Price Analysis

Ethereum Price Analysis: Ethereum (ETH) Slips Down To Trade Below $300 Again

  • Ethereum slumps to trade at $294 after recording the lowest at $291 yesterday
  • ETH records more than 1.5x growth in the last 3 months

Ethereum prices have been treading the downward path, and the coin is not able to revive back since quite some time. The new investors may not find it a good deal for ETH’s incapability to fly high on its own and the coin’s dependency on the Bitcoin value. But, the slow trend may change if the firm brings on some global partners onboard. The current market performance showcases a dim picture.

Ethereum Price Statistics:

In the last 3 months, ETH has recorded considerable growth. ETH surged from $183.93 to its current value at $294.82 as on July 4, 2019, at 09:57:17 UTC recording an uptrend of over 60%. Also, the coin moved upwards almost steeply throughout the course but has been long stuck within $300 value with few surges here and there. The highest recorded value in the last 90-days happens to be around $361.

Ethereum Price Chart - 4 July
Ethereum Price Chart
  • The price of ETH is noted at $294.82 and 0.02593198 BTC
  • The market cap of the coin has been $31,431,610,050
  • The 24 h volume has been $9,365,392,996
  • The circulating supply of the coin has reached 106,756,129 ETH
  • The ROI of the coin stands at >9000%

ETH has been growing at a good rate over the year, but the coin needs to move past $300 and trade above it consistently now. The recent expansion to the new markets, including the Middle East, may bring the momentum back to swing in the coin in an upward direction.

Ethereum Price Prediction:

ETH may cross $400 mark by the end of July or may start trading above $350 at least by the end of this month. However, this year it may not be able to cross its all-time high value of $1432 if the coin does not pick up the pace soon enough. The technological updates and community engagement events are not sufficient. From the current trends, ETH may reach as close as $500 by the end of this year.

Conclusion:

As the price is low, this is a good time to buy ETH and hold on it for the value to go up at $350 or more.

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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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