Price Analysis

Ethereum Price Analysis: Will Ethereum (ETH) Show An Uptrend Again?

Users are already getting familiar with the concept of Ethereum 2.0. And it might help in bringing more traders in the network. Well, at least this is what we are hoping for!

Current Statistics of Ethereum:

The price of Ethereum is currently trading at $209.99 at 01:58 UTC on 13th August 2019. The other essentials are as follows:

  • Return on Investment: 7324.21%
  • Total supply/Circulating Supply: 107,297,146 ETH/ 107,297,146 ETH
  • 24 Hour Volume: 5,674,006,503 USD
  • Market Cap: 22,556,579,897 USD
  • 7 Day high/low: 239.12 USD / 203.79 USD

ETH to USD Price Comparison:

Ethereum Price Prediction
Ethereum Price Chart by TradingView

Initially, in the last few days, the higher value was seen trading at $216.59 on 11th August at 23:53 UTC tie. The value then dropped by 3.10% on 12th August at 11:33 UTC. The value was slightly increased by 1.80% on the same day at 16:09 UTC. The value then dropped today by 2.43% at 00:24 UTC which is now escalated upwards.

Ethereum Price Prediction and Conclusion:

ETH coin is hopping with the bearish nature. Notwithstanding, users should sit tight for some more opportunity to better returns later on. Patience might be the ideal solution as of now for better returns in the near future.

The resistance and support levels may help the traders in the interim:

Resistance Levels:

  • R3: $219.3
  • R2: $217.98
  • R1: $214.64

Support Levels:

  • S1: $209.45
  • S2: $207.6
  • S3: $204.26


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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