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

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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