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Home News Exchange News

Ethereum price data analysis: ETH price can go down to 196?

Taha Farooqui by Taha Farooqui
July 15, 2019
in Exchange News
1 min read
ethereum clarifies the 15m investment

ethereum clarifies the 15m investment

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The queen of cryptocurrency Ethereum ETH is going down with Bitcoin. Ethereum price data analysis reveals that the currency went down over twenty percent (20%) in the past twenty-four hours.

Ethereum is currently trading at two hundred and twenty-one dollars ($221) from the two hundred and seventy dollars ($270) mark.

The over twenty percent decline brought the ETH price down to two hundred and thirty dollars ($230) support area and then breaking even lower.

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ETH price then continues until it hit the new low in the last thirty days at two hundred and twelve dollars ($212). This is the third day in a row Ethereum price continues to fall to new lows one after another despite hitting past the three hundred dollars ($300) mark

Ethereum price data analysis: ETH price can go down to 196? 1Ethereum price chart by Trading View

On the other hand, bears seem to be ruling the ETH price charts. The over twenty-three percent (23.6%) Fib retracement level also supports the two hundred and twenty dollars ($220) as the new support area.

While the fifty percent (50%) Fib retracement level indicates that the ETH price would face severe resistance on the two hundred and twenty-five dollars ($225) mark. However, the currency would have to sustain past two hundred and thirty dollars ($230) mark before making any attempts towards three hundred dollars.

Moreover, as the current trend seems bearish, the currency is likely to fall further down to one hundred and ninety-six dollars ($196) mark if the queen of cryptocurrency fails to sustain current levels.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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