- Ethereum price seems to be on a recovery spree
- The improvement in the coin might be short-lived
Ethereum is recovering from yesterday’s price crash. The currency dropped below the 90-day low price and created a new one. The traders interested in ETH coin were disappointed. Well, Ethereum wasn’t the only coin touching the lower level as Bitcoin & Ripple, and many others were spotted suffering too.
As per yesterday’s statistics, the currency touched a high of $150.21 and a low at $133.80. The volume marked as $10,962,753,356.
Ethereum Price Prediction
Yesterday, Ethereum started the day at $153.30. The currency slipped to $143.76. Later, the ETH price slipped to a lower level to $134.04 from $143.76 by 6.76% drop. Further, the price escalated to $151.06 by 12.63% hike. The closing hours again brought a fall of 2.36%. The price counters moved from $151.06 to $147.32. Today, the price of Ethereum started recovering from the opening hour. The counters shifted to $149.96 from $147.32 by 1.79%. Recently, the price slipped to $146.75 by 2.23%.
ETH price is recovering rapidly, and the coin is currently at $148.17. The price is spotted moving towards the immediate resistance level $153. In some time, ETH coin would be seen breaching the same. The traders who are planning to pick Ethereum are recommended to go for long-term investment. The specified period would give the desired return to the investors.
| Resistance Level | Price | Support Level | Price |
| R1 | $153.19 | S1 | $136.78 |
| R2 | $159.91 | S2 | $127.09 |
| R3 | $169.6 | S3 | $120.37 |
