Price Analysis

Ethereum Price Analysis: Ethereum Starts The Month On A Low Note, Trading Below $300

  • Ethereum investors seek self-propelled bullish trends from the token
  • ETH dropping down to $290 sends jitters in the trader’s community

Ethereum has again dropped back to trade below $300 and recorded the lowest value yesterday at $290, but the coin may pick up the pace soon. Ethereum traders and investors are concerned about coin’s independent ability to surge without getting affected by the movement of the Bitcoin, and this may have created a little mayhem, but the current market scenario still keeps the hopes alive for ETH to upswing again.

ETH Price Statistics:

ETH token is trading at $292.74 as observed on July 1, 2019, at 11:12:05 UTC. The coin has grown immensely in the last three months, rising from $151.64 to its current value and even recorded its 90-days high value at $361 recently. It has recorded an uptrend of over 93% in this time and has maintained almost an exponential surge without any major declining trends. The ETH price chart is as below:

Ethereum price chart - july 1

  • The price of ETH (ETH to USD) is observed at $292.74 and 0.02679985 BTC
  • The market cap of the coin is now $31,232,001,815
  • The 24-hour volume is now $10,370,314,695
  • The circulating supply of the coin is now 106,715,917 ETH
  • The ROI of the coin stands at >9000%

The start of the month may have been slow, but ETH will pick up pace very soon and start trading above $300 in no time. The coin took a longer time to traverse the distance between $280 and $300 but now that it has, it is only a matter of time that it will start remaining afloat at this value. The first resistance level of the coin will be recorded at $312, and it may start going bullish post that.

Ethereum Price Prediction:

Ethereum has a strong future, and the technology has already been adopted by many mainstream companies, including JPMorgan, for their own customized payment solutions. Hence, ETH may rise as high as $500 by the end of the next few months and start trading around $1000 by the end of the year.

Conclusion:

Ethereum is a good investment for the currency is secure, and the platform is futuristic.

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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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