Price Analysis

Will Ethereum (ETH) Close The Day Trading Below $310?

  • Ethereum drops 2% in the last 2 hours, 9% in the day
  • ETH may pick up momentum as soon as Bitcoin trades above $12,000 persistently

Ethereum has a slow day trading mostly below $320, and the spectators anticipate the coin to close the day on a low note. The current market statistics of the coin indicate a slow trend ahead for the rest of the day as well, but the coin may pick up pace over the weekend.

Ethereum Price Statistics:

As on June 27, 2019, at 10:45:31 UTC, the price of ETH token is noted at $311.18, and it has shown a downtrend of over 2% in the last 4 hours dropping from $317.74 to the current value. Overall in the day, the coin has dipped by 9% from $343.56 to the current value. ETH may revive back but will close the day trading within $320.

ETH Price Chart
ETH Price Chart
Statistics 08:20:25 UTC10:45:31 UTC
Price  (USD)320.16311.18
Price (BTC)0.026237730.02626671
Market Capitalization34,244,531,31133,188,724,400
24h volume15,187,269,75915,871,657,927
Circulating Supply106,660,132106,661,970 ETH
Return on Investment>9000%>9000%

In the last few hours, ETH price has dropped from $320 to $311. The market cap of the coin has also declined sharply followed by its 24 h volume, but the circulating supply has shown a surge. The ROI of the con remains at >9000%.

Ethereum Price Prediction:

ETH has been moving hand-in-hand with Bitcoin, and as BTC has fallen to trade below to $12,000 after reaching $13,000, ETH has also lost its edge in the day and trading below $320 almost throughout the day. The coin once reached below $300 also and traded at $298 but rose back again. In the coming week, ETH may again start trading above $350 and stay there for longer. ETH may cross $500 and trade beyond by the end of 2019.

Conclusion:

This is a good time to invest in ETH and patiently wait for the coin to pick up the pace and start yielding good returns.

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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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