Ethereum price movement was spotted marking loss in the weekly run. The fall seems to stay with the coin for a little longer than expected. Few coins have started recovering, but ETH is still battling with the bear. The possibility of improvement still seems hanging. The traders might need to show a little more patience with the coin. In the last three months, the Ethereum price was spotted dealing at a high of $156.61 and a low of $133.80.

Ethereum Price Analysis:

ETH coin was dealing at $187.39 on August 28, 2019. The month closed with a fall of 10.23% at $169.01. The currency improved at the beginning of September and touched $222.95 by 31.91% progression. Later, the price of Ethereum dropped to $155.03 by 30.6%. The price escalated in the later days and touched $196.70 by 26.88%. There was a heavy drop and touched $156.22. Further, the ETH price jumped and touched $198.38 by 26.90%. The month closed at $182.40. The ongoing month started with a moderate movement. Later, the price dropped to $136.25 by 21.67%. There is a slight improvement in the coin that has brought the Ethereum price to $153.97.

ETH/USD Price Chart

Ethereum is under huge pressure. The currency would take a substantial amount of time to improve. The traders interested in the coin must remain patient so that in the future, they could book a colossal profit.

As far as the intraday trading is concerned, ETH coin would remain dramatic. The current price of Ethereum is $155. The coin might move towards the immediate support level at $150. Ethereum is recommended for long-term investors. The specified investment would bring the desired return to traders.

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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