Ethereum price was spotted escalating at the beginning of the ongoing month. The upside momentum continued the entire week at a moderate pace. The coin is anticipated to improve heavily in the coming period. The traders who are expecting a colossal return are recommended to dig-in. Ethereum is recommended for long-term investment.
Ethereum Price Analysis
Since the beginning of this month, ETH coin reflected moderate upside momentum, and over the last 24 hours, the currency marked immense growth. Yesterday, Ethereum started the day at $142, and in the next hour, the coin climbed to $144. The coin hanged around the same level till 04:00 UTC. The upsurge began after that and in the next 3 hours, the price touched $151 by 5.12% hike.
With a slight plunge to $148, the ETH coin again picked up the pace and touched $154 by 4.02%. The price hovered around for a while at 15:45 UTC, and the coin touched $165. Ethereum price locked at the same level till 20:19 UTC. The currency escalated to $175 by 5.26%. The day-long movement in the coin brought a 20.04% progression.
Today, ETH coin started with a spike at $176, but later, the price dribbled to $168. For the next 3 hours, the coin floated at the same level. The improvement started at 06:00 UTC, and in the next hour, the price spotted at $174 by 2.88%.
At the time of writing, the price of Ethereum is quite near the immediate resistance level at $177. It looks like the coin would breach the same in the coming hours. However, if bears enter, then the immediate support level is created at $152.