Ethereum Price Analysis: Ethereum (ETH) Is Making Gradual Gains; Soon To Breach $200

• Ethereum is up by 0.58% over the last 24 hours, and it maintains its value above 190 USD.
• The next resistance for Ethereum may come at 197 USD.

In the last 1 month, Ethereum has made a volatile journey. With four major price shifts, the coin has seen the highest point at 237 USD and the lowest one at 175 USD. The medium-term of the coin seems bullish. Before analyzing the price shifts, let us analyze the current details of the coin now.

ETH Price Statistics-

• Ethereum is ranked at 2^nd position in the market.
• The ROI (Return on Investment) stands at 6,696.59%.
• The total coins in circulations stand at 107,447,784 ETH.
• The market cap as on 24^th August at 03:54 UTC stands at 20,667,558,097 USD.
• The value of each coin stands at 0.01857836 BTC and 192.02 USD.
• The 24h volume of the coin rests at 6,361,030,852 USD.

ETH to USD Comparison-

ETH Price Chart by TradingView

Ethereum was at 223 USD on 25^th July when it faced a blow, and over the next 3 days, the coin lost 24.5 USD, and it was pushed to 199.46 USD. After a few days of volatility, Ethereum faced a hike of 15.26%, and this hike pushed the coin to the highest point of the day at 237 USD on 06^th August. It was, however, not a long-standing one growth. It faced a decline in the value of 26.09%, and this decline took the coin to 175 USD by 15^th August, and this makes the lowest point of the month. The next variation came as a hike of 15.83% between 15^th August and 19^th August. The current value of the coin is roaming around 192 USD. The market cap on 24^th July was 23,231,825,350 USD, and the value of each coin was 203.86 USD. The current market cap, as well as the value of each coin, is respectively 11.03% and 5.80% less than the figures for the last month.

ETH Price Prediction-

As stated earlier, Ethereum is now hovering around 192 USD, and it is miles behind the month’s high at 237 USD. By the end of this month, it may touch the 200 USD point, and the medium-term of the coin is likely to be bullish.