Analyst Charts Ethereum (ETH)’s Price Rising Back To $200 But Could Drop Below $100 Again First

2019-2-8 21:53

Analyst Believes Ethereum (ETH) Could Grow Up To $200 Before Dropping Down To $90

The cryptocurrency market has been in a bear trend for over a year, and this is something that is harming investors from all over the world. Now, enthusiasts are waiting for a new bull run that would allow virtual currencies to start growing once again.

Ethereum (ETH), the third largest digital asset in the market is one of the digital assets that was affected by this bear trend. The digital asset lost around 94% since its all-time high in January 2018, when it reached $1,400, to December 2018 when it was traded close to $82.

However, Ethereum could start to grow in the near future and reach $200 in the near future. According to HsakaTrades, a popular cryptocurrency trader on Twitter, Ethereum rejected the previous consolidation support that became now resistance, around $105. As per the analyst, the bearish bias is still in play until the red level can be reclaimed as support.

$ETH

Rejected by the previous consolidation support (now resistance).

Bearish bias is still in play until the red level can be reclaimed as support. pic.twitter.com/iVxdfAqwVX

— Hsaka (@HsakaTrades) February 6, 2019

Although this seems bearish for Ethereum, the popular crypto analyst on Twitter DonAlt, he bought ETH just above $100 targeting $200. Nonetheless, he said that he can see the market breaking down to $90. About it, he mentioned that he prefers to have an open position rather than taking the risk of missing the move entirely. He warned that if Ethereum breaks below $90, thigs could get even worse.

Bought quite a bit of $ETH just above $100 targeting $200.
I could see us break down to $90 which would be my dream entry.
That said I'd much rather have a position than taking the risk of missing the move entirely.

If it breaks below $90 I'd guess we're going for the shitter. pic.twitter.com/0o3gccdJAk

— DonAlt (@CryptoDonAlt) February 7, 2019

That means that Ethereum could grow as much as 90% from where we currently are. Additionally, that would represent a massive increase of 143% from the lowest point registered back in December 2018.

The market is currently operating positively. All the top 10 currencies are growing with the exception of Stellar (XLM). The virtual currency leading the trend is Litecoin (LTC), which registered a price increase of 10.59% to become the 4th largest digital asset in the market surpassing EOS, Bitcoin Cash (BCH) and Tether (USDT).

Ethereum is growing 2.11% with a market capitalization of $11.31 billion and a price of around $108. However, it remains far from the second position in the market, that is currently held by XRP. Between XRP and Ethereum there is almost a difference of $88 million in their market capitalization.

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Analyst Claims Ethereum (ETH) Could Soon Surge 90% to $200, But it May First Drop to $90

The cryptocurrency markets are currently experiencing a relatively involatile day, with most major cryptos trading up or down marginally. Because Bitcoin has held support at $3,400, most cryptocurrencies, like Ethereum (ETH), are resting at, or slightly above, their support levels, which is leading many traders to express increased caution in entering any longs positions.

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As traditional equities have plummeted in value, especially Nasdaq-based technology stocks, interestingly, so has the Bitcoin (BTC) market. This seeming correlation was most recently exemplified by crypto’s tumble on Christmas Eve, as BTC fell from $4,200 to $3,800 as industry commentators were claiming that a “Santa Claus rally” was nigh.

2018-12-27 18:29


BitMEX CEO: Why Ethereum Could Quickly Hit $200 Again

This year has been a rough one for most cryptocurrencies but some have fared worse than others. Ethereum is one of those heavy sufferers that has lost over 90% since its peak almost a year ago. According to Arthur Hayes, CEO of Hong Kong based BitMEX, the revival of Ethereum could be just around the […] The post BitMEX CEO: Why Ethereum Could Quickly Hit $200 Again appeared first on Ethereum World News.

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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

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  BCHSV/USD Medium-term Trend: Ranging Supply zones: $150, $200, $250 Demand zones: $30, $20, $10 BCHSV is in a range-bound market in its medium-term outlook. $74.26 in the demand area was the low the bearish pressure could drop the cryptocurrency before rejection by the 50-EMA which acted as strong support for the bulls come back. […]

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