Ethereum Price Prediction: ETH Forecast Analysis

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Ethereum (ETH) Price Predictions: Market Data Forecasts and ETH/USD Value Charts

Contents

Ethereum (ETH) Daily Price Forecast: April 19, 2019

  • Yesterday, the crypto’s price has traded and reached a high of $176 price level was resisted.
  • On the upside, if the price is sustained above the EMA, the crypto's price will reach the previous high of $185 price level.

ETH /USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Yesterday, April 18, the price of Ethereum was in a bullish trend. Since on April 10, the bulls reached a high of $182.29 for the price of Ethereum. On April 15, the crypto’s price depreciated to the low at $158.80 and the bulls were making frantic efforts to reach the previous high. Yesterday, the crypto’s price has traded and reached a high of $176 but was resisted.

The price has fallen to the support of the 12-day EMA. On the upside, if the price is sustained above the EMA, the crypto's price will reach the previous high of $185 . On the other hand, if the bears break below the EMAs, the crypto's price will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The bears broke the 12-day EMA and the 26-day EMA as the price fell to its low at $171.07 to resume another bullish trend. The crypto’s price is below the EMAs which indicate that price is likely to fall.

However, if the bulls break above the EMAs, the crypto’s price is likely to resume its bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 18, 2019

  • Yesterday, the bulls broke the  $170 price level but it is trading at $172.56 as at the time of writing.
  • On the upside, if the price is sustained above the EMA, the crypto's price will reach the previous high of $185 price level.

ETH /USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Yesterday, April 17, the price of Ethereum was in a bullish trend. The ETH price was trading below the $170 price level and was unable to break it. Yesterday, the bulls broke the  $170 price level but it was trading at $172.56 as at the time of writing. The crypto's price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

On the upside, if the price is sustained above the EMA, the crypto's price will reach the previous high of $185 price level. On the other hand, if the bears break below the EMAs, the crypto's price will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. On April 16, the bulls tested the $168 resistance level and were resisted. The crypto's price commenced a range bound movement below the $168 resistance level.

Today, the bulls broke the range bound movement and reached a high of $174. The crypto's price is retracing after testing the $174 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 15, 2019

  • The bulls reached a high of $169.08 and commened a range bound movement above the EMAs.
  • The crypto’s price is expected to rise because the price is above EMAs to retest the $184 resistance level.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Last week the price of Ethereum was in a bearish trend. The bulls failed to break the $184 resistance level and were resisted. The crypto’s price fell and broke the 12-day EMA and  the 26-day EMA to reach the bearish trend zone. The crypto’s price fell to a low at $164.24 and commenced a range bound movement.

On April 14, the bulls broke above the EMAs to resume its bullish trend. The bulls reached a high of $169.08 and commenced a range bound movement above the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. Last week the crypto’s price was ranging above and below the 12-day EMA and the 26-day EMA. On April 14, the bulls broke the EMAs to resume its bullish trend. The ETH price is now trading at $169.19 as at the time of writing.

The crypto’s price is expected to rise because the price is above EMAs to retest the $184 resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: April 13, 2019

  • On the downside, if the bearish trend is continuing, the crypto’s price will fall to the previous low of $145.
  • On the upside, if the 26-day EMA is holding the bulls will resume its bullish trend to retest the $184 resistance level.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $150, $130, $110

The price of Ethereum was in the bullish trend zone. On April 8, the bulls reached a high of $187.98 and were resisted. The ETH price made a downward correction as the price fell and broke the 12-day EMA. The downward correction is ongoing. The crypto’s price is falling and approaching the 26-day EMA. On the downside, if the bearish trend is continuing, the crypto’s price will fall to the previous low of $145. On the upside, if the 26-day EMA is holding the bulls will resume its bullish trend to retest the $184 resistance level.

The ETH price is currently trading at $164.51 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 12, 2019

  • On the downside, if the price continues its fall, the crypto’s price will find support at the $156 price level.
  • On the upside, if the bulls break above the EMAs the crypto’s price will resume its bullish trend.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Yesterday, April 11, the price of Ethereum was in a bearish trend. Yesterday, the bears broke the 12-day EMA and the 26-day EMA after the bulls were resisted at the $184 price level. The crypto’s price fell to the low at $164.24 and commenced a range bound movement. The crypto’s price is below the EMAs which indicate that price is likely to fall.

On the downside, if the price continues its fall, the crypto’s price will find support at the $156 price level. On the upside, if the bulls break above the EMAs the crypto’s price will resume its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is below the EMAs which indicate that price is in a bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The crypto’s price fell to the low at $164 and commenced a range bound movement. Today, the bulls are attempting to break above the EMAs. If the bulls break the EMAs, the crypto’s price will resume its bullish trend.

The ETH price is trading at $164.38 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 11, 2019

  • On the downside, if the bearish pressure is continuing, the price may find support at the $165 price level.
  • On the upside, if the $170 price holds, the crypto’s price will rise to break above the EMAs.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Yesterday, April 10, the price of Ethereum was in a bearish trend. Since on April 8, the price of Ethereum had been facing resistance at the $185 price level. Each time the bulls were resisted, the price would fall to the support of 12-day EMA. Yesterday, the bulls tested the $185 resistance and the bears broke below the EMAs to reach the bearish trend zone. The crypto’s price is below the EMAs which indicate price is likely to fall.

On the downside, if the bearish pressure is continuing, the price may find support at the $165 price level. On the upside, if the $170 price holds, the crypto’s price will rise to break above the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is below the EMAs which indicate that price is in a bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell to the bearish trend zone. The crypto’s price is likely to continue its fall since the price is below the EMAs.

The ETH price is trading at $170.42 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 10, 2019

  • On the upside, if the crypto’s price is sustained above the EMAs, the bulls will break the $184 resistance level and reach the previous high of $200.
  • On the downside, if the price breaks below the EMAs, the crypto’s price will fall.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Yesterday, April 9, the price of Ethereum was in a bullish trend. On April 8, the bulls reached a high of $182.21 but could not progress further. The crypto’s price is facing resistance at the $184 price level. Each time the bulls test the $184 resistance level, the crypto’s price will fall to the support of the 12-day EMA to resume another bullish trend. Today, the bulls are making another attempt at the resistance level.

On the upside, if the crypto’s price is sustained above the EMAs, the bulls will break the $184 resistance level and reach the previous high of $200. On the downside, if the price breaks below the EMAs, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. On April 8 the bears broke below the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The crypto’s price is trading horizontally at the $178 price level.

Today, the bulls broke above the EMAs to resume the bullish trend. If the bulls overcome the $184 resistance level, the ETH price will reach a high of $200 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 9, 2019

Latest Ethereum (ETH) News

No doubt, Ethereum is a pioneer cryptocurrency project that did not only improve Bitcoin code base but extended its functionality. Now, transactions of every registry can be secured in a Turing complete network and tokenized thanks to smart contracting.

Read: During Podcast, TRON CEO and Founder Suggests “Official” Collaboration With Ethereum

And because of what Ethereum presents, it was expected that competition will heat up. It did and now we have the likes of Tron, Waves and even EOS which are faster, scalable and secure. Tron in particular is dominating headlines for all the good reasons. Justin Sun, the founder is a super marketer always fronting Tron’s solutions and in each and every conference pulling statistics comparing the performance of PoW based Ethereum to Tron’s which as we said is faster and scalable.

Even so, and despite their feuding, investors seem to be gravitating towards and nodding to the value proposition presented by Ethereum and in a survey, investors are in unison and would buy—hodl Ethereum (ETH) in the long term. Note that Ethereum is the second most capitalized platform in the world and although it is certified secured by a completely decentralized network of miners endorsed by the US SEC, the platform struggles with scalability.

Also Read: Ethereum’s Community Issues Need Fixing Before Ether Blockchain Upgrades

It is this that Vitalik is working overtime and after proposing ZK-Snarks, he is of the opinion that Rollups will address this problem without compromising data availability common in other layer-2 solutions.

ETH/USD Price Analysis

Ethereum ETH

Price wise and Ethereum (ETH) is firm, adding 23.6 percent at the time of press but down 4.2 percent in the last day. Even so, we are bullish and in a bullish breakout pattern, ETH buyers are in control after months of ranging and eventual breaking and closing above $170.

In line with our last ETH/USD trade plan, any strong, high-volume close above $170 is bullish and nullifies Q4 2018 draw-down when ETH prices slide below $200 and $170 thanks to free-falling BTC prices and imbroglios around BCH hard fork.

All the same, now that ETH is reversing from Dec pits and invalidating the bear breakout pattern of Nov 2018, every low should technically be a buying opportunity in smaller time frames. In that case, risk-off and conservative traders should search for favorable entries in the 4HR chart and thereafter aim at $250.

