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:
Yesterday, 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