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Price Analysis

Ethereum Price Analysis: Ethereum (ETH) Might Be Escalating Back To $200 Mark Soon!

ETH, without a doubt, is one of the favorite coins in the crypto market. But at this time, we might have to wait for some time to see the growth in Ethereum price. Till then, some new announcements or updates might help with better visibility and more users in the network.

Current Statistics of Ethereum:

The ETH value is trading at $191.47 at 01:05 UTC on 23rd August 2019. The remaining factors in the chart are calculated as:

  • Return on Investment: 6652.01%
  • Total supply/Circulating Supply: 107,432,670 ETH/ 107,432,670 ETH
  • 24 Hour Volume: 7,553,198,525 USD
  • Market Cap Value: 20,540,197,505 USD
  • 7 Day high/low: 203.56 USD / 180.38 USD

ETH to USD Price Comparison:

Ethereum Price Prediction
Ethereum Price Chart by TradingView

Yesterday, initially, the ETH price was seen trading below the baseline. The value was trading at $182.95 at 02:09 UTC. The value then escalated drastically by 5.34% at 15:21 UTC with the trading value of $192.73. The value than further escalated by 1.15% at 18:08 UTC when the value changed to $194.95. The value today at 00:30 UTC was dropped by 3.02% trading at $189.06, which is escalated by 1.25% as of now.

Ethereum Price Prediction & Conclusion:

ETH coin is trying to move into an upward trend. The value as of now is fluctuating with slight downward movement. This time you might want to hold and watch the trend closely in order to take a wise trade decision. Today, on 23rd August 2019, it seems that the price of Ethereum might escalate in the right direction by the rest of the day.

The calculated resistance and support levels will help the traders to avoid losses:

Resistance Levels:

R3: 207.08

R2: 200.75

R1: 196.04

Support Levels:

S1: 185

S2: 178.67

S3: 173.96

To conclude, it seems that ETH might be a good currency to trade in as of now.

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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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