Although ETH might correct after last week’s super run, we should note that underlying bull momentum is strong since bull bars are banding along the upper BB and the band is at the same time diverging away from the middle BB hinting at strong hands if not a strong run to $250 and $300.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: April 8, 2019

  • Today, the ETH price is trading at $181.86 as at the time of writing.
  • On the upside, if the bulls sustained a price above the EMAs, the ETH price will reach a high of $200 price level.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Last week the price of Ethereum was in a bullish trend. On April 2, the ETH price had a price rally which made the crypto’s price reached the high of $177.57 after its range bound movement at the $145 price level. However, the bulls resisted twice after testing the $175 price level. The price fell to the support of the 26-day EMA to resume another bullish trend. The crypto’s price was trading below the $175 price level until the level was broken on April 7.

Today, the ETH price is trading at $181.86 as at the time of writing. On the upside, if the bulls sustained a price above the EMAs, the ETH price will reach a high of $200 price level. On the downside, if the price breaks below the EMAs, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. Last week, April 3, the price fell below the 12-day EMA and the 26-day EMA after the resistance at the $175 price level. Today, the bulls have broken the $175 price level and it is approaching the $184 price level. The crypto’s price is facing another resistance at the $184 price level.

If it overcomes the $184 price level, the ETH price will reache the $200 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: April 6, 2019

  • The crypto’s price reached a high of $165.50 and commenced a range bound movement.
  • On the upside, the price is expected at the $200 price level. However, the ETH price is likely to face resistance at the $170 and $180 price levels.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $150, $130, $110

The price of Ethereum is in the bullish trend zone. The ETH price had been ranging between the levels of $130 and $145 in the month of March. The bulls failed to break the $145 price level as the crypto continues to range since February 24. On April 2, the ETH price had a price breakout and the crypto’s price rally above the previous high. The crypto’s price reached a high of $165.50 and commenced a range bound movement. The ETH price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

On the upside, the price is expected at the $200 price level. However, the ETH price is likely to face resistance at the $170 and $180 price levels. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 5, 2019

  • The ETH price is currently trading at $164.66 as at the time of writing.
  • On the upside, if the bulls break above the EMAs, the crypto’s price will revisit the $175 resistance level.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Yesterday, April 4, the price of Ethereum was in a bearish trend. Yesterday, the bears broke the 12-day EMA and the 26-day EMA to reach the low at $156.30 price level. This was the effect of the resistance at the $175 price level. The price of Ethereum is now above  the EMAs which indicate that price is likely to rise.

Today, the bulls have broken the 26-day EMA and the 12-day EMA to reach the bullish trend zone. The ETH price is currently trading at $164.66 as at the time of writing. On the downside, if the price continues its fall, it will revisit the previous low at $145. On the upside, if the bulls break above the EMAs, the crypto’s price will revisit the $175 resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. On April 3, the bears broke the 12-day EMA and the 26-day EMA and fell to the bearish trend zone. The crypto’s price has been trading below the EMAs as the bulls  break above the EMAs.

On the upside, if the bulls break above the EMAs, the bulls will resume its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 4, 2019

  • On the upside, if the support of the 12-day EMA holds, the crypto’s price is likely to rise to retest the $175 price level.
  • On the downside, if the bears break below the EMAs, the crypto’s price will continue its downward fall.

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $250, $260
Support Levels: $150, $140, $130

Yesterday, April 3, the price of Ethereum was in a bullish trend. Yesterday, the bulls reached a high of $173.76 but were resisted. The price retraced and resumed another bullish trend. The bulls tested the $175 price level and were resisted again. The crypto’s price fell to the support of the 26-day EMA.

On the upside, if the support of the 12-day EMA holds, the crypto’s price is likely to rise to retest the $175 price level. On the downside, if the bears break below the EMAs, the crypto’s price will continue its downward fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The crypto’s price reached a high of $176.36 but the bulls were resisted and the price fell to the support of the 12-day EMA. The bulls resumed another bullish trend at the support of the 12-day EMA and tested the $180 price level.

The price fell to the low at $161 and commenced a range bound movement. Today, the ETH price is trading at $164.21 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 3, 2019

  • Today, the ETH price has reached a high of $169.21 as at the time of writing.
  • On the downside, if price retraces to the support of the 12-day EMA, the bulls will resume the bullish trend.
  • On the other hand, if price breaks below the EMAs, then the crypto will resume a downward trend.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $150, $140, $130

Yesterday, April 2, the price of Ethereum was in a bullish trend. Yesterday, the bulls broke the $143 resistance level while in a price breakout. The price of Ethereum had been trading below the $145 price level since February 24. It was assumed the previous day that a price breakout would make the ETH price reached the previous high of $165. Today, the ETH price has reached a high of $169.21 as at the time of writing.

The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On the downside, if price retraces to the support of the 12-day EMA, the bulls will resume the bullish trend. On the other hand, if price breaks below the EMAs, then the crypto will resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. The 12-day EMA and the 26-day EMA are trending northward indicating that price is in a bullish trend. A bearish candlestick has retraced to the support of the 12-day EMA indicating that the bulls are resuming the bullish trend.

On the upside, if the price is sustained above the EMAs, the crypto’s is likely to rise.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: April 1, 2019

Today's Ethereum (ETH) News

Lane Rettig, the Ethereum developer and a member of a “small group” who calls the shot on matters Ethereum protocol is admitting failure. This is so because according to his analysis, Ethereum’s problem is increasingly non-technical and:

“core devs don’t want to make these decisions because they feel unqualified, fear legal liability, are conflict avoidant, and prefer just to write code.”

And there are pretty limited options to drift away from this unexpected dilemma.

Read: Ethereum Pending Transactions Decline as ETH Blockchain Network’s Congestion Slowly Fades

One is to throw the towel and give up on governance and “be like Bitcoin” and the feasible option is to adopt a plutocratic governance system where coin holders can participate in decision making. The latter approach may be the steps necessary for “unsticking” Ethereum now that the system is completely decentralized and even has support from SEC representatives satisfied by the network’s distribution levels.

Also Read: Ethereum Developer Expresses Reasons For Supporting ProgPow Implementation On ETH Network

Furthermore, he gets controversial by proposing centralized governance that is transparent and accountable. Although many will not agree to this system now that Ethereum embodies blockchain which is transparency and redistribution of power, there are worries that the shift from PoW to a proof-of-stake would lead to power concentration because most ETH in circulation is held by whales controlling up-to 80 percent of all coins in circulation in an analysis done by Weiss Ratings.

ETH/USD Price Analysis

Ethereum

The positive correlation between Bitcoin and Ethereum is visible from the chart. After adding 3.4 percent in the last week, Ethereum (ETH) prices are also in an up-trend adding 4.7 percent in the same time frame. It is not trading at $141 at the time of press and could add more should there be a build-up of momentum driving prices above $150 in a minor breakout trade.

As mentioned in our last ETH/USD trade plan, any gain above Mar 29 highs increase odds of a close above $170 which is Q4 2018 breakout level and previous support now resistance. It is our first target and it is after our trade condition is true with prices trading above $150 that risk aggressive traders can load up on the pullback and aim for $170.

At the moment, we suggest taking a wait-and-see approach expecting transaction volumes to build up, aid in the pump above $150 and preferably exceed 302k of Mar 5 on the lower side and 880k of Feb 24 on the upper side. If that prints out, there will be little liquidation ceilings preventing prices from rallying to $250 or even $300.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: April 1, 2019

  • On the upside, a price breakout will enable the bulls to break the $143 resistance level and reach the previous high of $165.
  • On the downside, if price breaks below the EMAs, the crypto's price will fall.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Last week the price of Ethereum was in a bullish trend. On March 29, the bulls tested the $146 price level and were resisted. The crypto's price fell to the support of the 12-day EMA to commence another bullish trend. In retrospect, the bulls have not been able to break the $143 resistance level since February 24. Today, the crypto's price is in a bullish trend.

On the upside, a price breakout will enable the bulls to break the $143 resistance level and reach the previous high of $165. On the downside, if price breaks below the EMAs, the crypto's price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a range bound movement. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is in a range bound movement. On March 30, the bulls tested the $148 price level and were resisted.

The price fell to a low of $143 and commenced a range bound movement. Today, the ETH price is in a bullish trend trading at $145.16 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: Mar 30, 2019

  • On the upside, the crypto’s price is likely to reach a high above $160 price level with little resistance.
  • On March 27, the bulls broke the $140 price level and the crypto’s price is approaching the high of $146.

ETH/USD Long-term Trend: Ranging

  • Resistance Levels: $350, $370, $390
  • Support Levels: $140, $120, $100

The ETH/USD pair had been in a range bound movement in the month of March. The ETH price had been trading below the $140 resistance level. On February 23, the bulls tested the $160 resistance level. And as a result, the bulls were resisted as the price fell to the low at $135.20. On February 25, the bulls pullback price  and tested the $140 resistance level and were resisted.

