fbpx
Price Analysis

Ethereum Price Analysis: Ethereum (ETH) Goes Beyond $270 Mark after a 7 days’ Struggle

  • Ethereum (ETH) touches 272 USD after struggling for the last 7 days.
  • The 2019 target remains unchanged at 500 USD.

Ethereum (ETH) is one of the significant coins of current times. The coin has been performing pretty well since the starting of this year. The rate of increase is also commendable. However, the last week has been crucial for the coin. From 240 USD to it has made its journey above 270 USD in the previous 7 days. Notably, the past 1 day’s growth has been phenomenal. With two big surprises for the intraday traders, the coin managed to get itself up from 262 USD and finally managed to reach beyond 270 USD. The near future of the coin is bullish. The mid of next quarter may see the value around 350 USD. The medium-term price target should be 500 USD. Let us look at the current details of the coin.

Current Price Statistics From Ethereum Price Chart:

Ethereum Price Chart - 16 June

Ethereum (ETH)16th June 02:23 UTC
Rank2nd
ROI (Return on Investment)> 9000%
Coin Circulation106,507,266 ETH
Market Cap28,736,422,479 USD
Value in USD272.44 USD
Value in BTC0.03065370 BTC
24h Volume8,267,909,448 USD

Ethereum Price Comparison-

On 07th February, the value of Ethereum (ETH) was at 103.43 USD. The initial months of this year have been full of ups and downs for Ethereum. From 23rd February to 08th April, the coin experienced many short-term ups and downs. But there was an all overgrowth of almost 15% in this period. By the end of April, the coin showed strength and managed to gain 72.25% over 17 days from the price of 152.47 USD observed as on 29th April. The market cap on 16th May was 27,507,048,034 USD. And the value of each coin was 262.63 USD. The current market cap and the value of each coin are respectively 4.46% and 3.73% more than the values of the last month.

Ethereum Price Prediction-

Shortly, the coin is likely to have a bullish term. The next resistance point will be there around 350 USD. By the end of this year, the coin is expected to touch the most anticipated 500 USD mark.

Conclusion-

As the market is on an upper-trend, buying coin will be profitable. Holding until the end of this year will give huge returns.

Tags
Show More

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.

Related Articles

Back to top button