Price Analysis

Ethereum Price Analysis: Ethereum Gains Applaud For An Outstanding Market Performance

eToro
  • Ethereum increases scalability through the new version and gains fans support
  • Ethereum has planned events globally to increase ETH mass adoption

Ethereum is playing the field with quick growth, which is almost exponential and currently maintaining a good track record. The coin is moving upwards in a consistent fashion with only a few bumps here and there. The current market position keeps it in good shape, and the future is definitely bright as the currency is gaining popularity in the new and emerging markets through worldwide events and alliances.

Ethereum Coin Statistics:

As on June 11, 2019, at 06:08:32 UTC, Ethereum token is trading at $245 and moving further up. In the last 25 days, the coin has shown an uptrend of over 24% by moving up from $196.27 to its current price. In between, ETH price has peaked as high as $285 around the onset of June.

Ethereum Price Chart - 11 June

  • Ethereum is currently trading at $245.04 and 0.03089907 BTC
  • The market cap of the coin is now $26,228,578,442
  • The 24 h volume for Ethereum price is now $7,787,016,923
  • The circulating supply of the ETH coin has been 106,440,678 ETH which is also equivalent to the total supply
  • The ROI of ETH stands at 8,595.96%

Ethereum price has been maintaining a good pace thus far and has shown almost 2X growth in the last 5 months.

Ethereum Price Prediction:

With its current momentum, Ethereum may close the day on a high note trading around $248 just like yesterday. In the next few months or maximum by the end of 2019, ETH price may cross the $300 mark although beating its all-time high is still a farfetched target and may take another 3 years.

Conclusion:

Ethereum holds a 2nd position in the global ranking and those looking for a long term investment with regular returns; ETH tokens may be the ideal choice to make.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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