Price Analysis

Ethereum Price Analysis: Ethereum (ETH) Tumbles Again But Jumps Back To $306 Within A Day

  • ETH gets the investors concerned about the coin’s switch to sluggish trends

Ethereum has been performing at its best since the beginning of the last week of June, but as the week as well as the month approaches end, ETH token seems to be resorting back to its sluggish trends of moving below $300. ETH needs to stay afloat at least above yesterday’s high of $340 to keep the investors and traders interested and show some action-packed performance once again. The current market performance is paving the way to rising concerns.

Ethereum Price Statistics:

As on June 28, 2019, at 09:19:04 UTC, the price of ETH token is noted at $306.92. The currency has fallen from its value of $335.77 yesterday to its current value showing a downtrend of over 8% within a day. The coin started falling steeply and recorded a low of $278 yesterday.

ETH Price Chart - 28 June
ETH Price Chart
  • The price of ETH is noted at $306.92 and 0.02617501 BTC
  • The market cap of the coin is now $32,675,016,123
  • The 24 h volume of the coin is now $13,653,611,395
  • The ROI of the coin now stands at >9000%
  • The circulating supply of the coin is now 106,674,830 ETH

Ethereum rose as high as $361 in this week, which has also become its 90-days high value. The coin is expected to hover around this value and not fall back to bearish trends.

Ethereum Price Prediction:

Ethereum may close the day on a low note around $300 but may pick up speed over the weekend. A lot is also dependent on Bitcoin which has been directly affecting the price of ETH token, and if BTC moves past $13,000 once again, there is no stopping back to ETH which may also rise above $500 in the near future. It keeps the momentum high and holds on it for longer.

Conclusion:

ETH is a good investment for both long-term as well as 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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