Ethereum Price Demonstrates Moderate Drop Since Yesterday

Ethereum opened with an upward movement, but later it reflected a slight fall. The coin is currently recovering from the drop, but the fluctuation in the ETH price has caused a slight fall. The market is also indicating a less profitable day. Ethereum has recently reflected a sign of great potential. The Market Cap of the currency is noted as 19,467,193,122 USD.

In the last 30 days, ETH price was seen touching the highest score at 203.56 USD and slipping to the lowest at 167.07 USD. We are still speculating a recovery in the coin, but the price counters wouldn’t be moving much today.

Ethereum Price Analysis

Yesterday, Ethereum opened at $181.75. Then, it fell to $180.48 by 0.70% drop from the opening price. The drop continued and took another fall of 1.17%. The price counters switched from $181.18 to $179.06. The fall took the price to $178.52 from $180.28 and kept the price at the same level. Towards the closing hours, the ETH coin climbed from $178.43 to $181.65 by 1.81%. ETH closed the day with a moderate regression of 0.05%, and today it opened at $181.66 and dropped to $180.48 by 0.65%.

Ethereum price
Ethereum Chart By TradingView

Will ETH coin embrace an upsurge today?

Ethereum price was seen trading with upward motion in the first half of the year. The second half has started with losses. There is a high possibility of improvement in the ETH price. It is rumored that the upcoming quarter would bring a huge change in the price of Ethereum. By the end of 2019, it would be seen crossing its 30-day high value of $203. The investors with a long-term plan in mind can go for Ethereum as it would bring huge return on investment. Following are the most probable resistance and support levels to consider for safer trade:

Resistance Levels:

R1: $182.21, R2: $183.32 and R3: $185.13

Support Levels:

S1: $179.29, S2: $177.48 and S3: $176.37

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