Ethereum Price Analysis: Ethereum (ETH) Price Take A Volatile Turn In The First Week Of The Third Quarter

Ethereum Price has been moving in its own direction. The volatility has many times raised the eyebrows of the traders but also given them the solace of drawing considerable profits in one day.

Ethereum is one of the most result oriented cryptocurrency in the market. The coin has never failed the expectation of the traders, and hence, the ETH coin has many loyal investors. Well, the same has helped Ethereum to maintain its position on the chart. In the coming time, the coin is expected to walk on the footsteps of Bitcoin (BTC) and rise on the chart.

ETH Price Comparison:

The price chart for ETH price analysis is taken from TradingView on 07th July 2019 at 03:47:29 UTC.

Ethereum Price Chart - 7 July 2019
5-Day ETH Price Chart

The first day of the month was a power-packed a day for the traders in Ethereum. The coin took a jump from $289 to $301 by 4.36%. There was a significant drop in the price observed on the same day. The drop took the price from $297 to $281 by 5.3%. On 2nd July, the coin again dropped from $298 to $274. The downfall was marked as 7.7%. 3rd July was the day of recovery as the price escalated from $291 to $300 by 3.34%. July 4 brought a major setback in the price as the coin dropped from $303 to $293. Later, the coin dropped from $293 to $280 by 4.43%. 5th July took the price up from $283 to $295. But later, the price dropped from $293 to $286. On 6th July, the price jumped from $289 to $297. And then, ETH dropped from $294 to $286.

Current Statistics of Ethereum:

Particulars Ethereum (ETH)
Rank 2
Price (USD) 289.09 USD
ROI >9000%
Circulating Supply 106,797,353 ETH
Market Cap 30,873,600,540 USD
24hr Volume 7,157,356,675 USD

Ethereum Price Prediction and Conclusion:

Ethereum Price has a high chance of yielding a profit on the chart. The long term investors can go for the coin with a high possibility of earning a profit. The short term investment is also good. The investment for the short term period will also give a fruitful result. By the end of 2019, Ethereum is anticipating to touch $500, as per the ETH predictions.

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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