Price Analysis

Ethereum Struggles to Retain its Fort at $218

  • Ethereum loses 0.34% over the last 24 hours but maintains itself at 218 USD.
  • The next resistance may fall at 220 USD and 222 USD.

Ethereum has faced a cut of 0.34% in the last 24 hours, but it maintained the value at 218 USD. The four price variations are in the range of 222 USD and 214 USD. The overall market condition is yet to impact the value of ETH.

Ethereum Price Analysis

The first price variation of Ethereum happened between the opening of the day and 11:10 UTC, and this swing came as a fall in the value by 2.87% that cost 6.38 USD and placed the coin at 215.66 USD. It was followed by a hike of 1.99%, and it added 4.28 USD to place it at 219 USD. However, this hike was not a sustainable one as it got down very soon to 214 USD after a 2.66% fall by 17:02 UTC. Later, the price was able to lift by 3.42%, and it pushed the value to 221.40 USD by 01:20 UTC, today.

Ethereum Price
Ethereum Chart By TradingView

Ethereum has retained its value at 218 USD after much volatility. The medium-term outlook of Ethereum is likely to be bullish, and the next resistance for ETH rests at 224 USD.

Ethereum (ETH)Resistance and Support Levels
1st Resistance$220.38
2nd Resistance$222.71
3rd Resistance$225.82
1st Support Level$214.94
2nd Support Level$211.83
3rd Support Level$208.5
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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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