Price Analysis

Ethereum Price Analysis: Ethereum (ETH) Takes Giant Leaps To Secure A Market Leadership Position

  • Ethereum records 3% growth in a day
  • Ethereum ROI again crosses >9000% closing the week on a high note

Ethereum keeps moving rapidly every alternate day to maintain an orchestrated movement in the current market scenario. The platform is increasing its scalability and securing market leadership in being the best network to build dApps. This brings investors and traders closer to ETH mining and keeping track of its everyday movement to maximize gains. The market performance currently is progressive, positive, and has immense potential to surge higher in the next few months.

Current Price Statistics From Ethereum Price Chart:

ETH price has recorded an uptrend of over 3% in the last 24 hours when the coin value rose exponentially from $257.77 to its current value of $265.67. The maximum recorded value in the last one day was $265.43. As on June 14, 2019 at 05:30:22 UTC, the following trend was observed in ETH price chart.

ETH Price Chart - 15 June

  • ETH is currently trading at $265.67 and 0.03071757 BTC
  • The market cap of the coin has reached $28,303,393,952
  • The 24 h volume stands at $8,694,030,917
  • The ROI of the coin has reached >9000%
  • The circulating supply is now 106,495,536 ETH

ETH token is on a bullish trend and may cross its 30-days high of $287 in the coming weeks.

Ethereum Price Prediction:

Ethereum has shown over 2X growth since the beginning of the year and may double its performance in the coming quarters. The coin value may cross $300 if it continues to rise in the following month, and by the end of the year ETH may trade around $500. The new record high of ETH may take a little longer, but once it’s reached, there is no looking back for this token.

Conclusion:

Buying ETH in bulk is securing the future and is a sensible step in the current scenario.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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