Ethereum Price Analysis: Ethereum Pulls Back Below $310 After Trading As High As $318
Ethereum has been trading above $300 in the last 2 days and it even went beyond $310 yesterday where the coin topped at $318. Later, a price correction happened, and the price slipped below $310 today. Ethereum has been a result-giving coin without much risks and speculations for the investors who do not want to have risky investments in their portfolios. Time and again, Ethereum has been proving its worth. The current market statistics of the coin are as follows:
ETH Chart:
ETH Current Market Statistics:
- Ethereum is currently trading at $308.92 at 7:04 UTC as on 10th July.
- The market cap of the coin is $33,058,429,872 with a 24h volume of $10,359,199,098.
- The Circulating Supply of the coin is 106,837,043 ETH.
- Ethereum currently fetches >9000% Return on Investment.
ETH to USD Price Comparison:
The above 24-hour chart shows that the intraday movement of the coin has been oscillating along the graph. The coin started with an upsurge yesterday. Around 2:33 UTC it went as high as $318.05 and then started descending gradually. It went as low as $302.97, almost near to its major support level of $300 at 20:18 UTC showing a fall of 4.7% on the same day. Today around 2:59 UTC the coin again gained the momentum and mounted as high as $314.84. It was just when Bitcoin had crossed $13,000 and laid an equal impact on Ethereum. But the coin could not hold itself there for a long time and currently trading below $310.
ETH Price Prediction and Conclusion:
If the coin continues to fall below the current trading price, it would face the major support at $300 and if it bounces back from the current price mark, it would face a major resistance at $320. As per ETH forecast, Ethereum is a graceful investment avenue and has never failed to fetch proportionate gains for its investors. The coin is expected to trade around $500 by the end of the year.
