#Ethereum Price Analysis Ethereum Price off to double digits very soon Published 3 months ago on November 27, 2018 By Layla Harding Share Tweet As the whole cryptocurrency market is bearish, Ethereum which is the 3rd largest cryptocurrency by market capitalization being overtaken by XRP a few months back is experiencing the same bear attack with the price just a few points above $100 support. Ethereum follows Bitcoin It is seen that the price of Ethereum follows bitcoin and as the price of bitcoin is on a downfall, Ethereum is also on a downfall. Analysts are predicting Ethereum price to fall below $100 range in a day or two breaking the $100 support which is the only hope left for ETH. If the $100 support is broken, Ethereum price is likely to fall up to $50 or even below this year. Ethereum is currently trading around $106 with approximately 7% loss over the last 24 hours. The major support lies at $100 and the resistance at $110. If the price slides down the support range, there is not much hope left for ETH to rise again above $100 and may stay in double digits at least for the upcoming bearish months. A major panic selling is also predicted once the major support is broken which may drive the price down to $50 or $60. Cryptocurrency Future Unlike 2017, 2018 is not a great year for cryptocurrency enthusiasts as the market is surrounded with bears all around. Analysts predict that 2019 will also be a bear market for most cryptocurrencies. However, analysts predict that 2020 and 2021 will be the years for the massive growth of cryptocurrencies. Ethereum Prediction The panic selling does not seem to end despite the price falling from $200 to $100 in just a few days. The major selling is predicted to be from Initial Coin Offerings that still hold a massive amount of ETH. The price prediction for ETH is around $60 to $70 for the 2018 year end A major panic selling is predicted when the major support at $100 will be broken bringing it to double digits. This article is only the viewpoints of the author and the author is not a financial advisor. You should do your own due diligence before taking any position in Bitcoin or any Cryptocurrency market. 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Apple going to launch its own blockchain soon? 1 Comment 1 Comment Pingback: Ethereum Price off to double digits very soon - Satoshiuncle Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Ethereum Price Analysis Ethereum Price Analysis: ETH going to correct downwards? Published 21 hours ago on February 18, 2019 By Janet F. Sanchez Technical Indicators Support Level – $140 Resistance Level – $150 Ethereum price broadened the ongoing rally and moved over the $144 and $148 resistances against the US Dollar. There is a bullish pattern line formed with support at $142 on the hourly chart of ETH/USD. There could be a downward correction for the short term. However, a lot of buyers are placed around $140 to push the price upwards again. Ethereum price showed strong increases against the US Dollar as well as bitcoin. ETH tested the $150 resistance level which was quite strong so the price may correct downwards for a short term before starting a bull run again. Ethereum Price Analysis Recently, we saw an awful upward move from the $125 swing low in ETH price against the US Dollar. The ETH/USD pair revitalized over the $130 and $136 resistance levels to move into a bullish zone. Afterward, buyers drove the price over the $140 and $142 resistance levels. There was a bearish response noted close to the $148 level and the price plunged towards the $140 support. Sellers could not push the price downwards resulting in a new upward move over the $145 and $148 resistance levels. Ethereum price moved near the $150 resistance and settled well over the 100 hourly SMA. At present, the price is uniting increases above $145, with a couple of bearish moves. There are numerous supports on the drawback close to the $145, $142 and $140 levels. All the more vitally, there is a bullish pattern line formed with support at $142 on the hourly chart of ETH/USD. In the event that there is a break underneath the pattern line, the price could test the $140 support territory. Any further misfortunes could start an all-inclusive drawback amendment beneath $138 and $136. To the topside, the $148 and $150 levels are solid obstructions for buyers in the short term. ETHUSD Price Chart Taking a look at the chart, Ethereum price is by all accounts confronting a large number of sellers around $150. In this way, there could be several swing moves above $140 before a crisp upward move. Above $150, the next resistance is around $155. Continue Reading #Ethereum Price Analysis Ethereum Price Analysis: ETH strong enough for $200? Published 2 days ago on February 17, 2019 By Janet F. Sanchez Technical Indicators Support Level – $130 Resistance Level – $140 Ethereum price picked up strength over the $125 and $130 resistance levels against the US Dollar. There was an appropriate close over the $130 resistance level and the 100 hourly SMA. There is a bullish pattern line formed with support around $129 on the hourly chart of ETH/USD. Ethereum price is probably going to proceed higher towards $140 and $145. Ethereum price is picking up strength after breaking the major resistance against the US Dollar and bitcoin. ETH is trading above $130 support level and it could soon move towards $145 in the short term. Ethereum Price Analysis Ethereum price picked up strength and broke numerous resistances between $125 and $130. There was a legitimate close over the $130 resistance level and the 100 hourly SMA. There was a little bearish response from the $130 resistance, yet the $124 level went about as strong support. The price revived and broke the $130 and $132 resistances. Ethereum price tested the $135 resistance, and later there was a minor drawback adjustment. ETH plunged underneath the $133 level, yet the $132 level went about as good support. There appears to be a lot of supports shaping around $130. There is a key bullish pattern line formed with support at $129 on the hourly chart of ETH/USD. ETHUSD Price Chart Taking a look at the chart, Ethereum price is picking up strength over the $132 resistance levels. It will in all probability break the $135 level and expand gains in the coming sessions towards $140 and $145 levels. The major support is around $130, beneath which the price may test the $125 support zone. Continue Reading #Ethereum Price Analysis Ethereum Price Analysis: ETH ready to fall down? Published 5 days ago on February 14, 2019 By Janet F. Sanchez Technical Indicators Support Level – $117 Resistance Level – $125 Ethereum price faced a lot of pressure being above the $121 and $119 support levels against the US Dollar. Yesterday’s bullish pattern line was broken with support at $121 on the hourly chart of ETH/USD. Now there is an interfacing bearish pattern line formed with resistance around $121. Ethereum price might test the $121-122 resistance zone, where most sellers are placed. Ethereum price chart is forecasting bearish trend against the US Dollar and bitcoin. ETH is currently at danger of falling towards the $117 or $114 support level in the short term. Ethereum Price Analysis EThereum price was unable to break the resistance around $125 and declined beneath the $121 and $119 support levels. The decrease led to the price falling beneath the $117 level and the 100 hourly SMA. Yesterday’s bullish pattern line was broken with support around $121 on the hourly chart of ETH/USD. Ethereum fell up to $115 support and later corrected back upwards towards $117. The previous support levels around $121 and $122 have now turned out as obstacles. There is another interfacing bearish pattern line formed with resistance around $121. In the current situation, it appears that Ethereum price might bounce over the $121 level, but the sellers will most probably push the price downwards. Taking a look at the chart, Ethereum price is battling beneath the $122-123 resistance zone. ETH price needs to move above the last high around $125 to proceed higher in the short term. If not, there is a danger of more declines beneath $119 and $117 in the short term. 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