- 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 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. Based on the future ETH forecast, 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 Support Level||$198.9766667|
|2nd Support Level||$189.3433333|
|3rd Support Level||$181.9666667|