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Price Analysis

Ethereum Price Escalates by 5.8% in the Last 24 Hours

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.

Ethereum Price
Ethereum Chart By TradingView

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.

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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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