Ethereum Price Analysis: Will Bulls Make an Entry for Ethereum (ETH)?

Ethereum, a popular and second-largest coin on the blockchain platform, has been gearing itself for the release of Ethereum 2.0 in early 2020. The YTD chart shows the price of Ethereum had peaked during June being as high as $330 on June 25 and after that, the bears were in continual motion showing a lot of downward variations.

Latest Statistics of Ethereum:

As on August 9, 2019, at 5:32:19 UTC, current statistics are as below:

  • The current market price of Ethereum is $216.013
  • The Market Cap is around $23,186,927,488
  • 24-hour volume is at $6,758,990,638
  • ROI is at a massive 7,535.41%
  • Circulating supply is at 107,244,752 ETH

ETH to USD Price Comparison:

Ethereum Price Prediction
Ethereum Price Chart by TradingView

Ethereum has seen a lot of ups and downs as seen from the above ETH price chart. The year began on a somber note when the ETH price was as low as $113.160 on Jan 13. Within 41d on Feb 23, Ethereum price went up to $160.06023, the upward movement is 39.64%. In a matter of 36d on Mar 31, the price of ETH lowered to $141.028 to the extent of 11.89%. Then the uptrend began for ETH with the price jumping to a whopping 85.79% on May 16 in 47d to $265.414. In 25d on Jun 09, the price fell to $236.187 to the extent of 10.76%. In a matter of 17d on June 25, the price of Ethereum had reached a high of $329.987 to the tune of 39.71%. However, in a matter of 45d, the bears had set in and got the price down to $211.038, the downward slide is to the extent of 36.05%. Today the price is at $216.013, recovery being to the extent of 2.36%. The trend shows that ETH coin has come a long way from its low of $113 during the beginning of the year and moving towards consolidating its pricing.

Ethereum Price Prediction:

The year beginning was on a low note for most crypto coins due to the 2018 market crash. Ethereum picked up slowly and steadily from there. April was a good time for most coins as the prices started rising from there. Ethereum had stood itself though the bears had started taking over the market in…

Source Link