Price Analysis

Ethereum Price Analysis: Ethereum (ETH) ranks 2nd in Dapps.com Q2 list; will this be a turn-on for the coin?

  • Ethereum (ETH) falls after Tron (TRX) in Dapps.com quarter 2 list.

Dapps.com released the quarter 2 list where Ethereum ranks after Tron (TRX). EOS stands third on the list, but there is a possibility that EOS might go up and supersede Ethereum. However, Ethereum (ETH) is manifesting average results in the market in terms of trading prices as of now. After yesterday’s uptrend, the coin is in the bullish zone even today. The same reflects that the coming period with Ethereum will be profitable.

The analysts have predicted that by 2021, Ethereum will handle two hard forks, but by 2022, the insurance in Ethereum might be reduced by 10x. If the prediction turns out to be true, then the investment in Ethereum would be safe for a long period of time.

Ethereum Current Statistics:

As per the Trading View chart of 06th July 2019, at 03:37:04 UTC, Ethereum is heading towards the recovery on the weekend. In the last 5 days, the coin experienced enough volatility, but still dealing in profit. On 1st July the price of ETH was $289. The coin opened with an upsurge of 4.31% and touched $301.69. Later, on the same day, the coin dropped by 6.25% and took the price down from $300 to $281. However, the day closed with a profit of 3%. The closing price was $297.90. July 2 was a disappointing day for the traders as the coin touched the lowest at $274. There was a loss registered in the intraday trading where the coin switched price from $297 to $294. On July 3, the coin booked an upsurge in price by 3.08%. The price switched from $294 to $303. The next day, Ethereum dropped from $303 to $282 and registered loss by 6.65%. On 5th July, the coin marked recovery from $282 to $287. The recovery marked was of 1.77%. Today, the coin opened with an upsurge. We are expecting the coin to remain the same for the day.

Summary of the Statistics:

ETH

Particulars Ethereum (ETH)
Price (USD)$292.55 USD
Rank2
ROI>9000%
24hr Volume$8,752,233,045 USD
Market Cap$31,184,951,222 USD
Circulating Supply106,780,385 ETH

Price Prediction and Conclusion:

Ethereum is one of the top coins in the crypto market. The coin has never failed to lure the investors’ expectation and we are certain that it will continue to do so. The coming period in ETH is quite promising. However, the long-term investment in Ethereum is indicating risk, hence we would recommend the traders for diverging the investment.

The current period is too volatile. The traders should keep it tight for some time until there is some stability in the market. Post the time, the traders can dig in Ethereum.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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