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ETH coin was priced at $169.66 on September 07, 2019. It started to rise upwards post the said date and reached $184.67 on September 09, 2019, at 11:20 UTC. Ethereum has been traded at the same pace after that day. Despite few falls in between, the coin still has managed to maintain its efficiency as there has not been any drastic fall in the ETH price.
If we compare the current price of the ETH coin with the price as on 7th September when it was priced at $169.66 at 00:05 UTC, the coin indicates a bullish run by almost 5%.
We anticipate that the same momentum will continue for Ethereum and it can reach to its next resistance of $178.07 by tomorrow. It may be traded in the range of $176.15 and $178.99 in the coming few weeks.
As per the current movement, you can get considerable returns by selling the old coins. MACD indicator points that the coin is at present, reflecting an upward rise. The number of coins being traded seems to be on the verge of being overbought again today. If you can retain the new coins for a long-term, then it can yield very good profits.
Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience...Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience in the media industry. A journalism graduate, Dipayan has developed a keen interest in staying up-to-date with the latest developments in the crypto space, allowing him to offer fresh insights and expert analysis on emerging trends. Specializing in technical analysis and market trends, Dipayan is known for his ability to break down complex cryptocurrency topics and deliver them in an accessible and engaging manner. Dipayan’s work has been featured on crypto platforms such as AMBCrypto and CoinGape, where he contributes regularly with high-quality, timely content.
