Price Analysis

Ethereum Price Analysis: Ethereum Price Records Over 1% Downtrend Dipping to $210 Again

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It has been a slow month for the Ethereum till now, but it may not last long. The current market performance of the ETH coin is indicating towards exponential trends ahead. It may also close the month trading between $250 and $300 if the pace is maintained correctly.

ETH to USD Price Comparison:

Ethereum has recorded a downtrend of over 1% since yesterday dipping from $214.84 to its current value at $210.85 as noted on August 11, 2019, at 06:35:47 UTC. ETH coin started trading at $211.98 for some time yesterday but then fell drastically to reach as low as $200.49. Since then, it has recorded an uptrend of over 5% rising to its current value and may surge more soon.

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Ethereum price chart - Aug 11
ETH Price Chart By TradingView

Current Statistics of Ethereum:

  • The price of Ethereum is noted to be $210.85 and 0.01846714 BTC
  • The Market Cap of the ETH coin is now $22,537,647,412
  • The 24-hour volume of the coin has reached $6,747,245,142
  • ROI is now 7,316.96%
  • Circulating Supply of the coin is noted to be 107,272,454 ETH

Ethereum closed trading yesterday at $206, and it is now moving above this value. The next week might be more progressive, and it may increase gradually as the time progresses further and the month ends.

Ethereum Price Prediction and Conclusion:

Ethereum started the year trading at $133, and it has come a long way since then recording over 3X surge in the last 90-days. The coin has the potential, and the firm has the support of partners to promote ETH globally. The increasing adoption of Ethereum may result in exponential growth surge for this coin, and it may reach up to $500 by the end of this year. Plan long-term investment in Ethereum now as it may yield very good results in the future.

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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