Ethereum Price Analysis: Ethereum (ETH) Is Coming Back To The Upsurge Mode!

Recently, Ethereum announced Gas Station Network which is an onboarding solution for Ethereum that removes the technical burden from the users.

After this announcement, ETH might be able to acquire more loyalty from their users.

Current Statistics of Ethereum:

Ethereum price is trading at $212.64 at 01:39 UTC on 10th August 2019. The other essentials are as follows:

  • Return On Investment: 7414.15%
  • Total supply/Circulating Supply: 107,256,099 ETH/ 107,256,099 ETH
  • 24 Hour Volume: 7,094,993,614 USD
  • Market Cap Value: 22,821,118,509 USD
  • 7 Day high/low: 239.12 USD / 208.25 USD

ETH to USD Price Comparison:

Ethereum Price Prediction
Ethereum Price Chart by TradingView

Yesterday at 00:04 UTC, the price of Ethereum, was seen trading in the higher zone with the trading value of $221.27. The value dropped by 2.73% by 05:05 UTC trading at $215.24. The value then increased by 1.53% at 08:19 UTC with the trading value changed to $218.38. ETH price from then dropped again by 5.01% at 10:49 UTC with the trading value of $207.45.

The value saw a slight increase by 2.38% from then at 13:34 UTC trading at $212.38. The value dropped again by 2.63% at 17:30 UTC with the changed value of $206.79. Today at 00:27 UTC, the value increased by 4.09% trading at $215.20, which is now trading around the same zone as of now.

Ethereum Price Prediction and Conclusion:

ETH coin continues to fall under the downtrend. However, existing users are a little annoyed about holding the position for a long time, but this opportunity has also invited many other new users to join the network. As per ETH prediction, the coin might continue to reflect volatility in the near term. For a safer trade solution, the resistance & support levels might be useful for the traders:

Resistance Levels:

  • R3: $231.59
  • R2: $226.48
  • R1: $218.48

Support Levels:

  • S1: $205.37
  • S2: $200.26
  • S3: $192.26

Ruti Vora

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

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