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Price Analysis

Ethereum Price Analysis: Ethereum Descends Even Further; Currently Trades at $270

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Ethereum price further drops from $275 and currently trades at $270. Ethereum seems to be anchored by Bitcoin and its price trend, but it does not exhibit the same here. Currently, Bitcoin is in its price bounce phase where it is making constant efforts to climb up again, but the same cannot be seen in the price trend of Ethereum. Rather the coin is slumping even further. The intraday price movement is an apt indication towards the plunging trends.

ETH Chart:

Ethereum Price Prediction-July 13uly
ETH Chart by TradingView

ETH Current Market Statistics:

  • Ethereum is currently trading at $270.82 at 9:25 UTC as on 13th July.
  • The coin holds a market cap of $29,029,509,587.
  • The coin currently has a circulating supply of 106,879,355 ETH and a 24h volume of $7,472,961,541.
  • Ethereum fetches >9000% Return on Investment (ROI) with the current trading price mark.

ETH to USD Price Comparison:

As per the above 1-day chart, the intraday movement of the coin has a mix of highs and lows, but the current inclination remains in the bearish zone. Yesterday, at 3:42 UTC the coin had the lowest rice mark $266.32 of the said time frame. At 10:11 UTC, the price trend gained the pace and the coin traded at $279.24, near its major resistance price of $280. However, the coin has been falling since the daybreak today and is currently trading at $270.82. The current price is 3.01% less than the highest price of the past 24 hours.

ETH Price Prediction and Comparison:

Looking at the current trading price momentum and current price trend, the major resistance and support lies at $280 and $265 respectively. The coin is expected to trade around $500 by the end of the year. Ethereum has been a result-giving coin for the long-term.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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