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Ethereum (ETH) Prediction: Ethereum’s Recent Bull Run-Will it Survive?

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Ethereum (ETH) is a non-conventional crypto coin designed by Vitalik Buterin, Gavin Wood, and Joseph Lubin. It works as an open source blockchain platform. The decentralized platform backed by blockchain technology helps the transactions done on this platform to stay free from any outer interference giving ultimate anonymity and privacy. The smart contracts and the Ethereum Virtual Machine are the backbones of many dApps. The Ethereum network supports ether coin.

Current Statistics

Ethereum coin (ETH) is the second largest coin in the crypto market with an ROI of 6213.79 %. The current coin circulation stays at 105,581,035 ETH. The current market cap is 18,902,067,531 USD on 09th April at 02:34 UTC. The price of each coin in terms of USD and BTC stands at 179.03 USD and 0.03405821 BTC. The 24 h volume at the same UTC is at 8,350,247,181 USD.

Comparison
Since the very start of 2019, the ETH coin has been running in an inconsistent path. After the mid of January, the growth rate of ETH showed downward growth reaching as low as 105 USD. But, it soon gained much. The market cap of ETH on 09th March was 14,184,354,539 USD. The value of each coin in terms of USD and BTC were 134.89 USD and 0.03461512 BTC respectively. The market cap, as well as the value in USD, inflated approximately by 33 % in the past month. But the highest growth rate was achieved in the last week after April 2. It grew by 20% in these seven days. The highest point of the year was also in the past week when ETH reached as high as 180.92 USD.

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Prediction
Looking at the performance of the past week, it is evident that the ETH coin is going to gain more points on the table. It is now roaming around 180 USD, and in the next few weeks, along with other major crypto coins, it may touch 200 USD. This quarter is very crucial for this coin. These assumptions make a perfect time for buyers. In weeks, the short term investors may get a whopping 10 % return on their investments. For long term holders, this year may pull the price to 250 USD. After 180 USD, the next resistance level on the track is 190 USD. After the resistance, the next resistance can be seen at 205 USD to 208 USD level. Investors are advised to keep these things in mind before securing a position.

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