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Price Analysis

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 UTC11:05:04 UTC
Price  (USD)245.04242.05
Price (BTC)0.030899070.03109999
Market Capitalization26,228,578,44225,842,528,388
24h volume7,787,016,9237,367,026,149
Circulating Supply106,440,678 ETH106,444,155 ETH
Return on Investment8,595.96%8,458.08%

Ethereum price chart - june 11

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 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.

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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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