The bulls ultimately succeeded in driving the Präis vun Ethereum higher after multiple failed attempts. Ethereum, however, is still unable to surpass the significant barrier range between the $1,700 to $1,800 levels. With a bullish bias still present, the price is swaying above $1,700. The price is fluctuating within a very small trading range, but the bears are attempting to push the token lower.
Analyst Issues Warning for ETH – Ethereum Price
During the 2018 bear market, the cryptocurrency analyst who correctly called the bottom for Bitcoin (BTC) sent a warning to ethereum ethereum Blockchain NetzwierkTechnology Follower: 0 View Profil Besëtzer.
Leading smart contract platform Ethereum appears to be headed for an exhaustion rally to over $2,000 before shedding more than 36% of its value from the high, according to pseudonymous crypto expert Smart Contracter.
If ETH reaches a new high here over the weekend, it positions itself for a five-wave advance to finish on the daily chart and a potential peak when legacy markets open the following week. Some attractive longer-term buying chances should emerge around the $1,270 level in the upcoming month “if” it verifies with a new high.
pentoshi pentoshi pentoshi Maart Analyst Follower: 0 View Profil , a fellow crypto expert, stëmmt with Smart Contracter’s assessment of ETH. According to Pentoshi, who has 592,300 Twitter followers, Ethereum will probably correct as it struggles to maintain its momentum at a significant resistance level.
"Ech hunn e gudden Doji op der Woch gär. Wat follegt dacks nodeems et a Resistenz kënnt? Dir kënnt en Argument maachen datt Schwächt bei Widderstand gewise gëtt. Dir géift net gleewen, wat duerno kënnt."
While popular cryptocurrency strategist Altcoin Sherpa geet erop is bullish on Ethereum, Smart Contractor and Pentoshi are bearish. altcoin sherpa altcoin sherpa Altcoin Sherpa geet erop Maart Analyst Follower: 0 View Profil believes Ethereum has a decent chance of maintaining its bullish trend if it can overcome resistance above $1,700.
If Ethereum is accepted into this area, I believe we could witness a rise to highs in the low $2,000 range. In my opinion, if this occurs, everything keeps pumping as ETH/USD dominates the market.
War dëst Schreiwen hëllefräich?
Source: https://coinpedia.org/ethereum/ethereum-eth-price-to-hit-2000-before-plunging-37/