Each time the bulls were resisted at the $140 price level, the crypto’s price will fall below the EMAs. On March 27, the bulls broke the $140 price level and the crypto’s price is approaching the high of $146. On the upside, the crypto’s price is likely to reach a high above $160 price level with little resistance.

Nevertheless, On March 1, the crypto’s opening balance was $138.18 but closed trading at $146.20 as at the time of writing. The ETHUSD pair has appreciated by 6% of its capitalization in the month of March. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 29, 2019

Today's Ethereum (ETH) News

Based on OpenMarketCap data, Ethereum (ETH) has a market cap of $14,614 million and trading at $138 apiece. With this valuation, the coin is down 90 percent from last year’s high. There is worry amongst pundits that the smart contracting platform may be losing its mojo. In a recent interview with Laura Shin, Vitalik admitted that they might be losing their edge but is not worried about being usurped by any other token aside from Tron.

Read: AirBnB Now Accepts Crypto Payments via Bitrefill: Bitcoin, Ethereum, Litecoin, Dash and Dogecoin

Designed for developers with the intention of tokenizing assets, a feat not possible with Bitcoin, the network is public and upgrades are not as smooth. That’s the reason why the second stage of Metropolis, Constantinople, delayed but its successful activation in late Feb has set the ball rolling as developers work on Serenity, proof of stake network whose exact launch day is tentative. Aside from Serenity, talk of Ethereum 2.0 continues to dominate and for good reasons.

Also Read: Ethereum is Slowly Declining in Developer Count as Market Share of Rivals Tron, EOS and Stellar Climbs

Activation means a complete code and architecture revamp of 1.0 and once complete, the two versions would exist concurrently for more than a year before full migration. There is also talk of ProgPOW, off EIP 1057 whose intention is to make the network—still in PoW, more ASIC resistant by increasing the efficiency of GPU and FPGA mining. Although resisted by heavily invested Ethash miners, it is likely that implementation will be completed this year through a hard fork.

ETH/USD Price Analysis

Ethereum

ETH prices are ranging with support at $135 and resistance at $150. Because of Mar 27 gains, there has been confirmation of Mar 4-5 double bar bull reversal pattern meaning risk-off traders can begin loading up on dips in lower time frames.

Even so, traders should proceed with caution noting that although bullish, gains of Mar 27 are at the back of light volumes—177k against 302k of Mar 5. Besides, there has been no confirmation of the three-bar bull reversal pattern of Mar 25-27 and therefore, bears of Feb 24 could flow back crushing buyers’ expectations. It is hence, increasingly becoming clear that there will be a free flow of bulls once there is a firm break and close above $150.

That will allow prices to expand towards our first targets at $170, an important resistance level marking Dec 2018 highs. $170 is also the breakout level, previous support and the 61.8 percent Fibonacci retracement mark of the last bear leg when prices slid to $70 in Q4 2018.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: March 29, 2019

  • On the upside, if the bulls break the resistance level, the crypto’s price will reach the highs of either $150 or $170 price level.
  • On the downside, if the bulls fail to break the resistance level, the price will fall to the support of the EMAs. However, if it falls below the EMAs, the price will depreciate to a low of $135.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 28, the price of Ethereum was in a bullish trend. Yesterday, the bulls were resisted after testing the $140 resistance level and the price fell to the support of the 12-day EMA. Today, the crypto’s price has resumed the bullish trend to make another attempt at the resistance level. On the upside, if the bulls break the resistance level, the crypto’s price will reach the highs of either $150 or $170 price level.

On the downside, if the bulls fail to break the resistance level, the price will fall to the support of the EMAs. However, if it falls below the EMAs, the price will depreciate to a low of $135. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The crypto’s price is trending above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. On March 27, the bulls were resisted and the price fell below EMAs but the bulls pulled above the EMAs.

The crypto’s price is in a bullish trend trading at $140.89. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 28, 2019

  • On the downside, if price retraces and breaks below the EMAs, the crypto’s price will resume its downward trend.
  • On the upside, if price retraces to the support of the EMAs, the bulls will resume the bullish trend.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 27, the price of Ethereum was in a bullish trend. The crypto’s price had been in the bearish trend zone in the last six days after the bulls were resisted at the $142 resistance level. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA as the price reached the bullish trend zone. The bulls tested again the $142 resistance level and were resisted. The price of Ethereum is retracing from the recent high.

On the downside, if price retraces and breaks below the EMAs, the crypto’s price will resume its downward trend. On the upside, if price retraces to the support of the EMAs, the bulls will resume the bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The ETH price is in a bullish uptrend. The 12-day EMA and the 26-day EMA are trending northward. Yesterday, the bulls tested the $142 resistance level and the price was retracing from the recent high.

The price is retracing and has broken the 12-day EMA and it is approaching the 26-day EMA. If the bears break below the EMAs, the crypto’s price will resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 27, 2019

  • Presently, the price of Ethereum has risen from the $134.30 to $138.93 price levels.
  • On the upside, as the bulls break the EMAs, the crypto’s price is likely to face resistance at the $140 and $142 price levels.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 26, the price of Ethereum was in a sideways trend. Yesterday, the crypto’s price was in a range bound movement when the bulls broke the 12-day EMA and the 26-day EMA. Presently, the price of Ethereum has risen from the $134.30 to $138.93 price levels. On the upside, as the bulls break the EMAs, the crypto’s price is likely to face resistance at the $140 and $142 price levels.

On the other hand, if the bulls fail to break the resistance levels the crypto’s price will fall and commence a range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The crypto’s price was previously in a sideways trend before the bulls broke the 12-day EMA and the 26-day EMA. The crypto’s price is making a series of higher highs and high lows.

Nevertheless, if the bullish trend is sustained above the EMAs the bulls will break the $140 resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 25, 2019

Today's Ethereum News

It may be grappling with scalability issues, dealing with claims that the foundation is underpaying lead developers triggering departure and complains of roadmap delays. Constantinople, the second stage implementation of Metropolis is an example.

Read: CoinBase Releases IRS Guidance to Reporting and Paying Cryptocurrency Taxes for Investors

But, as a public, permissionless chain, that is expected. With Constantinople, the community is preparing for low miner rewards in thirding and further vulnerabilities via an EIP—CREATE2 allowing for smart contracting engagement with third parties—could open more attack vectors but developers are confident the network is resilient and easily wade off attempts.

Nonetheless, Ethereum remains king of smart contracts. With a low throughput of 15 TPS at throughput, it is lagging that of EOS—voted the best platform by China’s CCID and Tron is making a comeback with extraordinary offers forcing projects to quite resiliency and security for speed and scalability.

Also Read: Vietnam on the Verge of Opening First Fully Authorized Crypto Exchange with Linh Thanh, KRONN

Even so, we should take into consideration Vitalik thoughts that any blockchain network that promise speed is basically centralized and recent Laura Shin podcast where Vitalik said if Tron, by any measure—development wise and market cap—surpass Ethereum’s, he would have lost hope in humanity.

He’s basically thrashing Tron whose founder Justin is quite fond of drawing comparisons with.

ETH/USD Price Analysis

Ethereum

Data from coinmarketcap reveals that Ethereum (ETH) is firm at second with a market cap of $14,265 million, which is more than $1,400 million from Ripple (XRP). Even so, it is stable in the last day and correcting towards our breakout level at $135 as sellers of Mar 21 step up.

Like Bitcoin (BTC), Ethereum prices are weak despite the double bar bull reversal of Mar 4-5 and our candlestick arrangement points to bears thanks to tapering volumes. Aside from that, prices are printing lower from the upper BB meaning that there is a level of weakness meaning sellers of Feb 24 could flow, wiping out gains of last month.

All the same, we shall adopt a neutral but bullish stance as long as prices are maintained above $135 and bear bars have low volumes below Mar 15—262k and most importantly Mar 5—302k. If this condition is flouted and prices sink with equally high volumes, it is likely that ETH will drop to new levels as a three-bar bear reversal print complementing losses of Feb 24.

On the other hand, any surge from $135 with equally high volumes will draw demand on ETH lifting price above Mar 16 highs of $150 as the foundation of a probable break above $170 is set. Note that $170 or Dec 2018 highs is our main resistance line and risk-off, aggressive traders are aiming at this level after loading up on every dip. Solid breakouts would easily trigger a demand placing bulls at $300 as Joseph Lubin’s projection of 1000X expansion kicks-in.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: March 25, 2019

  • On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $140 resistance level.
  • On the other hand, if the bulls fail to break above the EMAs, the crypto’s price will commence a range bound movement below the EMAs.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Last week the price of Ethereum was in a sideways trend. The bulls failed to break the $140 resistance level as the price commenced a range bound movement. On March 18, the bulls tested the $140 resistance level and the price fell to the support of the EMAs. On March 20, the bulls tested the resistance level and price fell below the 12-day EMA and the 26-day EMA.

