The Ethereum Price movement has reflected a marginal improvement. In the last seven days, the currency battled the bear and took the price from $146 (November 26, 2019) to $151 (today, December 02, 2019). The market cap changed from $16,193,326,033 (November 26, 2019) to $16,479,021,340 (today, December 02, 2019). However, the ETH coin is reflecting a substantial loss since yesterday. The intraday traders are anticipated to book losses.

Ethereum Price Analysis:

Yesterday, ETH price started dealing at $152.04. The price dropped to $146.84 by 3.45%. The price jumped to $149.44 by 1.77%. Later, the Ethereum price slipped to $146.74 by 1.81%. The coin shifted to $153.55 by 4.64%. Further, the coin took an astounding leap and touched $153.55 by 4.64%. The price dropped to $149.79 by 2.45% in the later hours. The ETH coin again embarked recovery before closing and touched $153.02 again by 2.16%. Ethereum closed the day with 2.45% regression at $151.97. Today, the day began with an escalation. The price counter touched $150.97 by 0.87%. The price escalated to $152.73 by 1.21%. Later, the price again slipped to $148.67.

Ethereum (ETH) Price Chart

Along with Ethereum, many other coins were reflecting uptrend a few hours ago. And now, the currency is registering the loss. The ETH coin has breached the immediate support level at $148.01. The coin can slip to the next support level at $144.83. The market isn’t giving impressive signs as of now, but the situation is likely to improve at some time. The traders are recommended to opt for long-term investment in Ethereum. The specified period would give the desired result to the investors.

Published by William Johnson

William Johnson is a cryptocurrency expert and works on the latest news for ethereumnews.io. He has completed his graduation in journalism and is the best reporter at ethereumnews.io. He loves reading novels in his free time.

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