Ethereum (ETH) has been battling the bears for a long time now. The improvement in the coin is long-awaited by the traders. Well, the growth seems to get postponed as the current price momentum is quite disappointing. Intraday trading is also speculated to remain unfruitful.

Yesterday, Ethereum price was seen dealing as high as $186.93 and as low as $179.18. The volume marked by ETH coin was $7,787,662,111.

Ethereum Price Analysis

Ethereum-Price-Chart

Yesterday, Ethereum started dealing at $184.48. The price shifted to $182.99 in the later hours by 0.80%. The price recovered in the later hours and jumped to $184.56 by 0.85%.

Thereafter, the ETH coin price started falling. The coin took a huge drop and brought the price to $175.59 by 3.99%. The currency escalated to $179.44 by 2.2%. There was a slight drop in the ETH price at the end of the day.

The counter touched $178.41 by the end of the day. The intraday movement in the price registers an overall regression of 3.28%.

Today, Ethereum is falling since the opening hours. The counters changed from $178.41 to $176.36 by 1.15%.

Ethereum Price Prediction

ETH coin is slowly moving towards the next support level at $174.47. The coin has breached the immediate support at $177.52. There is a possibility that the Ethereum price can drop to the major support level at $169. If the momentum reverses then, ETH price might be seen touching the immediate resistance level at $193. The possibility of improvement is quite thin.

Resistance Level Price
R1 $185.27
R2 $189.97
R3 $193.02
Support Level Price
S1 $177.52
S2 $174.47
S3 $169.77

Ethereum is speculated to give great results in the future. The currency is speculated to give best the result in the long run. Hence, we would suggest to pick long-term investment for gaining colossal profits.

Published by Dirk Gobin

Dirk Gobin is a crypto-exchange expert. He also invests in the cryptocurrencies market and has a keen interest in exploring various crypto coins. He works as a content writer and editor at ethereumnews.world.

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