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Ethereum (ETH) Price Analysis: ETH is expected to show a revival soon

There is a common concept in the crypto market that is same as all the other markets which say that when any company announces a new innovative technology or product, people are attracted towards it, the anticipation for the product increases and hence its demand increasers dame happens in the crypto market, when a coin announces new technology the price and demand for the coin increases. Ethereum (ETH) announced a Gas Station Network which will help the Ethereum (ETH) customers to avoid many technical burdens.

Currently, Ethereum (ETH) is trading at $203.10 against the United States Dollar (USD). The coin is showing a 3.86% negative growth. The market cap of the coin is $21.74 against the United States Dollar (USD). The market supply of the coin is 107.01 million. The 24 hour high is $214.38 against the United States Dollar (USD) and the 24 hour low is $201.65 against the United States Dollar (USD).

Yesterday, Ethereum (ETH) was trading at $221.27 against the United States Dollar (USD) but the coin sudden a constant and gradual decline throughout the day. As a result, it opened up today at $211.21 against the United States Dollar (USD). The value increased from the opening value and again the coin started showing a fall.

The coin is falling continuously, as a result, the situation is frustrating the investors and traders. But the recent announcement has increased the anticipation in the coin and as a result, increased its demand in the market.

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About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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