Ethereum Price Analysis: ETH Registers 6% Intraday Growth
Ethereum (ETH) price has managed to hold its ground against the continual bearish volatility since the past few days. Even now the coin, as seen on yesterday, came back from being below the baseline to push for an upward momentum for most part of the day. The price of ETH has shown movements between $124 – $135 over the last 24 hours.
After registering sharp decline on March 28, Ethereum price managed to hover around $130. However, yesterday, it fell even below further $126 mark but then, it recovered and hit the $134 mark.
ETH/USD Price Chart
Yesterday, the price of ETH coin was way below the baseline at $124.15 in the initial hour. Then, it shot up to a high of $134.05 by a huge hike of 7.92% over the next 11 hours. At this high, the currency couldn’t manage and fell to $131.60. However, then, Ethereum initiated moderate recovery and the upward swing help the coin to reach a high of $134.88. Later, towards the closing hours, the coin marked slight regression.
Today, ETH coin started with a negative note. It marked a slight fall in the price and spotted at $131.84 at the time of writing this analysis. Ethereum has been braving the bear pressure at regular intervals with great gusto. Yesterday’s price movements for the coin has also seen the price putting up a good fight against the continual bear pressure. Analysts are confident on the ability of ETH to bounce back and expect it to rise to great heights in the upcoming days.
