Ethereum Price Analysis: Ethereum Prices Decline By Over 1% In The Last Few Hours
- Ethereum reports a 1% slump in the last 5 hours dropping from $245 to $242
- Ethereum price drop is the perfect time for ETH mining
In the past 24 hours, Ethereum price moved between $248 to $234 range, and it is headed towards a similar pattern once again. ETH peaked as high as $247 before a steep downward slope.
ETH Price Statistics:
The following price statistics show the movement of the coin and its market cap in the last few hours.
| Statistics | 06:08:32 UTC | 11:05:04 UTC |
| Price (USD) | 245.04 | 242.05 |
| Price (BTC) | 0.03089907 | 0.03109999 |
| Market Capitalization | 26,228,578,442 | 25,842,528,388 |
| 24h volume | 7,787,016,923 | 7,367,026,149 |
| Circulating Supply | 106,440,678 ETH | 106,444,155 ETH |
| Return on Investment | 8,595.96% | 8,458.08% |
There has been a decline in the market cap, 24h volume, and ROI of the coin while the circulating supply has now increased marginally. As per Ethereum Predictions, we proceed towards the end of the day, ETH may further go downwards. Within the hassle of these 5 hours for the intraday traders, it is important to note that it has declined by 1.07% from the price mark of $244.78 as on 07:07 UTC.
Ethereum Price Prediction:
Ethereum may open on a better price tomorrow trading between $240 and $245 but the downward trend is expected to continue for a few more days as well. The coin, however, may be able to make a full recovery above $250 by the end of June. For those looking for short term trading options in the cryptocurrency markets, ETH is one of the rights fits for the same as the future promises high dividends on every little penny spent.
Conclusion:
This is a good time to devote time and energy in ETH price trading as the consistent pattern continues.
