Ethereum Price Analysis: ETH Price Has Dropped From $235 to $175 in The Last 30 Days

Ethereum has finally started following the trend of all other major coins, and it has gained 1.26% in the last 24 hours. In the last 30 days, ETH coin has shown four major unprecedented price swings, and it has dropped from 235 USD to 175 USD in this period.

Current Statistics of Ethereum

  • Ethereum, with an ROI (Return on Investment) of 6,444.68%, is ranked 2nd in the market.
  • The total number of ETH coin in the current supply stands at 107,355,201 ETH.
  • 19,867,797,246 USD is the current Market Cap of Ethereum as on 17th August at 08:00 UTC.
  • The price of Ethereum with respect to USD and BTC stands at 184.96 USD and 0.01787211 BTC respectively.
  • The 24-hour volume of the coin rests at 6,434,663,137 USD.

ETH to USD Price Comparison

Ethereum Price Chart - 17 Aug 2019
ETH Price Chart by TradingView

Ethereum price was being traded near 197.02 USD on 17th July. By 20th July, it gradually moved to 234.90 USD. From 20th July to 28th July, the ETH coin went down by 15% and reached 199.48 USD. It was followed by a hike of 18.83% and by 06th August, the ETH price was hovering near 236.89 USD. This makes the highest point of the month. But this momentum was soon lost, and with a loss of 14.26%, the coin touched 203.22 USD by 10th August. The last swing is the deciding one as it took the ETH price to its lowest at 175.78 USD with the help of an 18.46% drop by 15th August.

Ethereum Price Prediction

ETH coin has high fundamentals to back it up, and it has higher chances of fetching price rally after a few instances of corrections. According to Future ETH Forecast, the coin is likely to be a much higher value against USD by the end of the year. Below are the details of upcoming resistance and support levels of Ethereum.

Ethereum (ETH) Resistance & Support Levels
1st Resistance 189.44 USD
2nd Resistance 193.44 USD
3rd Resistance 197.97 USD
1st Support Level 180.91 USD
2nd Support Level 176.38 USD
3rd Support Level 172.38 USD

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

Related Articles

Back to top button