Ethereum ’s current price is around $1,219.64, with a low of $1,094.70 in a 1year timeframe, and has a market cap of 147 billion dollars.
ETH Coin Market Analysis
Ethereum is down 30% over the past week and is presently at its lowest point in a year. Prior to this, it had peaked at almost $5000 in the bull run. ETH has fallen by 30%over the past week and has fallen to its lowest point in a year. It was at almost $5000 in the bull run.
ETH has a max supply of infinite coins worth around$1,219.64with a market volume of38 billion dollars, whereas the market capitalization is 147 billion dollars at writing.
The price of Ethereum (ETH) declined considerably this week. It also made a sharp drop during the weekend, as its price tumbled below last year’s high. Speaking about the reasons for this downturn, Jagdale mentions that there are both domestic and international factors at play with no end in sight.
ETH Price Prediction
In the 1D timeframe, the price action of $ETH/USDT has broken the support trend line and is moving downward. Further, we can expect the price will move after entering the major horizontal support zone as you can see in the structure.
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Closing Thoughts
Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.
