Ethereum Crosses $200 Price Level after a Month-long Price Hike

• Ethereum has been ballooned up by almost 40% over the last month and it went as high as 202 USD.
• The continuation of this bullish momentum will place it at 211 USD anytime soon.

Ethereum, one of the market leaders, has been able to stick to the bullish momentum for the whole of the last month. It has made an increment to the extent of 39.83% in this period, and the value against USD has moved from 144 USD to 202 USD.

Ethereum Price Analysis-

Ethereum was at 144.98 USD at the starting of  January 6, and over the next 12 days, it fetched a rise of 22.78% that added 33 USD to the value and pushed it to 178 USD. It was followed by a 12.16% price correction that caused a decline of 21 USD and pulled the value down to 156.03 USD by January 24. The last variation happened between January 24 and February 5. In these 12 days, Ethereum’s value soared by 32.65% and touched 206.97 USD.

Ethereum’s market cap on January 6 was 15.753 billion USD, and over the last 30 days, it has been swelled to 22.221 billion USD.

ETH/USD Price Chart (1-Month)

Ethereum Price Prediction-

Ethereum’s 20 days MA (203.56 USD) has managed a lead over the current value at 202.74 USD. However, its 50 days MA (197.08 USD) is still lagging by a 0.40% margin. As per our ETH Prediction, Ethereum is likely to continue the bullish momentum for a while. The next resting point for Ethereum may come at 211 USD.

Resistance and Support Levels-