Price Analysis

Ethereum Price Analysis: Ethereum (ETH) Takes The Shelter of $207, Is $205 its Next Home?

Ethereum is down by 0.79% over the last 24 hours. With one positive growth variation, the ETH coin has faced three swings that cut the valuation from the coin. Here is an analysis of the Ethereum price movement for the last week. We should first look at the current details of the coin.

ETH Current Statistics-

Ethereum (ETH)14th August 04:26 UTC
ROI (Return on Investment)7,253.42%
Coin Circulation107,312,238 ETH
Market Cap22,324,680,238 USD
Value in USD207.63 USD
Value in BTC0.01953820 BTC
24-Hour Volume6,011,260,360 USD

ETH to USD Comparison-

Ethereum Price Prediction
Ethereum Price Chart by TradingView

Ethereum has shown a cut in the value against USD by 6.45% and reduced to 215.70 USD from 230.59 USD. This was followed by another swift fall of 8.62% that took the coin to 202.08 USD. This is the lowest point of the coin of the week. However, the third swing came as a surprise when it started gaining strength, and by 11th August, it was at 216.56 USD. However, a steep fall was the next swing that happened, and the 5.63% decrease in the value forced the coin to 204.43 USD by 13th August. The last day has been little ominous for the coin as it has been hovering around 207 USD.

ETH Price Prediction-

Ethereum, as one of the top coins of the market, is likely to turnaround its situation soon. Here are all the probable resistance and support levels of the coin.

Ethereum (ETH) 
1st Resistance211.5866667 USD
2nd Resistance214.4633333 USD
3rd Resistance217.5466667 USD
1st Support Level205.6266667 USD
2nd Support Level202.5433333 USD
3rd Support Level199.6666667 USD



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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