Ethereum Price Analysis: Will Bulls Fasten Their Pace for Ethereum (ETH)?
- Ethereum price is slowly and steadily trying to recover itself amidst bears
Ethereum, a popular coin on the blockchain network in the second largest cryptocurrency after Bitcoin in terms of Market Capitalization. For Ethereum, bulls are getting back though the bears are still going around. It looks like the medium-term outlook will be bullish for the coin as it has been slowly and steadily rising on the price momentum though bears are still largely visible, as seen from the 5-day price chart where the ETH price was in the range of $202 – $234.
Latest Statistics of Ethereum
As on July 25, 2019, at 5:35:08 UTC, current statistics are as below:
- The market price of Ethereum is $221.563
- Market Cap is around $23,685,926,620
- 24-hour volume is at $7,278,777,801
- ROI is still at a huge 7714.59 %
- Circulating supply is at 107,040,707 ETH
ETH to USD Price Comparison
The 5-day ETH price chart shows price variations where the bears are gaining the upper hand, but the bulls are slowly trying to make an entry. From a high of $234.297 on July 20, the price of Ethereum fell to $211.344 on July 22 in a matter of 2d 3h 5m to the extent of 9.94%. In 22h 45m on July 23, the price rose to $218.289 to the extent of 3.25%. In a matter of 9h 20m, the price fell to $202.874 on July 24 to the extent of 6.87%. Within 17h 35m on the same day, the price rose to $217.103, the upward movement is to the tune of 7.01%. The price has risen today to $221.563, which is higher by 8.6%. This shows that the Ethereum price is trying to gain the upper position.
Ethereum Price Prediction & Conclusion
The price of Ethereum is recovering well from the bear phase over the last week, and the bulls are pushing the price upwards each day. This trend to continue through are not sure about the short-term outlook but predict a bull trend for the medium term and further and have maintained the target price at around $500 for the year-end. To know the long-term potentials of the coin, you can Read more our forecast post.
Investors can finally smile as the market is showing some form of stability for Ethereum. Long term investors should continue to hold as the medium-term outlook looks good for Ethereum.
