Ethereum Price Analysis: ETH Corrects Down to $141 After Hitting $148
Ethereum (ETH) has been undergoing a lot of price variations due to the ongoing bearish volatility in the crypto market. The price trend for the last 24 hours also has seen moderate volatility. ETH has closed the last month on a positive note as it traded with bullish impact.
From the beginning of this month, the currency managed to trade with upside momentum, and recently, it has breached $148 mark and correct down to $141. ETH price continues to beat the bear pressure, as evident from the price movements of the past few days. After hitting a low around $125 on March 30, the Ethereum price has shown steady growth till today.
ETH/USD Price CHART
Yesterday, the price was below the baseline at $135.64 at 2:02 UTC. And in the next 15 hours, the coin has marked growth of 9.45%, and the price touched $148.59. However, the bears continued to exert pressure on the coin and pushed the ETH price again below the baseline to $139.56 at 20:30 UTC, showing a downward variation of 6.08%. At 22:44 UTC, the price of Ethereum marked a recovery at $142.84. Today, the currency started trading with a moderate momentum and managed to stay above $141 price mark.
As per the current momentum of Ethereum, analysts expect that this trend might remain intact for the short-term. Current investors should continue to hold their investments as ETH coin has great growth prospects in the long-term. Day traders can continue to trade under current volatile conditions in the crypto market but should do so by maintaining a cautious approach to minimize unnecessary losses.