The crypto’s price is now below the EMAs and price is likely to fall. On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $140 resistance level. On the other hand, if the bulls fail to break above the EMAs, the crypto’s price will commence a range bound movement below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is below the EMAs which indicate that price is in a bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. On March 21, the bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $132.77. At this low, the bulls made another bullish movement to the high of $137.50 but were resisted again. The price fell again to be bearish trend zone.

Today, the crypto’s price is trading at $135.50 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: Mar 23, 2019

  • On the upside, if the bulls break above the $140 resistance, the crypto’s price will rally above $160 price level.
  • On the other hand, if the bulls fail to break the resistance levels, the crypto’s price will fall.

ETH/USD Long-term Trend: Ranging

  • Resistance Levels: $350, $370, $390
  • Support Levels: $140, $120, $100

The ETH/USD pair had been in a range bound movement in the month of March. The price of Ethereum has been facing resistance at the $140 price level since February 25. The crypto’s price has fallen to the low at $131.76 after the bulls were resisted at the $160 price level.

The bulls have tested the $140 resistance level thrice without success. Each time the bulls tested the resistance level, the crypto’s price would fall below the 12-day EMA and the 26-day EMA. On the upside, if the bulls break above the $140 resistance, the crypto’s price will rally above $160 price level.

On the other hand, if the bulls fail to break the resistance levels, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 22, 2019

Today's Ethereum News

There is nothing wrong about being curious and hard but relevant questions. That is why the community is always sieving through blockchain data, trying to piece together information to demystify who Satoshi is. Whether he is Japanese or American or have a patrimony in both, that we don’t know, but that is the nature of crypto: It is open, interesting, unbounded and global.

Read: Looking into the Top 10 DApps of 2019 for Ethereum (ETH) , EOS and Tron (TRX)

That is why Vitalik—a key figure in the Ethereum ecosystem, is rightly considered a genius but behind his innovation crypto sleuths want to know what his true net-worth. Back in early Oct 2018, Roubini rubbed him the wrong way when he “’ was the ring-leader – together with Joe Lubin – of the criminal pre-mining sale/scam that created Ether. They stole 75 percent of the Ether supply and became instant “billionaires” of fake wealth.”

He shot back saying that the community knew that the project had pre-mined ETH and since it was public knowledge then there was nothing criminal about it. He went on saying he “has never held more than ~0.9 percent of all ETH, and my net worth never came close to $1 billion.”

Also Read: Now All Your Ethereum Node Metrics Need Can Be Met Through NodeStats

New data from Alex Sunnarborg, the head of Tetras Capital which is a cryptocurrency hedge fund, reveals that Buterin has a 350,003 ETHs translating to around $50 million and less than 500k ETHs he received for his work of building Ethereum from the ground up. That means in the course of four years, he has liquidated 200k ETHs.

ETH/USD Price Analysis

Ethereum

Like every other coin in circulation, Ethereum (ETH) bulls are struggling and shrinking like BTC. Even so, bulls are up 2.2 percent in the last day and firm in second place. All the same, the trend has been set and as long as prices are above $135, buyers have a chance.

However, what is worrying for buyers is whether yesterday’s bear bar will be confirmed. It has low transaction volumes—172k, which is less than those of our anchor bar of Mar 5 at 302k, and that is positive from an effort versus result point of view.

As it is, we suggest taking a wait-and-see approach and should gain of Mar 15-16 be wiped out as prices drop below $135 and Mar 5 lows at $125, it is likely that ETH will slide towards $110 and even $100 in days ahead. Therefore, as hinted from price charts, it is imperative for ETH bulls to maintain prices above $135 and that means this week’s bar must close above yesterday’s highs. if not and ETH collapse, risk-off traders should exit their longs on every pullback in lower time-frames.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: March 22, 2019

  • The price fell to a low at $134.45 and commenced a range bound movement.
  • On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 21, the price of Ethereum was in a bearish trend. In the previous days, the bulls fail to break the $140 resistance level. This action compelled the ETH price to fall and commence a range bound movement above the $136 price level. Yesterday, the bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone.

The price fell to a low at $134.45 and commenced a range bound movement. The crypto’s price is now ranging below the EMAs above the $134 price level. Nevertheless, the crypto’s price is below the EMAs which indicate that price is likely to fall. On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is below the EMAs which indicate that price is in a bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell to a low at $132.77. The crypto’s price made a bullish movement which was resisted by the 12-day EMA.

The price is now in a range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 21, 2019

  • The ETH price is still ranging above the $136 price level.
  • The price of Ethereum is currently facing resistance at the $140 resistance level.
  • On the upside, the bulls must break the $140 resistance level, for the crypto's price to reach the previous highs.kkkkkk

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 20, the price of Ethereum was in a sideways trend. The ETH price is still ranging above the $136 price level. The 12-day EMA and the 26-day EMA were trending horizontally indicating the sideways trend. Yesterday, the bulls tested the $139.33 resistance zone and the crypto’s price fell.

The price of Ethereum is currently facing resistance at the $140 resistance level. On the upside, the bulls must break the $140 resistance level, for the crypto's price to reach the previous highs. On the downside, if the bulls fail to break the $140 resistance level, the ETH price will fall to continue range bound movement. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. Yesterday, the bulls break the 12-day EMA and the 26-day EMA as the price reached a closing price of $138.90. The crypto’s price is ranging above the EMAs after testing the resistance zone.

If the bears break below the EMAs, the crypto’s price will further depreciate. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 20, 2019

  • The crypto’s price was ranging above the $136 price level.
  • On the upside, if the bulls break above the EMAs and the price is sustained, the crypto’s price will face the $140 resistance level.
  • On the downside, if the price continues its fall, the crypto’s price will find support at the $130 price level.

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 19, the price of Ethereum was in a sideways trend. The crypto’s price was ranging above the $136 price level. Today, the bears broke the 12-day EMA and the 26-day EMA but the bulls’ pullback to continue the range bound movement. On the upside, if the bulls break above the EMAs and the price is sustained, the crypto’s price will face the $140 resistance level.

On the downside, if the price continues its fall, the crypto’s price will find support at the $130 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The price of Ethereum has been ranging above the $136 price level in the last 48 hours. Yesterday, the bears broke the EMAs to the low at $136.54 but the bulls made another attempt to break the EMAs.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: Mar 18, 2019

  • The ETH price is currently trading at $140.51 price level.
  • On the downside, if the bulls fail to sustain a price above the $146 price level, the crypto’s price will fall.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Last week, the price of Ethereum was in a sideways trend. The crypto’s price was trading above the $133 price level. On March 14, the bulls broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. On March 16, the crypto’s price reached a high of $145.45 but was resisted. The bears made a downward correction and broke the 12-day EMA. The bulls was trending on the 26-day EMA as a support level to commence a bullish trend.

On the upside, if the bulls break the $146 resistance level and the price sustains above it, the crypto will reach the previous high of $170. On the downside, if the bulls fail to sustain a price above the $146 price level, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The crypto’s price reached a high of $145 but the bulls fail to sustain the price above the EMAs . The crypto’s price is retracing from a high of $145.

Today, the bulls are making another bullish movement to revisit the previous high. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: Mar 16, 2019

  • As the ETH price is rising, the first hurdle is to break the $140 resistance level.
  • On the upside, more buyers are needed at the upper price level to break the $160 resistance level.

ETH/USD Long-term Trend: Ranging

  • Resistance Levels: $350, $370, $390
  • Support Levels: $140, $120, $100

The ETH/USD pair had been in a range bound movement in the month of March. On February 24, the bears broke below the EMAs and this resulted in the range bound movement. The ETH price had been ranging above the $130 price level since the beginning of March. The crypto’s price is above the EMAs which indicate that price is expected to rise. As the ETH price is rising, the first hurdle is to break the $140 resistance level.

On the upside, more buyers are needed at the upper price level to break the $160 resistance level. On the other hand, if the bulls fail to break the resistance levels, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 15, 2019

  • The ETH price is trading at $135.83 as at the time of writing.
  • Today, the bulls have broken the EMAs as the crypto’s price reached the high of $136.19 but the bears made a downward correction.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 14, the price of Ethereum was in a bearish trend. Yesterday, a bearish trend line was drawn to determine the duration of the bearish trend. The assumption of the trend line tool is that if price breaks above the trend line and the following candlestick closes on the opposite of it; then we can assume that the current trend has been terminated.

From the chart, a bullish candlestick has broken the trend line and another closes above it. The price of Ethereum is in a bullish trend and the crypto’s price is likely to revisit the high of $140 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is above the EMAs which indicate that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price was in a sideways trend zone. Yesterday, the crypto’s price was ranging below and above the 12-day EMA and the 26-day EMA. Today, the bulls have broken the EMAs as the crypto’s price reached the high of $132.73 but the bears made a downward correction.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 14, 2019

  • The crypto’s price may fall to the previous low at $127.50.
  • The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 13, the price of Ethereum was in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. A trend line has been drawn to determine the duration of the bearish trend. The assumption is that if price breaks above the trend line and the following candlestick closes on the opposite of it; then it is assumed technically, that the current has been terminated.

