Justin Bons, The Founder and CIO of Cyber Capital, recently tweeted Ethereum is the market leader when it comes to utility s they serve the largest ecosystem of applications, Finance, and Transactions. Coming out from the great leaders of the industry, many users might gain attention towards Ethereum.
#Ethereum is the market leader in utility, with the largest ecosystem of applications, transactions and finance.
Utility generates fees for security.
At this rate Ethereum will become the most secure currency, store of value and platform for trust without centralized authority.
— Justin Bons (@Justin_Bons) August 31, 2019
Ethereum Price Analysis & Forecast
The price of Ethereum was seen trading at $176.73 at 09:33 UTC on 3rd September 2019. Yesterday, the ETH price was fluctuating below the baseline trading at $170.63 at 08:39 UTC. The value increased by 6.24% at 20:34 UTC with the trading price of $181.28. Ethereum saw a slight drop of 2.30% today at 02:24 UTC when the trade value changed to $177.19 which was then slightly increased by 2.05% at 03:21 UTC trading at $180.81. Ethereum price from then is dropped by 2.28% as of now.
Momentary Investment: Considering the transient analysis, the worth is by all accounts dropping continually, and consequently, it probably won’t be a decent time to invest in Ethereum for the short-term.
Long haul Investment: Traders should wait for some time to invest for some great opportunity at the right price to get better profits in the long-term.
You can check our ETH Prediction to get a detailed idea about the future prices of the coin. The following are the most probable resistance and support levels:
Resistance Levels
R3: $191.88
R2: $186.02
R1: $182.18
Support Levels
S1: $172.48
S2: $166.62
S3: $162.78
