- Ethereum price has been showing a bearish phase as indicated by the price fluctuations over the past five days
Ethereum coin is a decentralized open source blockchain platform known for its smart features functionality and making the blockchain platform more accessible. The second most favorite currency on the blockchain platform has been showing a bearish momentum for the past five days as seen from the price chart where the ETH price has been hovering in the range of $ 211 – $ 309.
As on July 15, 2019, at 6:28:50 UTC, current statistics is as below:
- The current market price of ETH is $ 219.302
- Current market cap is around $23,657,405,601
- 24 h volume is at $10,719,093,396
- ROI is at 7,715.08%
- Circulating supply is at 106,905,130 ETH
ETH Price Comparison
Though Ethereum was showing a steady upsurge even in the current bear run till the first week of July, for the past five days the chart is predicting a bear phase with the prices continually on the downside. From a high of $308.85 on July 10, the price went spiraling downwards to $245.890 on July 14 in 3d 20h 25m to the extent of 20.39%. It again went down further to $211.37 on July 15 in 14h 35m to the extent of 14.15%. Today, the price has shown a little better position at $219.302, which is higher by 3.75%. The current phase does not look too good for the price of Ethereum as the slide is expected to continue with the bears steady in the market.
Ethereum Price Prediction
Ethereum is now reeling under the pressures of a bear market with the bears continuing to hold upper ground. This phase is expected to continue for some more period as the market is showing no signs of stability. Analysts expect ETH coin to have a short-term bear trend but expect the price to pick up well by the year-end and have targeted the price at around $500.
Investors should continue to tread with a cautious outlook as the price of ETH is expected to go down further. Long term investors should hold their investments. Short-term investors should be very cautious as they may incur losses if investment not done prudently.