Price Analysis

Ethereum (ETH) Records 5.6% Drop in the Last 5 Days

ETH price moves between $185 and $171 in the last week

Ethereum has been one of the high performing assets this year. The coin moved as high as $318 in the past 90-days. ETH started the year trading at $134 and it is currently moving above this value. It may cross past $185 in the upcoming days and the current market performance of the ETH coin may change in the upward direction.

Ethereum Price Analysis

As on October 6, 2019, at 02:44:02 UTC, the price of Ethereum is noted to be $175.32 and it is moving in the downward direction. ETH has recorded a dip of over 5.6% in the last 5 days slumping from $185.74 to its current price. The coin moved from $185.74 to $174.01 within a day but then recovered quickly to rise up to $180.55 again. It again fell and hit $171.58 before climbing back to $179.29. ETH coin may recover from its current price soon.

Ethereum
Ethereum Price Chart by TradingView

Ethereum can be expected to move within $190 for the next few weeks but for that, it may jump up to its crucial resistance $183 and may start trading above it. ETH price may cross its 30-Day high value of $222 by the end of the year. This is a good time to plan long-term investments in the Ethereum and start saving up for future benefits. To avoid any losses in short-term trading, traders should consider following resistance and support levels:

R1: $178.35, R2: $180.35 and R3: $182.99

S1: $173.71, S2: $171.07 and S3: $169.07

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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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