Ethereum price up by 0.53%, next target can be $194

Ethereum was trading upwards from $190 mark yesterday. However, it started declining and fell as low as $189.56. From 01:39 UTC onwards, there was a sharp rise in the price of the coin and the coin reached as high as $195.91 yesterday. Post the said date, the movement of the coin has been more or less at the same pace, and it finally closed at $194.71 maintaining the bullish trend. ETH coin can be traded today in the range of its resistance and support levels $193 and $186 respectively.

ETH price analysis is as mentioned below:

Ethereum Price Analysis and Future Predictions:

If we compare the price of the Ethereum since the time it reached the lowest of yesterday which was $189.56 and the current price, Ethereum indicates a bullish trend by almost 2%.

We anticipate that the Ethereum price may continue to rise by the end of the day tomorrow and can reach $194.

ETH may be traded up to its 90-Day high of $360 in the upcoming months. You may also trade on a short-term basis in the coin considering the huge potential of the coin and its ability to bounce back from the bearish trend.

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Everett Dooley is a Finance and Cryptocurrency Analyst He has worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance.

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