Home Ethereum Ethereum Price Analysis: Ethereum’s (ETH) Slight Addition Hints at Future Market Gain – CryptoNewsZ

Ethereum Price Analysis: Ethereum’s (ETH) Slight Addition Hints at Future Market Gain – CryptoNewsZ

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  • Ethereum (ETH) gains 2.67% over the last 24 hours.
  • The target for 2019 remains unchanged at 500 USD.

The second biggest cryptocurrency of the current times, Ethereum (ETH) has been up by 2.67% over the last 24 hours. The coin has shown four major price variations in this same period as well. The medium-term outlook of Ethereum seems bullish and it has high potential to reach 500 USD before the New Year sets in. Let us analyze the current details of the coin now.

ETH to USD Current Statistics-

Ethereum Price Prediction- August 03
ETHUSD Price Chart by TradingView
Ethereum (ETH) 3rd August 05:44 UTC
Rank 2nd
ROI (Return on Investment) 7,777.34%
Coin Circulation 107,162,835 ETH
Market Cap 23,920,933,261 USD
Value in USD 222.13 USD
Value in BTC 0.02058328 BTC
24h Volume 6,480,620,529 USD

ETH to USD Comparison-

Ethereum initiated the day with a price level of around 215 USD. At 00:32 UTC, Ethereum started gaining and added 6.68 USD before 07:07 UTC. It was followed by a fall in the value by 2.95% and this fall cut the value of each coin by 6.56 USD. By 16:41 UTC, the value was hovering around 215 USD again. It was followed by another fall between 18:35 UTC and 20:45 UTC. This small fall deducted 2.83 USD. However, a big push of 4.37% was waiting for the coin. This push managed to place the coin near 225 USD. Ethereum closed yesterday at around 217 USD.

ETH Price Prediction-

Ethereum, as the second-ranked coin has miles to go before the year’s ending. Its strong fundamentals may place the coin near 500 USD by this period.

Ethereum (ETH)  
1st Resistance 221.3733333 USD
2nd Resistance 224.8766667USD
3rd Resistance 227.5733333USD
1st Support Level 215.1733333USD
2nd Support Level 212.4766667USD
3rd Support Level 208.9733333USD
Conclusion-

Ethereum’s high reputation is because of its ability to bounce back. After the last few months’ falls, the coin seems to have decided to be on track now. Long-term investors are expected to have massive profits out of their investments.

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