Ethereum Takes One More Step Towards Its $200 Target

  • Ethereum gains 2% and goes closer to 200 USD.
  • The next resistance may fall at 200.31 USD.

Despite an overall dismissal in the whole crypto market, Ethereum has been able to fetch a decent growth in the last one day. According to Future predictions for Ethereum, with almost 2% growth, Ethereum has made one more step towards 200 USD. The medium-term outlook of Ethereum is expected to be bullish.

ETH to USD Price Analysis-

Ethereum Price
ETH Price Chart by TradingView

Ethereum’s first variation happened between 03:03 UTC and 13:02 UTC. This variation forced it to trade at 188.59 USD, the lowest point of the day. It was later lifted by a 5.76% hike that added 10.86 USD to each coin and placed it at 199.45 USD, the top point of the day. The third variation happened between 21:02 UTC and 23:34 UTC and this swing cut 2.46 USD.  The last swing between 00:42 UTC and 03:20 UTC took away 2.96 USD from the latter value of ETH and pushed it to 196 USD by 03:20 UTC, today.

Ethereum Price Prediction-

Ethereum has made an exception by showing strength when the overall market is not in good shape. The strong fundamental of Ethereum has come into play. Ethereum may find its next resistance at 200.31 USD.

Resistance and Support Levels- 

R1- $200.31, R2- $203.51, R3- $ 208.82

S1- $191.8,  S2- $186.49, S3- $183.29

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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