Presently, the bearish trend is ongoing and  prices are below the EMAs and the trend line. The crypto’s price may fall to the previous low at $127.50. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. Yesterday, the bulls attempted to break above the 12-day EMA and the 26-day EMA but were resisted and the price fell below the EMAs. Today, the bulls made a similar attempt but the price made a downward correction. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 13, 2019

  • Yesterday, the ETH price was trading at a low of $132.60 after falling from the $140 resistance level.
  • On the downside, if the bearish trend continues, the crypto’s price will fall to the previous low of $ 127.50.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 12, the price of Ethereum was in a bearish trend. Yesterday, the ETH price was trading at a low of $132.60 after falling from the $140 resistance level. Yesterday, the bulls made a bullish movement but were resisted by the 12-day EMA and the 26-day EMA. The price of Ethereum is below the EMAs which indicate that the crypto’s price is likely to fall.

On the downside, if the bearish trend continues, the crypto’s price will fall to the previous low of $ 127.50. On the other hand, if the bulls break above the EMAs the crypto’s price will rise to revisit the previous highs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The ETH price fell to a low of $135.05 and commenced a range bound movement. The 12-day EMA and the 26-day EMA are trending horizontally that price is in a range bound movement. However, if the price falls below the EMAs, the crypto’s price will continue its downtrend.

On the other hand, if the price breaks above the EMAs, the ETH price will resume its bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 11, 2019

  • Today, the ETH price is ranging below the EMAs but above the $137 price level.
  • On the downside, if the bearish trend continues, the crypto’s price will fall to the previous low at $125.

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Last week, the price of Ethereum was in a bullish trend. The Ethereum price was trading above the $140 price level but was facing resistance at the $142 price level. It was assumed last week that if the bulls failed to break above the $142 resistance level, the crypto’s price would fall. The bulls tested the resistance level on three occasions and were resisted. On March 10, the bears broke the 12-day EMA and the 26-day EMA as the crypto’s price fell to the low of $137.63.

Today, the ETH price is ranging below the EMAs above the $137 price level. On the downside, if the bearish trend continues, the crypto’s price will fall to the previous low at $125. On the other hand, if the bulls break above the EMAs and the price is sustained, the crypto’s price will rise to revisit the previous highs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend zone. On March 10, the crypto’s price fell to the bearish trend and commenced a range bound movement. The bulls  broke above the EMAs and continue its range bound movement.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: Mar 9, 2019

  • In the last four days, the bulls failed to break the $140 resistance level .
  • On the upside, the ETH price will rise if the bulls sustain a price above the EMAs.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $140, $120, $100

The ETH/USD pair had been in a bullish trend in the last five days. On March 5, the bulls break above the 12-day EMA, the 26-day EMA and it reached a high of $140 price level. In the last four days, the bulls failed to break the $140 resistance level . The crypto’s price on the other hand is making a downward correction. On the upside, the ETH price will rise if the bulls sustain a price above the EMAs. The price of Ethereum is expected to rise to retest the $160 resistance level. The $160 resistance level has remained unbroken since January 2.

On the downside, if the bears break below the EMAs during the downward correction, the crypto’s price will be in the bearish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

Author: Azeez M


Ethereum (ETH) Daily Price Forecast: March 8, 2019

  • The crypto’s price was trading at a price of $141.91 but was facing resistance at the $142 price level.
  • On the downside, if the bulls fail to break the $142 resistance level, the crypto’s price will fall.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 7, the price of Ethereum was in a bullish trend. The crypto’s price has been ranging above the 12-day EMA and the 26-day EMA in the last three days. The crypto’s price was trading at a price of $141.91 but was facing resistance at the $142 price level. On the downside, if the bulls fail to break the $142 resistance level, the crypto’s price will fall.

On the upside, if the crypto’s price is sustained above the EMAs, the bulls will break the $142 resistance level. The ETH price will further rise to reach the previous high of $170 price level.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The bears have broken below the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The ETH price will depreciate further to a low of $130 if the bearish trend continues.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Ethereum (ETH) Daily Price Forecast: March 7, 2019

  • The crypto’ s price is likely to face resistance at the $141 price level.
  • On the upside, if the crypto’s price is sustained above the EMAs, the bulls will break the $141 and $160 resistance levels.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 6, the price of Ethereum was in a bullish trend. Yesterday, the bulls reached a high of $141 and made a downward correction. Today, the bulls are struggling to break above the $141 price level. The reason was that on February 24, the bears broke the support level at $140.

This support level has turned to a resistance level for the price of Ethereum. Yesterday, it was assumed that the crypto’s price is expected at the $170 price level. On the upside, if the crypto’s price is sustained above the EMAs, the bulls will break the $141 and $160 resistance levels.The ETH price will reach the previous high of $170. On the downside, if the bulls failed to break the resistance levels, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is above the EMAs which indicate that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The crypto’s price is trending above the 12-day EMA. Yesterday, the bearish candlestick broke below the 12-day EMA. Today, the bullish candlesticks are above the 12-day EMA.

The crypto’ s price is likely to face resistance at the $141 price level. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Ethereum (ETH) Technical Analysis: March 6, 2019

Latest Ethereum News

Good news is, the wait is over. Admittedly, there were some full node operators who didn’t take the last attempt nicely. In fact, there was a brief period of time when Ethereum did fork thanks mostly to Ethereum Foundation’s failure to timely disseminate information of the upgrade’s postponement. That was roughly a month back.

Read: Ethereum Developer Proposes New EIP-1559 To Slash Gas Fees Down 90%

It has been more than a week since the second leg of the Metropolis went live and the process—of which we must laud their team for their expertise and professionalism—executed seamlessly as tidbits in all EIPs were agreed on and ironed out before Feb 28 activation.

Everything else constant, it was a necessary step and although it took a lot of time and deliberation, Ethereum as a smart contracting platform is edging closer to efficiency, speed and efficacy promised in Ethereum 2.0. In the meantime, it’s going to be a delicate balancing act.

Developers did agree to slash rewards from three ETHs to two ETHs in a step to reduce mining demands. So as to incentivize miners needed to secure and confirm transactions, the difficulty bomb was once again postponed by another year.

Also Read: Ethereum Crypto Wallet Argent Is Ready To Launch Its Product After $4 Million Investment

However, the inclusion of CREATE 2.0, a proposal by Vitalik is ruffling as developers are concerned that interaction with external smart contracts would open up attack vectors on the blockchain—an undesirable prospect.

ETH/USD Price Analysis

At the time of press, ETH bulls are raving and up 7.7 percent in the last day. If anything, this is super bullish and as prices bounce off key support level at $135, our previous assertions are now valid and live. Like before, every low should technically be a buying opportunity and although prices temporarily dipped below Feb 18 lows, our buy triggers were set at $135—highly dependent on pullbacks.

Thanks to yesterday’s upswings, our trade plan is valid and risk-off long positions are active. Modest targets are at $170 and as long as prices trend above Feb 18 high low, odds are bulls will build momentum, expand above $170 and later print $250.

We cannot discount anything from happening and considering the significance of $170—Dec 2018 highs and previous supports now resistance level, satisfactory, high volume close above this mark could usher in renewed demand not only driving prices towards $250 but automatically canceling bears of mid-Nov 2018.

Note that ETH is technically bearish—from a top-down approach, and if prices find liquidation at $170 then it is likely that ETH will slump in a classic breakout pattern. Subsequent losses could drive prices towards $100 and even $70 literally crashing optimism of any recovery this year.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: March 6, 2019

  • The ETH price is now trading and has reached a high of $140.
  • The crypto's price is expected at the $170 price level if the bulls sustain a price above the 12-day EMA and the 26-day EMA.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, March 5, the price of Ethereum was in a sideways trend. The ETH price was ranging above the $128 price level while in the bearish trend zone. However, the bulls broke out of the range-bound movement to the bullish trend zone. The ETH price has reached a high of $140. The crypto's price is expected at the $170 price level if the bulls sustain a price above the 12-day EMA and the 26-day EMA.

On the downside, the crypto's price is retracing after testing the $142.70 price level. If the retracement breaks below the EMAs, the crypto price will fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is above the EMAs which indicate that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. Yesterday, the bulls take control of price after the range bound movement. The bulls broke above the EMAs and reached a high of $137.79. Later, the price was fluctuating above the 12-day EMA.

The ETH price is expected to rise but will face resistance at the $170 price level. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Ethereum (ETH) Daily Price Forecast: March 4, 2019

  • On the upside, if the bulls fail to break above the EMAs, the crypto's price will continue its range bound movement.
  • On the downside, if the bears break below the $130 price level, the crypto's price will fall to the lows of $110 and $120.

