Ethereum is considered as the second best cryptocurrency in the markets after Bitcoin. The currency has been a solid performer, growing by 9000% over the past year. However, the last few months have not been as good for Ethereum. Let us take a closer look at the recent performance of the currency. 

Ethereum price, over the past 24 hours, has been up by 3%. The currency started off the day at a price of $381 and closed the day at a price of $392 – which is a solid sign of growth for Ethereum, especially considering what the market experts have in forecast for the currency. Ethereum peaked at $393 during the 24-hour period. 

The market cap of the currency went from $37.6 Billion to $38.7 Billion over the past 24 hours. Looking at the broader picture, the currency has improved over the week as well. Ethereum started the week at $375 and closed the week at $393. The currency peaked at a price of $418 mid-week, when the market cap jumped to $41.2 Billion. 

While Ethereum’s current performance looks good – the market experts predict doom for the currency. It is expected that Ethereum prices will fall by $50 over the week, as observed in the graph above. The currency has had a rough 2018 – falling from $1400 to $400 – and even below that. At its current price point, Ethereum faces resistance between $395 to $400 levels. At this point of time investing in Ethereum would be a risk and it is advised to wait for a day or two before the currency’s movement can be ascertained. 

For more Ethereum price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis. Here’s a look at some of our other recent news stories:

Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice. 

 

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