Ethereum is under huge pressure because of the fluctuating market; the last seven days were a roller coaster ride for the traders. However, today, the price movement has reflected a slight divergence. We are observing a consistency in the market and it is indicating a stronger chance of inviting upsurge. ETH is expected to close the day with a positive digit. The intraday traders are likely to have a flourishing day.
ETH to USD Price Comparison:
The chart is taken from TradingView on October 8, 2019, at 08:26:02 UTC for price analysis.
Yesterday, Ethereum started the day at $170. The price jumped to $173 by 1.50% within the first few hours. There was a fall in the price, which took it back to $170 by 1.25%. The escalation began and the price went up to $183. However, the price started falling after touching $183 and closed at $180. The intraday price experienced a progression of 5.64%. Today, the morning brought a jump of 2.65%; the price changed from $180 to $185. The current movement is indicating a fall in the price.
The uptrend in the currency is expected to start very soon; we hope it would stay and take the price to an amazing level. The traders have shown a lot of trust in ETH and have been benefitting by the same. The investors interested in Ethereum should dig-in with a high prospect in mind. We are positive that the same would come true.
The investors interested in Ethereum are recommended to opt for long-term investment. The given period is likely to bring a colossal return to the investors.