Ethereum News

Ethereum Price Analysis: ETH Losses 12.07% Value Overnight

  • Ethereum’s price has been down by 12.07% overnight, and it is now roaming around $216
  • ETH may soon seek the support point at $203

Ethereum’s price trend over the last 24 hours has taken a significant turn. It has been migrated from $250 to $210 price mark in these 24 hours. It is likely to fall further in the upcoming days.

ETH/USD Price Chart

Ethereum (ETH) Price News

Ethereum opened the day at $246.28, and in the next 12 hours, it lost 13.51 USD and got placed at $232.77. From this low, it marked slight recovery, but again it faced a price correction to the extent of 9.71% between 12:35 and 16:47 UTC. In these 4 hours, ETH price dropped and confined to $217.26. After reaching this low, the currency again spotted moderate recovery and touched $231.95, but later, it started a downside correction, and by 01:16 UTC today, Ethereum’s price got slackened by 9.68% and reached the bottom at $209.49.

At the time of writing, the ETH coin price is trending below its 50 days and 20 days moving averages. Its RSI is now at 41.56 and heading towards the oversold zone. It shows that in the upcoming hours, ETH might not mark any steep upside movement. As per our prediction, the price of Ethereum may fall further until it reaches the support point at $203.82.

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.

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