Price Analysis

Ethereum Price Analysis: Ethereum Trades Above $270 For The Most Part Of The Day

  • Ethereum records 1.1% growth in the day peaking as high as $274
  • ETH token to become bullish in the next few days

Ethereum may give the much-awaited bullish trend this week and might start trading above $290 in the next few days. The coin has started the week on a high note and recorded a surge throughout the day. If Bitcoin continues to trade above $9000, ETH may follow through as well. The current market statistics are progressive.

ETH Price Statistics:

There has been an uptrend of over 1.1% in the value of ETH token in the last 4 hours, and the coin has now crossed $270 to trade at $272.46 as on June 17, 2019, at 11:38:47 UTC. The current performance of ETH seems to be justified and the day might close on a higher note of at or around $275.Ethereum price chart - june 17

Statistics 04:54:09 UTC11:38:47 UTC
Price  (USD)268.89272.46
Price (BTC)0.029391650.02977657
Market Capitalization28,778,362,22929,023,401,688
24h volume9,694,147,3489,647,979,504
Circulating Supply106,522,255 ETH106,526,177 ETH
Return on Investment>9000%>9000%

Ethereum has shown a surge in the market cap, price, and total circulating supply of the coin while the 24 h volume has shown a decline in the last 7 hours. The ROI remains the same at >9000%.

Ethereum Price Prediction:

ETH may cross the $290 mark in the coming week given the coin is able to maintain a good pace in this week. By the end of the next quarter, ETH may trade above $400.

Conclusion:

The second half of the year will show some records highs, and hence this might be the right time to buy ETH in bulk and save for long term gains as the year approaches the end.

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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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