Price Analysis

Ethereum Price Analysis: Ethereum Dips By 1.3% Throughout The Day But May Close On A High Note

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  • Ethereum slips from $273 and $269 as the day unfolds
  • ETH token needs the extra push to remain afloat above $275

Ethereum has been showing a rise once in a while by moving past $275 value, but it is still not able to maintain the trend for a longer duration and keeps slipping back to trade around $270. The coin needs to break this pattern, and in the coming days, it may be able to trade above $280. In the day’s performance, it is a mix of highs and lows.

Ethereum (ETH) Price Statistics:

As per ETH price chart, The price of ETH coin had dipped by 1.3% since the beginning of the day when it was trading at $273. The coin has shown upward movement in the last 4 hours from $265 to now at $269 and continues to move upwards.

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Ethereum pirce chart - 18 June

Statistics 02:13:43 UTC 10:30:02 UTC
Price  (ETH to USD) 271.19 269.66
Price (ETH to BTC) 0.02922152 0.02934260
Market Capitalization 29,007,974,035 28,759,891,763
24h volume 5,959,227,260 5,912,820,696
Circulating Supply 106,534,540 ETH 106,538,609 ETH
Return on Investment >9000% >9000%

The price of Ethereum token has fallen slightly followed by the 24 h volume, but the market cap and circulating supply of the coin have shown an upward trend.

Ethereum Price Prediction:

Ethereum has shown a downward movement in the day, and it may close the day near $275 once again. In the coming days, Ethereum prices may surge up to $280 and may trade above this value for a longer time. In the last 7 days, ETH has gone as high as $278 but also fell to a low of $238. The lowest recorded value yesterday was $268, and this margin may reduce further showing a steady trend.

Conclusion:

It is a good time to invest in ETH and gain good returns as the day ends on a better note.

Ruti Vora

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

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