Ethereum has once again proved its worth as one of the finest coins of the market. Over the last eleven months, ETH has made a 33.75% increment against the US Dollar. The overall price trend can be divided into three major price shifts.

Ethereum Price Analysis

ETH coin opened the year at 139.75 USD. It has its first swing between February 08 and May 16. In these days, Ethereum had a 172.98% hike and scaled as high as 281.77 USD from 103.22 USD. The second variation started on May 19, and over the next 38 days, Ethereum reached the peak point of the year at 364.49 USD after gaining 55.76%. However, from June 26, it started weakening and lost 58.02% to touch 153 USD by October 23. The current price of Ethereum is roaming around 186 USD.

As the price of Ethereum against USD, it’s Market Cap also has witnessed enormous growth. At the starting of the year, the Market Cap was at 14.665 billion USD, and currently, it is at 20.434 billion USD.

ETH coin’s 20 days average stands at 185.35 USD, and it’s 50 days average is now at 180.1 USD. Ethereum’s next resistance may come at 189.74 USD.

Ethereum (ETH) Resistance and Support Levels
1st Resistance $189.74
2nd Resistance $191.23
3rd Resistance $193.13
1st Support $186.35
2nd Support $184.45
3rd Support $182.96

Published by Harry Gleason

Harry Gleason started his career as a freelance content writer. He shares his knowledge on topics like finance and cryptocurrencies. He is now leading a team of content writers of ethereumnews.best. He also loves dealing with stock markets.

Leave a comment

Your email address will not be published. Required fields are marked *