Ethereum News

Ethereum (ETH) Records 16% Fall in a Week-long Run

Ethereum was registering moderate movement at the beginning of the week. The market pressure was created in the middle of the week. The same brought the currency down to an unexpected level. The coin is again spotted uphill. The said uptrend might be short-lived.

In the last 7-days, the ETH coin was seen dealing as high as $178.99 and as low as $133.80. The volume marked on November 20 was $7,205,785,149 and today it is at $8,737,404,339. The shift in the counters is due to a heavy pullback in Ethereum.

Ethereum Price Analysis

Ethereum Price

Ethereum began the week at $176.30. The price shifted to $174.94 by the day’s end and marked 0.78% regression. On November 21, the coin slipped to $162.11 by 7.33%. The ETH price dropped to $149.70 by 7.65% on November 22. On the next day, the currency escalated to $153.30 by 2.40%. On November 24, the fall remained intact, and the Ethereum price slipped to $140.80 by 8.15%. On November 25, the price moved from $140.80 to $147.17. The day marked a low at $133. The same is recorded as 90-day price in Ethereum. Today, the coin is locked around $147.17.

ETH price is speculated to give great results in the future. The currency is likely to embark upsurge soon. The latest price crash must have shaken the traders, but they can expect better return in some time. Intraday trading in Ethereum is anticipated to remain moderate. The price seems to hang between immediate resistance level and immediate support level. Ethereum is suggested for long-term traders.

Pauline Dorsey

Pauline Dorsey is a finance graduate. He is also a cryptocurrency analyst. He works on cryptocurrency news and also guides people who invest or deal with cryptocurrencies. He has keen interest in reading historical books and learns new things.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button