Ethereum Price Analysis: ETH is Unlikely to Get Back to its Monthly High of $277 Anytime Soon

ad-midbar
ad-midbar
ad-midbar
ad-midbar

  • Ethereum (ETH) falls from 277 USD to 210 USD over the last 30 days.
  • It may take more time to bounce back to its previous monthly high.

Ethereum’s last 30 days have been full of struggles and downfalls. The coin has been dragged from 277 USD only to be traded around 210 USD in this same period. We will analyze Ethereum’s price movement over the last 30 days. Let us look at the current details of the coin first.

ETH Current Statistics-

Ethereum (ETH) 13th August 02:56 UTC
Rank 2nd
ROI (Return on Investment) 7,320.01%
Coin Circulation 107,297,699 ETH
Market Cap 22,550,430,001 USD
Value in USD 210.00 USD
Value in BTC 0.01844506 BTC
24h Volume 5,653,308,993 USD

ETH to USD Comparison-

Ethereum Price Prediction
Ethereum Price Chart by TradingView

On 12th July, Ethereum was near 277 USD. Suddenly, it started falling and reached 205 USD by 15th July. This marks the starting of Ethereum’s struggle.  After a few hours of strengthening, the coin again went down and this time it touched the lowest point of the month at 203 USD by 24th July. However, the coin could get a push of 16.44% and by 06th August, it was near 236 USD. The latest variation came as a devaluation of the coin by 14.15% and it took the coin to 203 USD. The current value of Ethereum against USD hovers around 210 USD.

ETH Price Prediction-

Ethereum is the second-largest coin of the market so it has strong fundamentals to back its growth story. The coin is likely to touch 410 USD by the end of this year. But there is no sign of exponential growth in the near future. These are the resistance points and support levels of the coin.

Ethereum (ETH)  
1st Resistance 214.6366667 USD
2nd Resistance 217.9833333 USD
3rd Resistance 219.8266667 USD
1st Support Level 209.4466667 USD
2nd Support Level 207.6033333 USD
3rd Support Level 204.2566667 USD

News Source

ad-bottom
ad-bottom
ad-bottom
ad-bottom

NO COMMENTS