Price Analysis

Ethereum Price Analysis: Ethereum (ETH) declines by 0.6% in the past 4 hours

  • Ethereum may close another day on a low note trading below $270
  • ETH’s performance is below expectations throughout the week

Even though Bitcoin maintained a consistent performance above $9000 almost throughout the week, ETH has not followed the similar trail but performed exactly opposite by dipping certain values every day. The current market performance of the ETH coin is below satisfactory, and the traders seek a surge eagerly to decide on whether to hold on to the currency or let it go.

Ethereum Price Statistics:

Ethereum started the day on a low note but quickly picked up the pace to reach as high as $271.29 just before it started falling down once again and never rose back up. The current value of ETH to USD is noted at $268 and moving downwards as on June 20, 2019, at 11:45:42 UTC. In the last 4 hours, ETH has recorded a downtrend of over 0.6%.

Ethereum Price Chart - Jun 20
ETH Price Chart
Statistics 07:22:41 UTC11:45:42
Price (USD)269.15268.10
Price (BTC)0.029131500.02899897
Market Capitalization28,747,331,26728,570,503,566
24h volume5,774,763,9415,732,865,997
Circulating Supply106,564,409 ETH106,566,673 ETH
Return on Investment>9000%>9000%

The ETH price has declined along with its 24-hour volume and Market Cap. However, there’s a rise in the circulating supply of the coin marginally. The ROI remains at >9000%. The coin may close the day around $267.

Ethereum Price Prediction:

Ethereum has not shown any considerable surge in the past 2 days, and hence long term investments are the only viable option. The traders should hold on the currency as it may rise again in the next few weeks crossing $300 mark.

Conclusion:

This is a good time to buy ETH for the long term. The short-term gains may not be that beneficial in the current scenario.

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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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