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Price Analysis

Ethereum Price Analysis: Ethereum is Actively Pursuing the Target of $200

  • Ethereum gains 1.69% in the last 24 hours and manages to get near 200 USD.
  • It may take a long while to reach its monthly highest of 236 USD.

Ethereum, with a marginal gain of 1.69%, is nearing 200 USD. It has been through immense pressure in the past couple of weeks, and now it seems to have gotten on the track. By the end of this year, it is likely to bounce back and reach its YTD Highest. Before analyzing the price movement pattern of the month, let’s first look at the current statistics of the coin.

ETH Price Statistics-

Ethereum (ETH)20th August 04:40 UTC
Rank2nd
ROI (Return on Investment)6,937.25%
Coin Circulation107,393,665 ETH
Market Cap21,690,628,982 USD
Value in USD199.37 USD
Value in BTC0.01848617 BTC
24h Volume6,144,828,857 USD

ETH to USD Comparison-

Ethereum price chart - Aug 20
Ethereum Chart By TradingView

Over the last 30 days, Ethereum has shown four significant price changes. Out of the four, three have been price gains, and only single is a deep cut in the value. Starting from 24th July up to 27th July, Ethereum managed to get a hike of 9.42%, and it took the coin to 222.92 USD. The next variation was a significant increment in the value against USD, and this hike took the coin to 236 USD by 06th August. It was followed by a deep fall of 26.02%, and this fall pushed the coin to the lowest point of the month at 175 USD by 15th August. The last swing could, however, add 27.5 USD to the coin with the help of a 15.75% hike. The current value is growing with the aim of 200 USD. The market cap on 20th July was 23,436,841,991 USD, and the value of each coin was 234.52 USD. The current market cap and the value of each coin are respectively 7.45% and 14.98% less than the data for last month.

Ethereum Price Prediction-

Ethereum is actively pursuing 200 USD, and as soon as it reaches 200 USD mark, the path onwards is likely to become smoother. By the end of 2019, it is predicted to be able to touch 410 USD. This week’s end may see the value near 206 USD. The details of the resistance and support levels are given below.

Ethereum (ETH)
1st Resistance206.73 USD
2nd Resistance210.37 USD
3rd Resistance217.18 USD
1st Support Level196.28 USD
2nd Support Level189.47 USD
3rd Support Level185.83 USD
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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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