Analysts & Traders Bullish: Ethereum on its Last Barrier Before Flying Off to $350 ETH/USD Price
- Chances for a dip to low $200 levels to load up one last time.
- Ethereum looks good! Falling wedge potentially present.
- ETH will outperform BTC in the next 24 months.
Ethereum (ETH), the second largest cryptocurrency by market capitalization is enjoying a good surge in price and is further expected to climb up.
Analysts Expecting Gains from Ethereum (ETH)
At the time of writing, ETH/USD has been trading at $258.37 with 24 hours gains of 3.36 percent. However, it has a long way to go in order to achieve another peak as it is still down 82 percent from its all-time high of $1,430. Having highlighted that, Ether is up 92 percent till date in 2019.
Analysts are expecting more gains from Ethereum as they share their analysis.
Altcoin Psycho recently stated that Ethereum is looking great with a “nice rounded bottom.” At the time, he talked about an expected pump soon once people realize that they have missed the Litecoin rally and FOMO that would drive them into Ether.
Thank you for flying $ETHBTC, this is your captain Altcoin Psycho.
Today's flight will be a non stop 1 way trip to Namek.
All passengers will be receiving complimentary Bitmex goodie bags on today's flight once we have reached our cruising altitude pic.twitter.com/rJy4ZnnnR9
— Altcoin Psycho (@AltcoinPsycho) June 13, 2019
“ETH BTC looks like it's preparing a moon mission,”
stated crypto analyst, Don Alt on June 4th. Now, he is waiting for Ethereum to reclaim $300 target before going long on this cryptocurrency again.
This is why you don't front run.
Didn't get the rejection I was looking for – Didn't short – Avoided this mess.
ETH is approaching the next resistance but I don't short so close to the highs.
Might just be time to wait for it to reclaim $300 and then long again. pic.twitter.com/mQuE0qGEUT
— DonAlt (@CryptoDonAlt) June 13, 2019
Meanwhile, crypto trader and investor, Credible Crypto is bullish on Ethereum who says, the cryptocurrency has the “last barrier” in its way before it short upwards above $350 level.
Ether (ETH) Could Also Drop to $200 Levels
However, there are also chances of hitting low $200 levels that according to him will be the last time to load up some Ether. But for ETH to see a drop of this magnitude, Bitcoin has to take a drop as well.
I told my mom its time to become a $ETH maximalist. Converted the BTC she bought at 3k levels to ETH.
— Credible Crypto (@CredibleCrypto) June 13, 2019
According to crypto analyst, The Cryptomist Ethereum chart “looks good.” Just like other experts, she can see ETH going to $300 before we move into the next month as there is a potential falling wedge present just like Bitcoin.
However, as Credible Crypto warned of a dip to $200, The Cryptomist says we can still see that one final drop to $222 region.
“Regardless I am holding and buying on dips!” states the analyst.
— Galaxy (@galaxyBTC) June 12, 2019
Another popular crypto trader, Bitcoin Jack sees Ethereum surging significantly higher in the future as it has a longer period of consolidation against BTC.
“Unpopular opinion: $ETH will outperform $BTC in the next 24 months. Facts: – $BTCUSD 14/15 consolidation 288 days to breakout – $ETHBTC consolidation 278 days and counting, one of the largest consolidations in crypto – The only large scale secure decentralised SC network.”
Developing Games on the Ethereum Blockchain
Apart from price, the big development may come into the form of the fourth largest publicly traded video game company Ubisoft which is known for Assassin's Creed, Just dance, and Far Cry. The company is reportedly developing game features on the Ethereum blockchain.
Ubisoft May Work on Ethereum for Blockchain Apps: Les Echos
— zerohedge (@zerohedge) June 11, 2019
Though it isn’t yet known if Ethereum blockchain will be used, Ubisoft’s blockchain initiative associate manager, Anne Puck recently said in an interview,
“We think that blockchain has the potential to transform the gaming experience and even maybe to empower players as true stakeholders in their worlds. That’s why our job is to accelerate the integration of blockchain at Ubisoft with this initiative.”