Price Analysis

Ethereum Price Analysis: Ethereum Drops From $296 To $275 In No Time

  • Ethereum is recording more dips than highs since last few days
  • Ethereum grows by 1% in the last 5 hours but dips by 6% overall in the day

Ethereum has been steadily moving downwards since the beginning of the day and has reached as low as $271.77 in the last few hours. The current market performance of the coin portrays a dim picture of any immediate gains, and the traders have to wait longer for making any considerable profits. The long-term investments continue to be a better option still and ensure much more security.

ETH Price Statistics:

In the last 5 hours, ETH token has surged from $271.77 to its current value of $275.92 as noted on July 2, 2019, at 11:12:22 UTC. The coin recorded an uptrend of over 1.5% in this time period but has fallen from $296.04 in the beginning of the day to trade at $271.77 recording  8% dip. The ETH price chart as below:

Ethereum price chart - july 2

Statistics 06:55:35 UTC11:12:22 UTC
Price  (ETH to USD)276.25275.92
Price (BTC)0.028204270.02820348
Market Capitalization29,653,206,17629,424,617,905
24h volume10,270,274,34310,124,296,826
Circulating Supply106,727,869106,729,926 ETH
Return on Investment>9000%>9000%

The price of the coin has decreased from $276.25 to $275.92 in the last 4.5 hours along with its 24 h volume and market cap. The ROI remains at >9000% but circulating supply has shown a surge.

Ethereum Price Prediction:

ETH may close the day on a lower note trading around $275 and may continue with the same bearish trends in the next few days also. The coin, however, may pick up pace towards the end of the week and may rise above $350 once again.

Conclusion:

This is the time to sit tight and hold on to ETH currency as the good days are not far away.

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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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