Ethereum Price Analysis: ETH Exhibits Dramatic Movement over the Last 24 Hours
Today, Ethereum reflected a great potential during the opening hours. The coin hung around $140 for almost 4 hours with moderate volatility. Later, it marked sharp fall and brought the price around its immediate support $136. The rest of the day is likely to remain moderate as the price counter wouldn’t be moving hastily.
ETH/USD Price Chart
Yesterday, Ethereum started dealing at $137 and within 20 mins, the coin spiked at $137.83. Then, it started trading downwards and at 02:28 UTC, the price was at $135. From this low, ETH price escalated to $138 by 2.22% in the next hour but, it couldn’t hold itself at this level and dropped to $134.06. The price hovered around the same level for some time and at 08:31 UTC, the price started escalating. By 11:20 UTC, Ethereum price was at $136, but later followed by a drop of 1.65% and the price touched $133. After remaining at the same level till 17:00 UTC, the currency booked an escalation of 2.13% and touched $137.55.
After this moderate hike, the coin escalated again and reached $139. The overall intraday movement of ETH coin reflected 1.28% upsurge. Today, the coin started the day with a spike at $141, but later, fell to $138. The coin tried to pick up the momentum again to $140 but couldn’t hold itself and at 05:52 UTC, the coin was spotted at $136.
Presently, Ethereum is trading quite near to the immediate support level at $135. The same is speculated to be violated in the impending hours. If the ETH coin reverses the trend then the immediate resistance level is formed at $139. The day might bear loss for the traders.