Ethereum was priced $147.33 three days back with an upward momentum but soon fell to $144.18 with a 2.14% drop. Despite the fall, the momentum was maintained, and ETH coin managed to reach $145.97 the next day. With a sharp drop in the price, the currency got traded at $142.29 on December 11, 2019. Yesterday, ETH got traded at the lowest trading price which was $139.91. It seems to have gained back some efficiency as managed to rise to $144.50 with a 2.26% growth. The present situation shows that it is going to rise soon.
Ethereum Price Analysis
The coin is showing a marginal fall of 0.65% now as compared to $145.38, which was yesterday’s price. As per the current trend, Ethereum price may reach up to $147 shortly.
As per the past performance and historical data, we would suggest to hold the existing coins. For the past three days, it seemed that the bears would continue to dominate the Ethereum price, but the coin managed to gain back its control over the bulls. Being one of the top cryptocurrencies, ETH is a safe investment and to gain a considerable return, invest in the currency from a long-term perspective.
Resistance & Support Levels
R1: $147.09, R2: $148.57 and R3: $151.4
S1: $142.78, S2: $139.95 and S3: $138.47