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Home News Exchange News

Ethereum price analysis 30 May 2019; next stop $286 before $300

Saad B. Murtaza by Saad B. Murtaza
May 30, 2019
in Exchange News
2 min read
Ethereum price analysis 30 May 2019; next stop $286 before $300 1
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Ethereum currently surpasses the two hundred and sixty-four dollars mark ($267) eyeing the two hundred and eighty-six dollar mark as a pit stop towards the eventual three hundred dollars ($300) target. 

Ethereum price analysis 30 May 2019; next stop $286 before $300 2Ethereum ETH price chart created with Trading View

The four-hour price chart analysis reveals that Ethereum price has the current upper support at the two hundred and eighty-six dollars ($286.02).

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On the other hand, the ETH price; currently soaring on the six-month high rate, is finding the lower support levels at two hundred and eighty-two dollars ($282.06).

The pair will be expected to open at two hundred and seventy-one dollars ($271), and the analysts have witnessed a small correction at two hundred and sixty-nine dollars ($269).

The ETH/USD accounts for above two percent (2.4%) and has successfully maintained its position above the two hundred forty dollars ($245) to two hundred and fifty dollars ($250), and the anticipated next target will be approximately three hundred dollars ($300).

In the past thirty days, Ethereum price has shown a remarkable improvement of over fifty-five percents (55.47%) in the price from one hundred and fifty-three dollars ($153) to the current ETH trading price.

ETH-price-chart-30day-30may2019Ethereum ETH price chart created with Trading View

The thirty-day price chart analysis reveals that the ETH price is currently operating in the undersold zone on the Stock RSI.

The price is growing slow and steady, with a constant bullish trend along with the market. However, if Ethereum can break free of the market and carry the price on its own, the currency would risk a crash or flight situation.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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