Ethereum News

ETH Rebounds with Bullish Bias; $214 Acts as an Active Support

Ethereum price is escalating amidst the fluctuating market. Also, the top guns like Bitcoin & Ripple are exhibiting bullish influence. The currency has violated 90-days high recently and set new at $227. The 52-weeks high is at $361, which seems approachable within the first quarter. We are positive that ETH coin would outperform the expectations. The indications about the flourishing future are ripe.

Ethereum Price Analysis:

Ethereum Price TodayYesterday, Ethereum price was at $213.42, and in the next 2 hours, the price improved to $220.19. Then, the price dropped to $215.92 by 1.94%. There was a slight upsurge marked that brought the ETH price to $219. The currency locked at the same level till 09:12 UTC. Later, the Ethereum price improved and touched $224.23 by a moderate hike of 3.25%. Later, the coin marked a slight fall and reached $217.48 at 12:46 UTC. Then, it reflected a slight recovery and the price touched $223.10 by 2.59%. But again, the ETH coin couldn’t hold itself at this level and dropped to $218.36 at 21.03 UTC. The closing hour experienced an upsurge. Ethereum closed at $223.06 with an intraday progression of 4.54%.

Today, Ethereum started with a heavy plunge of 4.01%. The price counter moved from $223.06 to $214.12 by 4.01%. Later, the price took a tremendous jump and touched $227.48. The ETH price is currently at $225.95.

Resistance & Support Levels

R1: $226.48, R2: $230.23 and R3: $237.32

S1: $215.64, S2: $208.55 and S3: $204.8

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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