Ethereum, the second-largest coin, has made a cut of 0.42% over the last 24 hours, and it is still lingering behind 190 USD. It has shown four major price variations in this period, and the medium-term outlook of the ETH coin is likely to be bullish.
Ethereum Price Analysis & Forecast
Ethereum started its growth story after 1st April when it gained $135.31 over 45 days. It took the ETH coin to $277.71 from $142.39. After some days of fluctuations, the Ethereum took another hike of 51.18% between 9th June and 26th June. This hike placed the coin at $350.19, the highest point of the ETH coin for the year. However, Ethereum price fell by 43.43% in the next 20 days and reached to $198.11. The latest major variation happened between 05th August and 28th August. This variation cost the ETH coin 20.51%. The market cap of Ethereum on 28th July was 22,241,575,519 USD, and the value of each coin was 208.17 USD. The current market cap and the value of each coin are respectively 9.93% and 11.26% less than the figures for the last month.
Ethereum has a long journey to make, and a bullish medium-term outlook is imminent for the coin. The next three resistance and support levels are listed below for safer trading.
R1: $189.16, R2: $190.80 & R3: $192.65
S1: $185.67, S2: $183.82 & S3: $182.18