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Price Analysis

Ethereum (ETH) Price Analysis: Ethereum’s Medium-Term Target Rests At 195 USD; A New Token Is On The Way

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  • William Shatner declared of issuing new Ethereum token dealing with Physical items.
  • The medium-term outlook should be at 195 USD mark.

Ethereum has been on the news frequently. This time it is not limited to someone’s tweet about his preference. William Shatner recently announced over a tweet that he is partnering with Mattereum in order to launch a new Ethereum token which will deal with digital transfer of physical items and authentication of these transactions. He also tagged and drew the attention of crypto enthusiasts and influencer like Elon Musk and Vitalik Buterin. These little developments are likely to build up a positive image of Ethereum in the market which may turn into a rise in the value. We predict the Ethereum price to reach as high as 195 USD in a short span.

Current Statistics of Ethereum Price –

ethereum price chart

  • Ethereum (ETH) is the 2nd largest coin in the global crypto market with respect to its market cap.
  • The ROI (Return on Investment) stands at whopping 6087.89%.
  • A total of 106,017,279 ETH coins are in current circulation.
  • The market cap of Ethereum (ETH) stands at 18,590,174,199 USD on 11th May at 02:04 UTC.
  • The ETH price stands at 175.35 USD and 0.02702719 BTC.
  • The 24h volume at the same UTC stands at 8,064,308,983 USD.

Comparison-

Ethereum (ETH) has experienced many price variations in terms of a huge number of ups and downs that happened abruptly. Price of Ethereum coin fell to its lowest level at 103.75 USD on 6th February. However, the highest point at 180.92 USD was achieved on 08th April after the April boom. This momentum also could not be sustained. The coin has shown 4 major price variations since then. The market cap on 11th April was 17,991,413,150 USD, and the value of each coin was 170.36 USD and 0.03283172 BTC. The current market cap and value of each coin is almost 3% more than the figures for last month.

Ethereum Price Prediction-

After a recent poll’s favor on Ethereum over many other major cryptocurrencies and William Shatner’s new association tweets, the market of Ethereum will be growing. The current value is roaming around 175 USD, and the value will grow with resistances at 185 USD and 190 USD. We predict the coin to reach its previous heights of 195 USD. By the end of 2019, the value should go past 225 USD or 250 USD mark.

Conclusion-

We advise the potential investors to lock buying positions now as there is a future surge in the prices coming soon. Long term holding should aim at least 250 USD mark by the end of the 2nd quarter of 2020.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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