Ethereum, with a marginal gain of 1.69%, is nearing 200 USD. It has been through immense pressure in the past couple of weeks, and now it seems to have gotten on the track. By the end of this year, it is likely to bounce back and reach its YTD Highest. Before analyzing the price movement pattern of the month, let’s first look at the current statistics of the coin.
- Ethereum gains 1.69% in the last 24 hours and manages to get near 200 USD.
- It may take a long while to reach its monthly highest of 236 USD.
ETH Price Statistics-
|Ethereum (ETH)||20th August 04:40 UTC|
|ROI (Return on Investment)||6,937.25%|
|Coin Circulation||107,393,665 ETH|
|Market Cap||21,690,628,982 USD|
|Value in USD||199.37 USD|
|Value in BTC||0.01848617 BTC|
|24h Volume||6,144,828,857 USD|
ETH to USD Comparison-
Over the last 30 days, Ethereum has shown four significant price changes. Out of the four, three have been price gains, and only single is a deep cut in the value. Starting from 24th July up to 27th July, Ethereum managed to get a hike of 9.42%, and it took the coin to 222.92 USD. The next variation was a significant increment in the value against USD, and this hike took the coin to 236 USD by 06th August. It was followed by a deep fall of 26.02%, and this fall pushed the coin to the lowest point of the month at 175 USD by 15th August. The last swing could, however, add 27.5 USD to the coin with the help of a 15.75% hike. The current value is growing with the aim of 200 USD. The market cap on 20th July was 23,436,841,991 USD, and the value of each coin was 234.52 USD. The current market cap and the value of each coin are respectively 7.45% and 14.98% less than the data for last month.
Ethereum Price Prediction-
Ethereum is actively pursuing 200 USD, and as soon as it reaches 200 USD mark, the path onwards is likely to become smoother. By the end of 2019, it is predicted to be able to touch 410 USD. This week’s end may see the value near 206 USD. The details of the resistance and support levels are given below.
|1st Resistance||206.73 USD|
|2nd Resistance||210.37 USD|
|3rd Resistance||217.18 USD|
|1st Support Level||196.28 USD|
|2nd Support Level||189.47 USD|
|3rd Support Level||185.83 USD|
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.