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
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.