Ethereum Price Analysis: Ethereum (ETH) Makes Attempts To Get Back In The Bullish Zone

Ethereum is known to be popular and favorite currencies for many crypto followers. However, with the recent overstay in the bearish zone, investors may be concerned about their piece of investment in the coin. The coin is expected to surge with the full potential soon again.

Current Statistics of Ethereum:

ETH is currently trading at $213.42 at 02:24 UTC as on 12th August 2019. The other essentials contributing to the positioning of the coin are as follows:

  • Return on Investment: 7447.05%
  • Total supply/ Circulating Supply: 107,283,722 ETH/ 107,283,722 ETH
  • 24 Hour Volume: 6,105,332,000 USD
  • Market Cap Value: 22,926,933,374 USD
  • 7 Day high/low: 239.12 USD/ 203.79 USD

ETH to USD Price Comparison:

Ethereum Price Prediction
Ethereum Price Chart by TradingView

Yesterday the coin was trading at the lowest value of $205.72 at 00:01 UTC. The value then escalated by 2.94% at 03:35 UTC, with the trading value of $211.77. Within the same hour, the value then dropped by 2.20% at 09:16 UTC yesterday, trading at $207.11. The value then tremendously escalated by 4.51% at 23:58 UTC when the trading counters changed to $216.46. The value from then is slightly dropped by 1.40% as of now.

Ethereum Price Prediction and Conclusion:

ETH, simply like all other significant cryptocurrencies, is exchanging in the ‘bearish’ zone. Nonetheless, this may welcome some worry for the clients in the trading, as ETH has been falling in a similar zone for a long time now. The resistance level and support level may assist the clients withholding the situation for a more drawn out time without succumbing to real misfortunes:

R3: 229.71

R2: 223.16

R1: 219.62

S1: 209.53

S2: 202.98

S3: 199.44

According to the ETH price prediction, we expect that the coin may trade around $500 by the end of 2019.

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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