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Last week the price of Ethereum was in a sideways trend. The bulls failed to break above the 12-day EMA and the 26-day EMA as the crypto was range-bound below the EMAs. The crypto's price was fluctuating below the EMAs and above $138 price level. On March 3, the crypto's price fell to the low of $134 and commenced and commenced a range bound movement.

On the downside, if the bears break below the $130 price level, the crypto's price will fall to the lows of $110 and $120. On the upside, if the bulls fail to break above the EMAs, the crypto's price will continue its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a sideways trend zone. On March 3, the bulls break above the 12-day EMA, the 26-day EMA and reached the $137.63 price level. The bulls failed to hold on to price above the EMAs as the bears made a downward correction.

The bears' price fell and broke below the EMAs to reach the previous low of $134 price level. The price is below the EMAs which indicates price is likely to fall. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Ethereum (ETH) Long-Term Price Forecast: Mar 2, 2019

  • The crypto appreciated by 27% of its capitalization in the month of February.
  • The Price of Ethereum faces resistance at the $160 price level.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $140, $120, $100

The ETH/USD pair was in a bullish trend zone in the month of February. On February 1, the crypto has an opening balance of $108.61. On February 28, the ETH price closed trading at a price of $138.17. The crypto appreciated by 27% of its capitalization in the month of  February. On February 8, the bulls broke above the EMAs to the bullish trend zone. The ETH price rose to a high of $163.78. However, the price of Ethereum faces resistance at the $160 price level. On February 24, the crypto’s price made a downward correction as the price fell to the low of $135.20.

The bulls made a pulled back as the crypto now ranges above the $138 price level. Today, ETH price is trading at $139.83 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Ethereum (ETH) Daily Price Forecast: March 1, 2019

  • The crypto’s price is trading below the EMAs which indicate that it will eventually fall.
  • On March 1, the ETH price has remained above the $138 price level in its range bound movement.

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, February 28, the price of Ethereum was in a sideways trend. On March 1, the ETH price has remained above the $138 price level in its range bound movement. The 12-day EMA is resisting all price movement. The price movement is also characterized by small body candlesticks like the Dojis and the Spinning tops describing the indecision of buyers and sellers at the $138 price levels.

The crypto’s price is trading below the EMAs which indicate that it will eventually fall. On the upside, if the bulls break above the EMAs, the crypto will resume its uptrend. This will invalidate my previous analysis on price fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating that ETH price is in a range bound movement. Yesterday, the ETH price was above the EMAs but today it is trending below the EMAs indicating that price is likely to fall. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Daily Price Forecast: February 28, 2019

  • The ETH price is ranging below and above the $138 price level.
  • If the bears break below the $130, the crypto will fall and find support above the $120 price level

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, February 27, the price of Ethereum was in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is in a sideways trend. Yesterday, the bulls broke the 12-day EMA but were repelled by the 26-day EMA as the crypto continues its range bound movement.

The ETH price is ranging below and above the $138 price level. The bulls are attempting to break above the 12-day EMA. There is the likelihood of price breakout if the crypto’s price continues its range bound movement. Also, note that the crypto’s price is below the EMAs, which indicates that price is likely to fall. If the bears break below the $130, the crypto will fall and find support above the $120 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend zone. On February 27, the crypto’s price was fluctuating below and above the EMAs as the bears broke below to the low of $132. The bulls immediately took price above the EMAs.

The crypto’s price is above the EMAs ranging above the $138 price level. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Technical Analysis: February 27, 2019

Latest Ethereum News

Perhaps preventing broad based adoption is the digital nature of cryptocurrencies and similar digital assets that facilitate transactions within a specific ecosystem. While digital assets promise to be a game changer, causing a paradigm shift in the world of finance and application development, we must admit that not every John and Jerry have even the remotest of an idea of how they operate.

Read: New AML Protocols Amendments in Russia Lists Illicit Use of Cryptocurrency as a Criminal Offense

When we include talks of control, private keys and public addresses, it’s going to be a quick curtain down for those who are used to the simplicity of fiat. The digital nature of crypto has been made worse by hacks and loss of private keys, a source of pain especially when one had invested their life savings.

QuadrigaCX was one such case but it was Cryptopia that opened the hacking doors of 2019 when it was reported that $16 million worth of ETH and ERC20 tokens were stolen forcing the exchange to shut down.

Also Read: QuadrigaCX CEO Widow Denies Allegations on Hiding Crypto Assets from Creditors as Plot Thickens

Even so, the exchange’s team argues that 9.4 percent of their total holdings were snatched as hackers couldn’t access their cold wallets—which is good news if that is the case. The hard wallet is estimated to hold around $100 million of investor funds and the 9.4 percent figure seems to tally with loss estimates placed at around $16 million.

ETH/USD Price Analysis

Ethereum ETH

Hack and similar quandary can send a chill down investor spines as lost funds are in most cases irrecoverable—unless there is a civil rehabilitation suite like that in progress compensating Mt Gox victims.

Regardless, what can cause a panic is a sharp and unexpected sell off like those of Feb 24. Then, prices dropped in the excess of 10 percent and what we now have is a clear double bar bear reversal pattern complete with high market participation levels.

As unexpected as it is, it may also hint of underlying ETH weakness and a possible meltdown back to $70 as sellers of Nov 2018 flow back in the third stage of a classic bear breakout pattern. Of course, it is unwanted but, we cannot discount it from happening since price action is trading within a bear breakout pattern with clear resistance at $170 from a top-down approach.

Note that despite prices trending above $135 validating long positions set in motion by Feb 17-18 bulls, the failure of buyers to stir enough momentum and rally above $170 as bears of Nov 2018 are invalidated is negative for bulls. It’s only after this trade condition has been met is when risk-averse, conservative traders can buy on dips with first targets at $250 and later $300. All the same, risk-off traders can accumulate at current prices with first targets at $170. Drops below Feb 17 lows cancels this short-term bullish outlook.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: February 27, 2019

  • The ETH price is still continuing its range bound movement at the $139.55 price level.
  • If the bears break below the previous low, the crypto will fall and find support above the $120 price level.

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, February 26, the price of Ethereum was in a sideways trend. The crypto’s price made earlier attempts to break the 12-day EMA and the 26-day EMA. Today, the crypto price is now in a downward fall and may reach the previous low of $135.20.

If the bears break below the previous low, the crypto will fall and find support above the $120 price level. On the upside, if the bulls break the EMAs, the crypto will be in the bullish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend zone. The ETH price is still in a range-bound movement below the 12-day EMA and the 26-day EMA. The 12-day EMA has been resisting all the price movement.

Today, the bulls are making another attempt to break the EMAs and reach the bullish trend zone. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Ethereum (ETH) Daily Price Forecast: February 26, 2019

  • On the upside, if the ETH price has a price breakout, the bulls will break above the EMAs and price will be in the bullish trend zone.
  • On the downside,if ETH price has a price breakdown, the crypto’s price will fall to the lows above $100 or above the $120 price levels.

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, February 25, the price of Ethereum was in a sideways trend. The crypto’s price fell to the low of $135.20 and commenced a range bound movement. Today, the crypto‘s price is still in a range bound movement. The ETH price is trading at $141.24 as at the time of writing. If the crypto’s price continues to range, then the price is heading for a price breakout or a price breakdown.

If ETH price has a price breakdown, the crypto’s price will fall to the lows above $100 or above the $120 price levels. On the upside, if the ETH price has a price breakout, the bulls will  break above the EMAs and price will be in the bullish trend. Traders should seize the opportunity to initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend zone. The ETH price is still in a range-bound movement below the 12-day EMA and the 26-day EMA. Yesterday, the bulls attempted to break above the EMAs but were resisted; as the price fell to the bearish trend zone.

Today, the range bound movement is continuing. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Daily Price Forecast: February 25, 2019

  • On February 16, the ETH price traded at a low of $124.89 but rose to a high of $170.
  • If the bears break below the $140 price level, the crypto’s price is likely to fall to the low of $124.68.

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Last week the price of Ethereum was in a bullish trend. It was traded at a low of $124.89 but rose to a high of $170. The crypto’s price was resisted at the $168.27 price level and it fell and broke the 12-day EMA and the 26-day EMA. The ETH price fell to the low of $142.06 and commenced a range bound movement above that level.

The ETH price is likely to continue its fall as the price is below the EMAs. If the bears break below the $140 price level, the crypto’s price is likely to fall to the low of $124.68. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The ETH price reached a high of $168 but was resisted at the price of $170. The bears broke below the EMAs as the crypto’s price reached a low of $140.90.

The price of Ethereum is now ranging above the $140 price level. Price is likely to fall after the range bound movement. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Long-Term Price Forecast: Feb 23, 2019

  • The ETH price faces resistance at the price of $150 price level.
  • The price of Ethereum reached a high of $152 but closed at a price of $148.87.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $140, $120, $100

The ETH/USD pair is in a bullish trend zone in the month of February. On February 1, the crypto has an opening balance of $108.61. On February 8, the bulls broke the 12-day EMA and the 26-day EMA as the price reached the high of $124.88 but closed at $121.21. At the close of $151, the crypto commenced a range bound movement. On February 17, the bulls had another price breakout as the price reached a high of $152 but closed at $148.87. The price of Ethereum is now in a range bound movement as the crypto face another resistance at $150 price level.

