Let us compare the price of the Ethereum since the past week. ETH coin was priced at $169.18 on August 31, 2019. On the same day at 21:45 UTC, there was a sharp rise and Ethereum price rose by 2% and reached $174.19. There were a couple of steep rises in the next few days and the coin reached $181.55 on September 03, 2019 at 19:30 UTC. However, the coin was not able to maintain its pace at this level and with a significant fall, the price reached $167.11 on September 06, 2019.
Ethereum Drops but Eyes Gradual Recovery
The price of the Ethereum has dropped by 6.74% today since its previous high of $181.55 on September 03, 2019. However, we believe that the ETH coin should pick up some pace by tomorrow. In the upcoming weeks, Ethereum may be traded in the range of its resistance and support levels $181 and $166, respectively. It may take some time for the ETH coin to reach its major resistance level of $185 as per the present trend.
The CMF indicator reflects that the present movement of the Ethereum is a bearish one. Considering the huge potential of the coin and its ability to bounce back from the bears, we anticipate that Ethereum will slowly start to rise upwards. As per Ethereum forecast, by the end of this year, it can reach as high as $200.
