Analyst: Ethereum (ETH) Likely to Surge Towards 200 as Entire Crypto Markets Pump

2019-3-17 00:30

After a bout of sideways trading in the cryptocurrency markets, Bitcoin and other major cryptos have been able to garner an influx of buying pressure that has sent them climbing today. Ethereum (ETH) is one major cryptocurrency that has been able to climb today, but it is facing growing resistance around its current price levels.

Despite this resistance, one analyst still has a target set for Ethereum around $200, which is significantly higher than its current price of $143.

Ethereum (ETH) Faces Fresh Resistance Level Around $144

At the time of writing, Ethereum is trading up over 3% at its current price of $142.5. Earlier today, ETH surged to highs of $144 before being swiftly pushed down its current price levels, signaling that this price is likely a fresh level of resistance.

Despite this, UB, a popular cryptocurrency analyst on Twitter, recently explained that it is imperative that ETH closes above $139 today in order for further gains to be possible, as a close below this price would open the gates for further losses.

“$ETH – Waiting on the daily close before taking a position… A close below ~$139 would be key for me to enter into a short position… $115 is still an area of interest for me if there’s downside,” he explained.

$ETH – Waiting on the daily close before taking a position.

A close below ~$139 would be key for me to enter into a short position.

$115 is still an area of interest for me if there's downside. #Ethereum pic.twitter.com/M9UC64ufqa

— UB (@CryptoUB) March 16, 2019

Analyst: ETH Still Likely to Target $200 in Near Future

Ethereum’s recent price action may be quite bullish from a long-term perspective, as DonAlt, another popular cryptocurrency trader on Twitter, recently explained that he is targeting $200 for ETH in the near-future.

“$ETH: When I opened my swing ETH long at $100 a month ago I targeted $200. My macro view is still the same, expecting far higher prices… I’ve been bearish for the last three weeks, that has changed with recent PA & this S/R flip. If I get stopped out I’ll try again lower,” DonAlt explained.

$ETH :

When I opened my swing ETH long at $100 a month ago I targeted $200.
My macro view is still the same, expecting far higher prices.

I've been bearish for the last three weeks, that has changed with recent PA & this S/R flip.
If I get stopped out I'll try again lower. pic.twitter.com/xvH8ohfjq9

— DonAlt (@CryptoDonAlt) March 15, 2019

If the crypto markets, led by Ethereum, are able to continue surging as the weekend drags on, it will likely set a positive tone for the week ahead, and could lead Ethereum to climb as high as $200, which would validate DonAlt’s technical analysis.

Traders should look towards Bitcoin for guidance as to where the markets are heading next, as it is critical that BTC is able to maintain above $4,000 in order for further gains to be possible.

Featured image from Shutterstock.

The post Analyst: Ethereum (ETH) Likely to Surge Towards 200 as Entire Crypto Markets Pump appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

TodayCoin (TODAY) на Currencies.ru

$ 0.00039323 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 999999
Доступно / Всего 0 TODAY

markets eth ethereum major cryptocurrency today analyst

Источник: newsbtc.com

markets eth → Результатов: 126


Ethfinex Crypto Trading Platform Adds BOX and CNN Tokens, Both Content Blockchain Projects

Ethfinex Adds Two Content Virtual Assets, Content Industry Flourishes With Blockchain Expansions September 20th, 2018 saw the Twitter declaration by the virtual asset trading platform, Ethfinex, asserting that it will start supporting ContenBox (BOX), as well as Content Neutrality Network (CNN) virtual assets for trading the US dollar and Ethereum (ETH) markets. The two virtual […]

2018-9-23 01:31


Биткоин-биржа HitBTC добавила поддержку Gemini Dollar, а Binance — Paxos Standard

Криптовалютная биржа HitBTC добавила в листинг стейблкоин от торговой платформы братьев Уинклвоссов Gemini Dollar (GUSD). HitBTC strongly supports the concept and philosophy of stablecoins. And today we’re happy to open markets for the Gemini Dollar ($GUSD), https://t.

2018-9-21 10:24


Фото:

Dogecoin Now ‘Envy of the Crypto World’ As ICOs Dumped $30M ETH Last Week

Altcoin markets are witnessing upheaval September 11 as Ethereum (ETH) sees major sell-offs from ICOs and Dogecoin generates altcoins’ second-biggest transaction volumes. Dogecoin ‘Envy Of The Crypto World’ Data uploaded to Twitter by cryptocurrency researcher Kevin Rooke shows the abrupt rise of DOGE after developers released the coin’s long-awaited Ethereum bridge beta September 5.

2018-9-11 18:00


Фото:

3 Possible Short Term Scenarios for Bitcoin (BTC) and the Crypto Markets

The subtle art of predicting the future of the crypto markets hinges more on news and the reaction to it, than to the highly respected technical analysis of BTC. This can be seen with the recent decline of Bitcoin (BTC), Ethereum (ETH) and all other digital assets due to fake news that the Goldman Sachs […] The post 3 Possible Short Term Scenarios for Bitcoin (BTC) and the Crypto Markets appeared first on Ethereum World News.

2018-9-9 09:51


CBOE запустит торговлю фьючерсами на Ethereum в этом году

CBOE Global Markets, владелец Чикагской биржи опционов (CBOE) и один из крупнейших биржевых холдингов, планирует запустить торговлю фьючерсами на Ethereum (ETH).

2018-8-31 08:00


Фото:

Coinsquare To Enter European Markets By 2019, Bringing BTC, ETH And XRP With It

The biggest cryptocurrency exchange in Canada, Coinsquare, have announced in a press release that they now plan on entering European markets by Q4 2018, meaning that come 2019, Coinsquare should be readily available across a number of European countries, opening up for the trade of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, XRP, Dogecoin and Dash.

2018-8-24 15:00


Число рынков Augur достигло 1000

16 августа платформа для создания одноранговых рынков предсказаний Augur сообщила о создании тысячного рынка. 1,000 markets 🚀 — Augur (@AugurProject) 16 августа 2018 г. В недельном отчете от 15 августа также говорилось об открытых позициях на 3948 ETH, а на CASH-контракте находилось 4939 ETH.

2018-8-17 14:20


Фото:

Market Update – BTC And ETH Crashing, XRP Finding Balance

Last weeks optimism has well and truly vanished. We start August on a very negative note. The markets are down, values are falling and overall, everything is a little bit disappointing. After almost two weeks of positive movements, we finally saw, for the first time in a number of months, various cryptocurrencies moving back up towards their April highs, back on the road to recovery.

2018-8-1 12:30


Фото:

Researcher: Bitcoin’s Value Proposition Still ‘Massively Underpriced’

Bitcoin may still be significantly undervalued due to mainstream investors missing its “value proposition,” a Swiss researcher has concluded. ‘Only Viable Candidate For Non-Sovereign Store Of Value’ Thomas Huber — a member of the Chair of Entrepreneurial Risks at the Department of Management, Technology and Economics at ETH Zurich university — made the claims as part of ongoing research into cryptocurrency markets this week.

2018-7-28 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum ETF Dreams Dashed? Analyst Says SEC Approval ‘Slim To None’

For investors hoping for a simple way to gain exposure to Ethereum, the road seems paved with regulatory hurdles. The US Securities and Exchange Commission (SEC) has thrown a wrench into plans for spot Ethereum Exchange Traded Funds (ETFs), leaving the future of these investment vehicles shrouded in uncertainty.