Ethereum Price Analysis: Ethereum May Advance Further Up In Upcoming Weeks

Ruti VoraJune 12, 2019Last Updated: April 5, 2021

1 minute read

Ethereum (ETH) may pick up momentum to move past $300 soon
Ethereum technology being used by global companies to develop their stable coins

Ethereum (ETH) has been ranked second in the cryptocurrency world, but its exclusive technology has made it a preferred choice of many global companies, including giants like JPMorgan, to develop their stable coins on this platform. It is only a matter of time for ETH to show bullish trends owing to increasing popularity, usage, and success in the global markets. The current market statistics portray a progressive picture.

Ethereum Price Statistics:

As on June 12, 2019, at 06:40:44 UTC, the price of ETH is noted at $248.39, and it has shown immense and almost exponential growth in the last 3 months by rising from $149.18 to its current value. This shows an uptrend of over 66% with a few milestones in between where ETH price peaked as high as $289.53. The coin showed a fair share of steep and slow trends but all moving upwards mostly.

The price of ETH is currently noted at $248.39 and 0.03122565 BTC
The market cap of the coin has reached $26,492,610,807
The 24 h volume is now $7,507,667,235
The ROI of ETH stands at 8,685.65%
The circulating supply is now 106,455,522 ETH

There has been a downtrend of over 14% in the price of ETH coin since the onset of June, but it is regaining momentum to move back up fast.

Ethereum Price Prediction:

Ethereum may cross the $250 mark and trade above it in the coming week after 2 consecutive weeks of slow trends. By going through Ethereum Prediction, we can see that by the end of the year, it may show 2X growth. With the introduction of new technological improvements and as a result of worldwide events, it may trade above $500.

Conclusion:

Ethereum token is the next big thing in the crypto world after Bitcoin and a lot of MNCs are developing their stable coins on the platform, which contributes to a secure future. This is the moment to decide on investing big in the coin.