Price Analysis

Ethereum Price Analysis: Ethereum(ETH) Keeps Traders Waiting For An Action-Packed Performance

  • Ethereum continues to move sideways throughout the day
  • Ethereum price increases by 3.77% in a day
  • Analysts are optimistic for ETH coin in the long run

Yet another day passes with no good news from ETH coin as it continues to move sideways and may close the week on a low note. The coin may not be able to beat yesterday’s high of $262 today, but tomorrow ETH may pick up some pace bringing joy to the traders and investors. The overall market statistics look decent, but the traders need some more action from the coin now.

Ethereum(ETH) Price Statistics:

As on June 14, 2019, at 21:52:05 UTC, ETH is trading at $262.38, which shows a sign of significant growth in ETH price in a day. The coin opened the day at around $257 and dropped to $252 where it continued for almost 4 hours with few highs. Then, after almost 15 hours ETH price shot up from $255.09 to $264.06 with 3.51% hike in around 2 hours. The day may close above $260 once again.

Ethereum price analysis - Jun 14
1-Day Ethereum price chart

Statistics

 21:52:05 UTC
Price (USD)$262.38
Price (BTC)0.030 BTC
Market Capitalization$28,040,611,106
24h volume$8,637,035,391
Circulating Supply106,491,384
Return on Investment>9000%

Ethereum(ETH) Price Prediction:

There has been an increase in the market cap, 24-hour volume, and overall ROI of the coin along with the circulating supply. And analysts predict that Market Cap can go up to $10 trillion at the end of the year. However, the ROI has not caught up with yesterday’s value of >9000%, and currency holders may have to wait for this trend to return.

Ethereum may close the day above $260 or less than that, but the coin will pick up the pace tomorrow to move above $260. The crawling trend may continue for a while, and $264 will become the highest recorded value of the week.

Conclusion:

It is a good time for short term investment in ETH as the coin is showing minimal fluctuations with no major possibilities of losses.

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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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