On the upside, the crypto’s price will rise if more buyers are introduced at the $150 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Ethereum (ETH) Daily Price Forecast: February 22, 2019

  • The crypto's price makes another attempt to tests the $150 resistance level.
  • The ETH price is expected to reach the previous high of $160 price level.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, February 21, the price of Ethereum was in a sideways trend. It was ranging above the 12-day EMA but now above the 26-day EMA. Yesterday, the crypto’s price tested the $150 resistance level and price fell below the 12-day EMA. The ETH price is above the EMAs which indicates that price is likely to rise again. The bulls are making another attempt to tests the $150 resistance level.

On the upside, the crypto’s price will rise if crypto’s price is sustained above the EMAs while the bulls break the $150 price level. The ETH price is expected to reach the previous high of $160 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bearish trend zone. Yesterday, the price of Ethereum was in the bearish trend zone because the crypto fell as a result of the resistance at $150 price level. Today, the ETH price is back to the bullish trend zone.

The bears were still defending the $150 price level as the crypto’s price rose above the EMAs.
Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is above the EMAs which indicate that price is likely to rise.


Ethereum (ETH) Daily Price Forecast: February 21, 2019

  • The bears are still defending the $150 price level as the ETH price ranges below the resistance level.
  • The crypto’s price will rise if the crypto’s price is sustained above the EMAs while the bulls break the $150 price level.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, February 20, the price of Ethereum was in a bullish trend. On February 19, the bulls reached a high of $151.53 and the bears made a downward correction as the price fell to the low of $145.49. This downward correction fell to the support of the 12-day EMA. The bulls made another bullish movement to the recent high of $150 price level.

Today, the bulls are being resisted as it faces the recent high. Price of Ethereum is facing resistance at the $150 price level. On the upside, the crypto’s price will rise if the crypto’s price is sustained above the EMAs while the bulls break the $150 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend zone. On February 19, the bears broke below the 12-day EMA and the 26-day EMA as the price fell to the low of $144.95. The following day the bulls break above the EMAs and continue trending above it.

The bears are still defending the $150 price level as the crypto’s price ranges below the resistance level. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is likely to rise.


Ethereum (ETH) Daily Price Forecast: February 20, 2019

  • The ETH price is trading at the $145.76 as at the time of writing.
  • If the bears break below the $140 price level, the crypto will resume its downtrend.

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $140, $130, $120

Yesterday, February 19, the price of Ethereum was in a bullish trend. The crypto’s price was trading at $151.68 when the crypto was resisted. The crypto was resisted at the $150 price level and the price fell to the support of the 12-day EMA. The bullish trend has been terminated but the ETH price is trading at  $145.76 as at the time of writing.

On the upside, the crypto’s price will rise if crypto’s price is sustained above the EMAs while the bulls break the $150 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The previous bullish trend has been terminated as price made a downward fall. The ETH price has fallen to the support of the $140 price level and the bulls are expected to defend the support level.

On the downside, if the bears break the $140 price level, the crypto will further depreciate.
Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is likely to fall.


Ethereum (ETH) Technical Analysis: February 19, 2019

Latest Ethereum News

Transactional volumes are up and so is demand for ETH. But it appears as if it is not localized to Ethereum (ETH) alone. Almost all smart contracting and token issuing platforms are up but it is ETH that has cemented its position as the second most valuable coin in the space.

Read: Singapore’s ABCC Exchange Acquired Collectively by Investors, Plans to Make World-Leading Platform

Up 22.2 percent in the last week, bulls are vibrant and some are speculating that this excitement is around Constantinople activation. Trackers put the final implementation in roughly ten days and in a two-stage software upgrade, the Metropolis will be complete as the path towards Casper and Serenity is set rolling.

Hopefully, Constantinople will be a success and despite dump downs that usually follow hard forks, a smooth transition will see two EIPs go live. Petersberg will make amends, riding the buggy EIP 1283 and sealing off the possibility of re-entrance attack but what is important is the postponement of difficulty adjustment for another 12 months. Once this goes live, it will set in a mini-ice age as Ethereum work towards transiting from a proof of work system to a proof of stake algorithm.

Also Read: Crypto Expert Claims Short-Term Bear Market Calls for a “Melt Your Face Off” Rally, $750,000 Price Pump

At the same time, Thomas Chippas, the head of ErisX, is reviving talks of a possible Ethereum Futures. By filling a letter with the US CFTC, Thomas argues that Ethereum is an extension of Bitcoin functionality and approval of a regulated investment vehicle will help promote innovation while strengthening the derivative market.

ETH/USD Price Analysis

Ethereum

Clearly, our ETH/USD trade conditions are now live and with prices rallying past our minor resistance level and buy trigger line at $135, risk-off traders are deep in the green. Combined with supportive fundamentals as well as favorable candlestick arrangements, bulls of mid-Dec 2018 and early Jan 2019 are back.

Notice that aside from increasing market participation levels and swelling demand, prices are springing off the 61.8 percent and 78.6 percent support zone. When we refer to historical price movements, it is likely that ETH will rally towards the first major resistance at $170 and that means conservative traders with positions at $150 are likely to get in at fair prices.

It is after ETH bulls drive above $170–all of which are important resistance levels especially when we factor in bear breakouts of mid-Nov is when traders can project first targets at $250 and even $300. On the flip side, if there is liquidation at $170, it is likely that ETH prices will dip back to $150 and even $100 as sellers of Nov 2018 flow back in a bear trend resumption phase.

All Charts Courtesy of Trading View–BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: February 19, 2019

  • The Bullish trend of the price of Ethereum is ongoing.
  • The ETH price is approaching the $150 price level but may face resistance at the $160 price level.

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 18, the price of Ethereum was in a bullish trend. The crypto's price is making a series of higher highs and higher lows. Yesterday the bulls broke the $140 resistance level as the crypto targets the previous high of $160 price level. The current bullish trend is ongoing as price approaches the $150 price level.

A bullish trend is said to be terminated if the trend line is broken and the following candlestick closed on the opposite of it. Traders ought to have initiated long trades above the $120 price level in an anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The ETH price is in a smooth uptrend as price makes a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA were trending northward. A bearish candlestick is retracing from the recent high and has found support at the 12-day EMA.

However, another bullish candlestick has commenced a bullish movement at the support of the 12-day EMA. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is likely to rise.


Ethereum (ETH) Daily Price Forecast: February 18, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Last week the price of Ethereum had been in a sideways trend. The crypto's price had been ranging above the $120 price level in the past one week. The 12-day EMA and the 26-day EMA are trending horizontally indicating the sideways trend. The crypto's price is trending above the EMAs which indicates that price is likely to rise.

On February 17, the ETH price reached and tested the $140 price but the price closed at $129.38. The $140 resistance level was the previous support level of December 30, 2018. The $140 support level was broken by the bears on January 10 which is now a resistance level. On the upside, the crypto's price is likely to rise if the price is sustained above the EMAs, and the bulls break the resistance levels of $130 and $140. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The ETH price is fluctuating above and below the 12-day EMA and the 26-day EMA. The crypto's price is characterized by small body candlesticks which described the indecision of buyers and sellers at the $120 price level.

The ETH price is likely to rise if we have more buyers above the $120 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicates that price is likely to rise.


Ethereum (ETH) Long-Term Price Forecast: Feb 16, 2019

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $120, $100, $80

The ETH/USD pair was trading in a bearish trend zone in the month of January. The crypto’s price fell from a high of $136 to a low of $108.49. The bears broke the support level of $130 and price continued its fall to the low of $108. In the month of February, the bulls have taken control.

On February 8, the bulls broke the 12-day EMA and the 26-day EMA as the price reached the high of $127.37. The crypto’s price is expected to rise as the price is in the bullish trend zone. On February 13, the ETH price was resisted at a price of $130.46. The crypto’s price retraced and commenced a range bound movement.

The crypto’s price is expected to rise as the price is in the bullish trend zone. The crypto is expected to reach a high of $160 if the bulls break the resistance at $130. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Ethereum (ETH) Price Watch: February 15, 2019

Many of our readers may remember that prior to Ethereum’s previous Constantinople hard-fork, developers discovered a network code vulnerability which caused a delay in the currency's upgradation process.

Not only that, the snag also cost the premier crypto-asset greatly— since its value took a severe beating as soon as the news was made public.

A Closer Look at The Matter

As we once again approach the new date for ETH’s hard-fork, the currency is “holding steady” — despite most other crypto assets losing a lot of value.

