The crypto market is under pullback pressure. To fight back the same, the top guns of the market are trying to recover. Ethereum has been indicating a similar movement, but it is likely to dribble in the coming hour. However, the future of the ETH coin looks great. The interested investors are recommended to wait until the volatility lifts soon.
Ethereum Price Analysis
Yesterday, Ethereum was trading at $223, and in the next two hours, the price dribbled to $210 by 5.78% fall. Then, the price escalated to $219 by 4.47% hike, but then, the coin dropped to $214, and later again, it escalated to $230 by at 08:39 UTC. After this, the ETH price dropped to $223 by 3.06%. It escalated to $231 at 12:18 UTC. Further, the Ethereum price improved to $238 by 5.77%, and later, it plunged to $222 by 6.66% fall. The closing hour of the day realized a slight improvement, and the price escalates to $228 by 2.78%. The intraday movement in the coin reflected a 1.83% upsurge.
Today, the Ethereum price escalated to $233 by 2.72%. Thereafter, it dropped to $217 by 7.01%. Then, the currency marked trading in a similar volatile trend, and at the time of writing, the coin touched $220. ETH price is relatively near to the immediate support level at $213 than the immediate resistance level at $238. The improvement in the coin might take the price to $238, but the chances of the same are quite thin.