Ethereum Price Analysis: Ethereum is Actively Pursuing the Target of $200

Ethereum, with a marginal gain of 1.69%, is nearing 200 USD. It has been through immense pressure in the past couple of weeks, and now it seems to have gotten on the track. By the end of this year, it is likely to bounce back and reach its YTD Highest. Before analyzing the price movement pattern of the month, let’s first look at the current statistics of the coin.

ETH Price Statistics-

ETH to USD Comparison-

Over the last 30 days, Ethereum has shown four significant price changes. Out of the four, three have been price gains, and only single is a deep cut in the value. Starting from 24^th July up to 27^th July, Ethereum managed to get a hike of 9.42%, and it took the coin to 222.92 USD. The next variation was a significant increment in the value against USD, and this hike took the coin to 236 USD by 06^th August. It was followed by a deep fall of 26.02%, and this fall pushed the coin to the lowest point of the month at 175 USD by 15^th August. The last swing could, however, add 27.5 USD to the coin with the help of a 15.75% hike. The current value is growing with the aim of 200 USD. The market cap on 20^th July was 23,436,841,991 USD, and the value of each coin was 234.52 USD. The current market cap and the value of each coin are respectively 7.45% and 14.98% less than the data for last month.

Ethereum Price Prediction-

Ethereum is actively pursuing 200 USD, and as soon as it reaches 200 USD mark, the path onwards is likely to become smoother. By the end of 2019, it is predicted to be able to touch 410 USD. This week’s end may see the value near 206 USD. The details of the resistance and support levels are given below.