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Ethereum Up 0.64% – Can ETH Hold Gains?

Written byMaxwell Mutuma
Edited by Amitesh Dhar
August 26, 2019
in Ethereum News
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The ETH coin was valued at $191.23 yesterday, and the movement of the coin was more or less at the same pace. At 2:20 UTC, there was as a sharp fall in the price of Ethereum, and it reached as low as $184.96 as per intraday figures. Considering the massive potential of the ETH coin, it did manage to rise as high as $192.16 at about 12:15 UTC before it finally got closed at $186.84. Despite the fall, Ethereum has managed to bounce back well yesterday.

Ethereum Price Chart

Ethereum Price ChartEthereum Price Chart

Ethereum Price Analysis & Forecast:

If we analyze Ethereum price since the time it reached $192.16 yesterday and the current price, the coin indicates a bearish run by 0.43%, which can be considered as negligible.

From the current ETH News, We anticipate that the price of ETH coin may fall marginally for tomorrow as well and it may find support at $190.

As per the Ethereum Forecast and the current trend, you should trade cautiously within its resistance and support levels. If you can trade from a long-term perspective in the coin, it will offer you high returns.

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Maxwell Mutuma

Maxwell Mutuma

Maxwell Mutuma is a crypto journalist at NameCoinNews, with over five years of experience in digital media and Web3 reporting. Since turning his focus to crypto in 2020, he has covered articles around blockchain infrastructure, DeFi protocols, exchange developments, and the broader decentralization movement. Maxwell's work is driven by a long-held conviction that decentralised technology represents a genuinely transformative force. He brings that perspective to his coverage of on-chain developments, regulatory shifts, and the global adoption of Bitcoin and digital assets.

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