Price Analysis

Ethereum Price Analysis: Ethereum (ETH) Price Has Dropped By More Than 40% From The Highest Of The Last Month

A recent call-out was made on twitter to invite more application to ETH Boston. This is going to be the Boston’s first ETHGlobal Hackathon which is going to be organized on September 6-8 in Massachusetts. This official event might help in boosting the recent trades of ETH.

https://twitter.com/ETHBoston/status/1130195518821421056

Current Statistics of Ethereum:

The price of Ethereum is recently trading at $207.64 at 06:27 UTC on 30th July 2019. The other essentials are as follows:

  • Return on Investment: 7252.89%
  • Total supply/Circulating Supply: 107,109,077 ETH/ 107,109,077 ETH
  • 24 Hour Volume: 5,496,168,514 USD
  • Market Cap: 22,300,751,823 USD
  • 7 Day high/low: 224.25 USD / 202.25 USD

ETH to USD Price Comparison:

Ethereum Price Prediction
Ethereum Price Chart

Considering ETH statistics of the last 3 months, the lowest was seen on 1st May at 20:00 UTC with a trading value of $156.98. The value escalated by 82.04% on 30th May at 16:00 UTC trading at $128.78. The value, however, dropped by 19.65% on 9th June at 23:00 UTC with the trades changed to $229.20. The value from then escalated back again by 54.43% on 26th June at 17:00 UTC with the trading value of $124.74, and it reached at $353.94 which was the highest touchdown in 3 months.

The value from then dropped by 44.08% by 17th July at 13:00 UTC when the trading changed to $195.87. The value escalated by 19.34% on 20th July at 17:00 UTC when the value changed to $233.74. The value is slightly dropped by 11.06% from then as of now.

Prediction and Conclusion:

ETH, just like every other coin, is still trading with bears’ nature. But however, holding to the same for quite some time might help the traders to enjoy some delightful returns in the future. So, for now, the resistance & support levels might help them with better decisions:

Resistance Levels:

  • R3: 219.05
  • R2: 216.49
  • R1: 213.88

Support Levels:

  • S1: 208.71
  • S2: 206.15
  • S3: 203.54

And with August jumping in 2 days, let’s hope that traders might be able to enjoy the delightful returns by the end of 2019. It seems that the Ethereum price might reach up to touchdown of $500 by the end.

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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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