Ethereum Price Analysis: Ethereum (ETH) Price Gains 6.66% Over The Last 24 Hours
Ethereum has been able to go upwards over the last 24 hours and gain 6.66% in this period. It is a good sign for the coin, and it is likely to turnaround its situation anytime soon. ETH coin is currently racing towards 200 USD, and soon it would breach that level. The medium-term outlook of the coin seems bullish.
Current Statistics of Ethereum:
- Ethereum is the second-largest coin of the current times having an ROI (Return on Investment) of 6,843.91%.
- A total of 107,380,126 ETH coins are in current circulation.
- The Market Cap of Ethereum as on 19th August at 04:47 UTC is 21,077,588,596 USD.
- The price of Ethereum is 0.01887047 BTC and 195.52 USD.
- The 24-hour volume of Ethereum stands at 6,062,254,827 USD.
ETH to USD Price Comparison:
Ethereum started the year with a value of around 155 USD, and by the end of February; it maintained that price level with a few exceptions. Between 04th March and 08th April, Ethereum price got its first hike of 43.56%, and it pushed the coin to 180.17 USD. The second swing came in between 25th April, and 16th May, and this swing made the investors 72.45% rich by adding 110.72 USD to the price of ETH coin. The third swing was also an increment, and this took the coin to the highest level of the year till now. Between 09th June and 26th June, the coin managed to gather 103.31 USD and it could reach 333.98 USD. From there, with high volatility, Ethereum price fell to 186.19 USD over 52 days. The market cap on 19th July was 24,020,834,761 USD, and the value of each coin was 222.33 USD. The current market cap and the value of each coin are respectively 12.25% and 12.05% less than the figures for the last month. Visit our ETH price prediction post to find more details about the coin.
Ethereum Price Prediction:
The coin would go beyond the 200 USD price level by the end of this week. The medium-term of the coin seems to be bullish.
All the probable resistance and support levels are given below.
|1st Resistance||200.11 USD|
|2nd Resistance||205.73 USD|
|3rd Resistance||213.94 USD|
|1st Support Level||186.28 USD|
|2nd Support Level||178.07 USD|
|3rd Support Level||172.45 USD|