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Ethereum News

Ethereum Records 12% Downtrend in the Last 5 Days

It may have been a slow month for most of the cryptos as far as price movements are considered. In the last 5 days, the price of Ethereum has moved from $193.72 to its current value at $170.37 as of August 30, 2019 at 10:08:23 UTC recording a downtrend of over 12%. ETH coin showed sudden slump on August 28 around noon by slumping from $186.83 to hit as low as $168.53. It has not recovered much since then but may trade up to yesterday’s high value of $174 by the end of this week.

Ethereum has recorded the lowest value at $167.07 in the last 24 hours, and this has become its lowest value in the last 90-days as well.

Ethereum is moving at a good pace this year. ETH coin may start trading above $200 in the upcoming weeks and may cross its 30 days highest of $239. The coin may also gain some good momentum to cross $300 target by the end of the year. It is a good time to start trading ETH coin and save for future benefits.

ETH Price Chart

Florence Muchai

Florence Muchai is a crypto journalist at CoinNewsSpan with four years of experience covering Crypto, Blockchain, Web3, NFT, and AI. She has written for MSN and CryptoPolitan, bringing a wealth of knowledge to the industry. Florence holds a Bachelor's Degree in Disaster Management and International Diplomacy and a Master's Degree in Clinical Psychology. She is a digital nomad and explores the intersections of decentralized and traditional finance, offering insightful analysis on wealth creation, financial literacy, and the evolving digital economy. She is passionate about empowering readers with knowledge and delves into emerging trends, regulatory developments, and the impact of blockchain on global finance.