Ethereum price is seen marking growth for the intraday traders. however, the opening hours of the day were telling a different story altogether. The traders must be aware of the price movement as it has given fabulous results in the future. ETH coin is spotted a bit disturbed lately. The reason behind the same could be volatility in the market.
Ethereum Price Analysis:
Yesterday, Ethereum started dealing at $183.91. The currency escalated in the first few hours, and the price went up to $185.28 by 0.74%. Later, ETH’s price started falling and went down to $179.46 by 3.16%.
The last few hours brought a moderate recovery of 1.98% as ETH price jumped to $183.02. The day closed with an overall regression of 1.02% at $182.
Today, there was a slow start. The price started picking up from 04:54 UTC. The price of ETH surged from $180.93 to $185.91. The same could bring a profit for the intraday traders.
Ethereum is counted among the result-giving cryptocurrencies of the market. For intraday traders, the coin is expected to bring good news. It looks like the price of ETH coin is slowly moving towards the immediate resistance level at $189. It is usually suggested for long-term investors. The short-term is not likely to bring the desired result; hence, we wouldn’t vote for it.
Resistance & Support Levels
R1: $185.03, R2: $187.62 and R3: $190.23
S1: $179.83, S2: $177.22 and S3: $174.63