Price Analysis

Ethereum’s Race Fructifies; 7% Hike Pushes it Beyond $210

  • Ethereum gains 7% overnight and touches $211.
  • The next resistance for Ethereum may come at $223.

Ethereum has been able to show a decent hike over the last 24 hours. The almost 7% hike has made it breach $211. A few days ago, it was racing against $200, and the latest growth indicates the upcoming good days for the major coins.

Ethereum Price Analysis

The first variation for Ethereum started at 03:18 UTC, and over the next 10 hours, ETH price grew by 3.10% and added $6.08 to touch $202.21. The second swing of 6.87% hike took the price of Ethereum to $214.89 from $201.08, and this hike had a break at $211.12. However, the $214 figure could not have lasted long, and it took a downward move to reach $207.87 by 23:59 UTC. Towards the closing, it gets lifted by 1.85% to touch $211.68 again. If we look at past 24 hours data, Ethereum price has corrected almost 7% in compared to Bitcoin’s 0.07% drop.

Ethereum Price
Ethereum Chart By TradingView

Ethereum has achieved its long-standing target. Now it is likely to retain its value above 210 USD. The next resistance for Ethereum may fall at 223 USD. Investors are advised to wait a little more watching the value nearing the YTD high. Following are the most probable resistance and support levels for ETH.

Ethereum (ETH)Resistance & Support Levels
1st Resistance$215.9866667
2nd Resistance$223.3633333
3rd Resistance$232.9966667
1st Support Level$198.9766667
2nd Support Level$189.3433333
3rd Support Level$181.9666667

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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