- 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. 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|