Ethereum price movement has been quite impressive over the past 30 days. The currency marked an almost 31% hike over the said timeframe, and still, the coin continued to trade with upside momentum. The traders experienced a heavy crash in March and thus were eagerly awaiting a substantial recovery. The current momentum has given the investors the chance to take a sigh of relief.
Ethereum Price Analysis
Ethereum price spotted at $143 on March 25, and in the next five days, it dropped to $125 by 12.59% decline. The coin improved to $133 by 9.64% hike and continued to trade, stably around $130. The ongoing month started with moderate improvement as the ETH price registered almost 18% hike on April 02, and it touched $151. Later, the price held around the same level until April 06.
Further, on April 07, Ethereum price escalated to $175 by a huge hike of 23.87%. Then, it managed to trade around $170 over the next 3 days, and later, it plunged to $153 by 11.84%. After that, the ETH coin price remained at the same level till April 16, and later, it spiked to $179 and continued the upsurge in the following days. On April 18, the price of Ethereum touched $186, but then, it faced rejection, and over the next 3 days, it dropped to $169. However, the improvement embarked immediately after the same, and the price escalated to $198, but then it trades stably around $186.
The RSI of Ethereum is at $56.97 and tilted downwards. The placement of SMA lines, namely, 50-days and 200-days, reflects a bullish crossover. And as per the current price movement, ETH coin might cross $190 mark in the upcoming hours.