Will Ethereum (ETH) Gain Upward Momentum?
Ethereum was priced $174.71 on October 19, 2019, with bears dominating the coin. The lowest price at which it got traded over the last month was $158.10, dated October 23, 2019. Despite the drop, ETH coin managed to rise and show a growth of 23.55% the very next day. For the consecutive three days, Ethereum recorded a rise of 9.20% which happened on October 29, 2019. On November 6, 2019, the upside movement continued with price reaching $193.53. Currently, the coin exhibits an upward trend.
Ethereum Price Analysis
The ETH price comparison since November 15, 2019 shows that it is moving upwards by 2.21% today. The same movement likely to remain with ETH reaching its next resistance $187.
This is a decent time to sell a few coins in hand as per the present movement. The trend for the coin from October 18 until October 25 was bearish post, which Ethereum has managed to maintain its bullish stand. Trading from the long-term will prove to be profitable.