH): Ethereum Closes the Week on a High Note With New Plans for Future

Ethereum (ETH) has a long way to go, and with over an investment of $30 Mn, it shouldn’t be hard to make platform enhancements faster. The competitors have to up their game as ETH has upped the game standards for all and ready to reveal its true power. The market sentiment is strong than ever before for this smart contracts based cryptocurrency. Additionally, the firm is leaving no stone unturned in building long-lasting engagements through events like a hackathon. Bringing together like-minded people to discover the power of blockchain and create something new is all that is needed to establish an edge. Ethereum reveals its plans for the next year through a tweet.

Ethereum Price Statistics:

Ethereum

As on May 25, 2019, at 05:33:57 UTC, below market trends, were observed for Ethereum (ETH). The traders can expect a further upward movement before the day closes.

Ethereum price is trading at $252 currently and has fallen by almost 2 USD in the last 3 hours; however, it is again drifting in the upward direction. Being ranked in the second position in global cryptocurrencies ranking, Ethereum has justified its position quite well in the last two weeks with the coin value crossing 200 USD milestone & recording continuous progress. The market capital of the coin has been $26,872,111,829, and 24 h volume has reached almost $9,600,162,685. The circulating supply of the coin is now 106,211,995 ETH. In the last 7 days, the coin value has crossed the 260 USD threshold and not fallen below 230 USD.

Conclusion:

Ethereum is gaining a lot of community support lately and connecting communities through common platforms. The coin is going to reach for the $300 milestone in the next one month, and if the tides remain favorable, ETH should cross 500 USD mark by the end of 2019. However, it’s a long road before the coin reaches its all-time high value of over $1400. Buying ETH can be a lucrative deal now.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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