Price Analysis

Ethereum Price (ETH) Improves on the Intraday Chart; Can This Upsurge Bring Price Rally?

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  • Ethereum (ETH) price recovery spikes hope among the traders.
  • The expectations of price rally increases.

Ethereum is riding the bull on the intraday price chart. The coin is expected to start price rally anytime soon. A group of investors on twitter which believes that the upsurge in the market is incidental. However, we are suspecting that the allegations are vague.

Ethereum has shown a substantial improvement in the price of the coin. The last seven days were quite scary. The current upsurge was destined. The traders are also relaxed by the uptrend. Let’s have a look at the price chart to understand the momentum.

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Current Statistics of Ethereum:

  • The price of the coin is at $175.97.
  • The Return on Investment is marked as 6114.47%.
  • $18,932,162,773 is the market cap of the coin.
  • $6,912,592,208 is the 24hr volume.
  • 107,587,341 ETH is the circulating supply of the coin.

ETH to USD Price Comparison:

The price analysis is to be done with the help of Trading View chart of 3rd September 2019 taken at 10:02:43 UTC.

ETH Price Prediction
ETH Price Chart by TradingView

Yesterday, the Ethereum price started at $171.6 and kept trading at the same level for some time. Later, the coin experienced an escalation from $170 to $178 by 4.64%, this progression was of 4.07%. The coin closed at $178.5, now today, the coin opened at $178.5 and immediately climbed to $180.13 by 0.87%. Later, the coin slipped from $180.13 to $175, this regression was of 2.44%.

Ethereum Price Prediction and Conclusion:

Ethereum is the second-largest coin in the market. It is considered as the most result-giving coin in the altcoin market. The current uptrend is the trailer for the upcoming price rally. Investment in the coin would bring huge profits in the coming time.

In the coming years, the upsurge in the coin could be around 4% to 5%. The coin is recommended for long term traders. The same would bring huge dividends for the investors.

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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