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Price Analysis

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

  • 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.

Ethereum Price Chart -12 June

  • 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 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.

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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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