Ethereum Price Analysis: Ethereum (ETH) Takes The Shelter of $207, Is $205 its Next Home?

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Ethereum is down by 0.79% over the last 24 hours. With one positive growth variation, the ETH coin has faced three swings that cut the valuation from the coin. Here is an analysis of the Ethereum price movement for the last week. We should first look at the current details of the coin.

ETH Current Statistics-

Ethereum (ETH) 14th August 04:26 UTC
Rank 2nd
ROI (Return on Investment) 7,253.42%
Coin Circulation 107,312,238 ETH
Market Cap 22,324,680,238 USD
Value in USD 207.63 USD
Value in BTC 0.01953820 BTC
24-Hour Volume 6,011,260,360 USD

ETH to USD Comparison-

Ethereum Price Prediction
Ethereum Price Chart by TradingView

Ethereum has shown a cut in the value against USD by 6.45% and reduced to 215.70 USD from 230.59 USD. This was followed by another swift fall of 8.62% that took the coin to 202.08 USD. This is the lowest point of the coin of the week. However, the third swing came as a surprise when it started gaining strength, and by 11th August, it was at 216.56 USD. However, a steep fall was the next swing that happened, and the 5.63% decrease in the value forced the coin to 204.43 USD by 13th August. The last day has been little ominous for the coin as it has been hovering around 207 USD.

ETH Price Prediction-

Ethereum, as one of the top coins of the market, is likely to turnaround its situation soon. Here are all the probable resistance and support levels of the coin.

Ethereum (ETH)  
1st Resistance 211.5866667 USD
2nd Resistance 214.4633333 USD
3rd Resistance 217.5466667 USD
1st Support Level 205.6266667 USD
2nd Support Level 202.5433333 USD
3rd Support Level 199.6666667 USD

 

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