Afshin Sazegar | Ethereum price forecast: Again 4.5% loss at ETH / EUR in the last 24 hours, at the present time, an Ethereum costs € 159.87. Investors currently have to cope with a steady loss of value. Over the last month, the price fell by 9%. The last week was characterized by a minus of 8.5%. In the last 24 hours, Ethereum lost 4.5%. The constant descent of Ethereum tugs at the nerves of investors. A new upswing is expected.
Cryptocurrencies are usually characterized by high volatility. This means that the prices can jump quickly up or down and profit can be made accordingly. At Ethereum, however, the jumps upwards have not existed for some time.
Analysis of the Ethereum course
It does not matter if you look at the price history over the last 30 days, over the last seven days or over the last 24 hours. The minus is persistent and visually alone does not say much that it could soon go up again. But is that really true? To see if we can expect strong price increases in the near future, let's take a look at some of the framework data for the Ethereum Chart.
The maximum price of ETHEREUM last month was € 199.83 and was reached on 19 September 2019.
The minimum price over the last month was measured on 26th September with a value of € 145.62.
If you only look at the last week, the maximum was reached on the 11th of October. Here an Ethereum cost 176.51 €.
The minimum in the last week was only a few hours ago with a value of 159.83 € found.
It is easy to see how the big Bitcoin Drop could apparently also sweep Ethereum. The Bitcoin Drop took place on the 24th of September and the last month of Ethereum's last month was only two days later. Ethereum could not yet recover from this incision. Rather, the current price shows more towards the minimum of the last month.