Ethereum Price Analysis: Ethereum (ETH) Price Dropped By More Than 30% In The Last One Month

Fibo Quantum

The Fundament Group offered Bonds worth $280 Million on the Ethereum Blockchain which will be backed up by the investments of Commercial Real estate. This decision was taken to recapture to the promise of Initial Coin Offering ‘ICO’.

Current Statistics of Ethereum:

ETH price is recently seen trading at $211.81 at 07:45 UTC on 29th July 2019. The other essential factors are as follows:

  • Return on Investment: 7382.98%
  • Total supply/Circulating Supply: 107,095,867 ETH/ 107,095,867 ETH
  • 24 Hour Volume: 5,774,232,904 USD
  • Market Cap: 22,692,503,284 USD
  • 7 Day high/low: 225.25 USD / 202.25 USD

ETH to USD Price Comparison:

Ethereum Price Prediction
Ethereum Price Chart

Considering the trades from last one month, the highest value was seen trading on 30th July at 00:00 UTC at $323.39. Ethereum price from then dropped by 18.30% on 11th July at 04:30 UTC with the trades changed to $264.21. From then on, the ETH price went further down to the lowest touchdown of $196.94 on 17th July at 11:30 UTC when the value dropped by 25.46%.

By 20th July at 16:00 UTC, the value escalated by 19.77% trading at $235.10. However, the value dropped yesterday by 14.99% again at 21:30 UTC with the trading value changed to $199.85. The value from then is escalated by 6% as of now.

Ethereum Price Prediction and Conclusion:

Since the price of Ethereum is fluctuating in the bearish nature, many followers have switched their trades to ETH as of now with a hope that price might trade in the bullish zone soon. But for a safer decision, the resistance & support levels might help them to avoid any losses in the trade:

Resistance Levels:

  • R3: 224.53
  • R2: 218.28
  • R1: 214.74

Support Levels:

  • S1: 204.95
  • S2: 198.7
  • S3: 195.16