Price Analysis

Ethereum Price Analysis: Ethereum (ETH) Resumes Back To Trading Below $300

  • Ethereum continues with the slow movement, trades below $300
  • Ethereum may pick up pace in the coming week

Ethereum has been trading well since last weekend before the start of the slow trends when the coin again slipped back to trading below $300. ETH holders anticipate the coin to pick up the pace soon and trade above $350 again. The coin is also expected to cross the $400 mark and head towards bullish trends. Bitcoin’s movement has been directly affecting ETH price as well, and if BTC rises above $13,000 again, ETH may cross $400 this time. The current market performance is slow but progressive and futuristic.

Ethereum Price Statistics:

As on June 29, 2019, at 08:29:13 UTC, the price of ETH is noted at $299.05 and is rising upwards. In the last 5 days, ETH showed an uptrend of over 17% rising from $309.93 to as high as $362.92, but it started dropping steeply after 27th June and reached as low as $274 again. The coin is currently trading below $300.

ETH Price Chart - 29 June
ETH Price Chart
  • The price of ETH is noted as $299.05 and 0.02581381 BTC
  • The market cap of the coin is now $31,979,092,210
  • The 24-hour volume is now $10,953,910,549
  • The circulating supply of ETH is noted at 106,687,877 ETH
  • The ROI now stands at >9000%

ETH has shown a downtrend of 17% in the last 2 days dropping from $362 to its current value and yesterday’s lowest value was recorded at $292.

Ethereum Price Prediction:

After trading above $300 for consecutive 5 days since last weekend, ETH has started resuming back to sluggish trends and trading below $300. However, the coin may pick up the pace and start rising above $315 by tomorrow end of day and start the next month on a higher note. ETH may be head towards $500 by the end of next few months.

Conclusion:

This is the right time to invest in a coin like ETH and expect both long term and short-term gains.

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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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