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Price Analysis

Ethereum (ETH) Price Analysis: Ethereum’s Samsung Episode Is Helping The Coin To Regain The Ground

  • Ethereum may be clubbed in the Samsung low-budget Galaxy Phones.
  • The medium-term outlook is bullish and places the coin at 1000 USD.

Ethereum has been getting an unprecedented boost in the market due to unverified news that Samsung may introduce cryptocurrency and blockchain functionality in its low budget Galaxy phones. It should be noted that earlier Samsung has started accepting Ethereum and other ERC-20 coins in its Blockchain KeyStore. The probable news of adding this to smartphones has pushed the trading value of Ethereum to new heights. We predict the Ethereum’s trading value to return to its previous high by the end of 2019. The target of 1000 USD is likely. We should analyze the current status of the ETH coin to understand the growth pattern.

Current ETH Price Statistics-

Ethereum

  • Ethereum (ETH) is the 2nd largest crypto coin in the market.
  • The ROI (Return on Investment) of ETH stands at 8372.10%.
  • A total of 106,112,786 ETH coins are in current circulations.
  • The current market cap on 18th May at 01:34 UTC stands at 25,516,417,281 USD.
  • The value of each ETH coin stands at 240.47 USD and 0.03303680 BTC.
  • The 24h volume at the same UTC stands at 15,804,521,845 USD.

ETH Price Comparison-

Ethereum has seen many steep price variations on its path since the starting of the year 2019. The lowest point of the coin was on 08th February at 104 USD. However, the highest growth can be seen after the 1st April market boom. Since then, Ethereum has maintained the pace. The market cap on 18th April was 17,663,018,581 USD, and the value of each ETH coin was 167.11 USD. The current market cap, as well as the value of ETH in USD, is respectively 44.46% and 43.89% more than the values of last month.

ETH Price Prediction for 2019-

Currently, Ethereum is being traded around 240 USD. We predict the coin to reach its previous highest by the end of this year as the previous fundamentals are back. The next resistance should be at 300 USD. By the end of 2019, the value of each ETH coin should be around 1000 USD. The path until 1000 USD will be full of price variations.

Conclusion-

As the medium-term outlook is bullish, this time is the perfect moment for buying fresh coins. Holding the coins until 2020 will give at least five times the current value.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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