It is estimated that the above stated upgrade will take place on the 27th of February. In this regard, Hudson Jameson of the Ethereum Foundation was recently quoted as saying:

“I suspect it will go as planned. The block number has been set and [the upgrade] is hard coded in the clients now so it’s going along fine,”

After talking about the difficulties faced by his team during the last update, Jameson added that this time around, they had made sure that none of the previously encountered glitches would affect the network upgrade process.

For starters, the team has already implemented a variety of test-networks (including Ropsten) within the ecosystem. Not only that, a new hard fork called Petersberg has also been readied for deployment on the currency’s mainnet later this month.

On the subject, ChainSecurity COO Matthias Egli went on record to state:

“For all practical means for any developer out there on the mainnet, there will not have been Constantinople really, just Petersberg … Technically in the code, you have two conditions. One says Constantinople gets active at block number [7,280,000] and at the same block number Petersberg gets activated, which takes precedence over Constantinople and immediate supersedes it.”

Other Key Data Worth Bearing in Mind

More often than not, when a digital currency undergoes a major network upgrade, it experiences a lot of bullish momentum.

Using this reasoning, Alex Krüger too believes that this upcoming Ether hard-fork could be good for the currency’s long-term

As things stand, Ethereum is outperforming most of the other top-10 altcoins in the market. To be even more specific, it is the only crypto asset currently in the green with its market cap once again ahead of its closest rival XRP.

Final Take

Over the course of the past week or so, Ether has been able to garner immense financial traction and has gained nearly 20% value. This is in stark contrast to the time when the premier altcoin’s Constantinople hard-fork was delayed— causing the currency to drop by 7% within a span of just 24 hours.

Author: Shiraz J


Ethereum (ETH) Daily Price Forecast: February 15, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 14, the price of Ethereum had been consistent in its sideways trend. The crypto’s price had been ranging above the 12-day EMA and the 26-day EMA for about a week. The ETH price bars are now ranging above the 26-day EMA. On the downside, if the bears break below the 26-day EMA, the crypto will fall below the EMAs signaling the resumption of a downward trend.

On the upside, if the bulls commence its bullish movement and break the resistance level at $130, the crypto will reach a high of $160. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend zone. The crypto’s price is fluctuating above and below the 12-day EMA and the 26-day EMA. The crypto’s price is currently in the bullish trend zone.

The bulls have made attempt to break above the EMAs. This has been the scenario as the price fluctuates above the EMAs. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is above the EMAs which indicates that price is likely to rise.


Ethereum (ETH) Daily Price Forecast: February 14, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 13, the price of Ethereum had been consistent in its sideways trend. The cryptocurrency had been ranging above the $120 price level. The crypto’s price bars were trending above the 12-day EMA. The ETH price is expected to rise but faces resistance at the $130 price level.

On the upside, if the bulls had broken the $130 price level, the crypto’s would have reached the $160 price level. The crypto’s price had been ranging below the $130 resistance level. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend zone. On February 13, the crypto’s price had earlier fallen to the low of $122.91 and then commenced a bullish movement above the 12-day EMA and the 26-day EMA. The bulls broke the EMAs and reached a high of $126.35.

The crypto’s price is now facing resistance at the $130 price level. The crypto’s price can only go farther if the resistance is broken. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicates that price is likely to rise.


Ethereum (ETH) Daily Price Forecast: February 13, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 12, the price of Ethereum was in a sideways trend zone. This is the fifth day the cryptocurrency had been ranging above the $120 price level. The ETH price has retraced to the support of the 12-day EMA. The small body candlesticks  are on the 12-day EMA preparatory to a price breakout.

On the upside, the crypto’s price is rising and if the bulls break the $130 price level, the ETH price is expected to reach a high of $160. On the other hand, if the bears break the EMAs, the crypto will be in the bearish trend zone. Then the tendency for it to fall will be there . Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. Yesterday, the 12-day EMA and the 26-day EMA were trending horizontally. The crypto’s price was fluctuating below and above the EMAs. Today, the ETH price fell to a low of $121.13 and commenced a bullish movement above the EMAs. The crypto is trading at $125.41 as the time of writing.

If the bullish trend is sustained above the EMAs, the crypto will revisit the levels of $130 and $160. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicates that price is likely to rise.


Ethereum (ETH) Technical Analysis: February 12, 2019

Latest Ethereum News

13 months after token prices slumped forcing many to bankruptcy, the US SEC appears to be laying down the much-needed ground rules needed to resuscitate an innovation that could shape project financing. Working via the principles of the blockchain, that is complete decentralization, initial coin offering cuts down bureaucracy while simultaneously exposing projects to millions if not billions of interesting projects who can invest in the project in exchange of a utility token.

Read: MyEtherWallet (MEW) Partners with Changelly to Add a Multi-Swap Functionality to its Platform

These new tokens, unlike shares and other representation of assets in traditional setups, issuers often claim are not a representative of the issuing company assets neither is it marketed with the expectation of profits. They do so with the objective of not contravening the US Supreme Court textbook definition of the asset’s classification as specified by the Howey Test.

Also Read: Securitize And Elevated Returns To Tokenize $1 Billion USD Of Real Estate On Tezos

But the US regulator is not buying this and, in an interview, William Hinman, head of the Division of Corporation Finance said the commission plans to publish a guide that developers and investors can refer to before they settle on what they want to issue or to buy—a security or a token. His comments collaborate those of Hester Peirce who despite being progressive and supportive of innovation sees fit that tokens that are issued via an established and working platform should be viewed as a utility token:

“A group of people get together to build something and they need to find investors to fund their efforts so they sell securities, sometimes called tokens. The SEC applies existing securities laws to these securities offerings, which means that they must be conducted in accordance with the securities laws or under an exemption. When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities.”

ETH/USD Price Analysis

On the chart, the path of least resistance has been defined. At the time of writing ETH is up 12.6 percent against the USD and a level higher in the weekly chart, there is a conspicuous double bar bull reversal pattern with a marked spike in market participation.

Even so, we shall not get ahead of ourselves because pumping prices are below average volumes—1.48 million against averages of 2.74 million, not even close to 5.7 million of Dec 30 or those of mid-Nov 2018—6 million.

As we can see, bulls have a long way to go and proof that indeed they are in control. Regardless, in the short term, ETH bulls are in charge. Before we ramp up longs, all we need to see is a high volume—exceeding that of Feb 8 at 520k and averages of 203k—bar complementing gains of Feb 8 closing above $135. It is from there that the first wave of bulls stands to propel prices towards $170 or Dec 2018 highs before it paces to $250.

All Charts Courtesy of Trading View–BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: February 12, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 11, the price of Ethereum was in a sideways trend zone. The crypto’s price is ranging above the $120 price level. The ETH price has retraced to the support of the 12-day EMA. The 12-day EMA provides support for the bullish trend. The bears are trying to break the 12-day EMA. On the downside, if the bears break the EMAs, the crypto will be in the bearish trend zone.

There is the likelihood that the price will fall. On the upside, if the bulls sustain a price above the EMAs the crypto’s price will rise. The ETH price is expected to reach a high of $160 but may face resistance at $128 price level. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend zone. The 12-day EMA and the 26-day EMA are trending horizontally. The crypto’s pric is fluctuating below and above the EMAs. A bullish candlestick is attempting to break the EMAs.

If the bulls break the EMAs to reach the bullish trend, the crypto’s price is likely to rise. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicates that price is likely to fall.


Ethereum (ETH) Daily Price Forecast: February 11, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Last week, the price of Ethereum was in a bearish trend zone. The crypto’s price was fluctuating between the levels of $104 and $114, but the bulls broke the EMAs and the $114 resistance level. The crypto’s price reached a high of $124.88 and commenced a range bound movement. On February 10, the crypto’s price retraced to the support of the 12-day EMA and commenced a bullish movement.

The price reached another high of $128.16 but it is currently retracing. The crypto’s price is likely to rise because it is above the EMAs. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. On February 8, the bulls broke the EMAs and the resistance level to reach the highs of $124.88 and $128.16. The crypto’s price is now ranging above the 12-day EMA.

The ETH price is likely to rise if the price is sustained above the EMAs and the bulls break the $130 price level. Price of Ethereum is trading at $122.87 and it is expected to reach a high of $150. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Ethereum (ETH) Long-Term Price Forecast: Feb 9, 2019

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $120, $100, $80

The ETH/USD pair had been in the bearish trend zone since January 10. The crypto fell to a low of $129.50 and commenced a downward trend. At another time the crypto's price fell to the low of $103.20 to commence a range bound movement. It was actually ranging between the levels of $103.20 and $114.33 before the price breakout.

On February 8, at the low of $105.78, the ETH price commenced a bullish movement. The bulls broke the 12-day EMA, the 26-day EMA, and the resistance level at $114 to reach the bullish trend zone. The ETH price is likely to rise because it is above the EMAs.

The ETH price is trading at $121.49 as at the time of writing. The crypto is expected to rise but will face resistance at the $165 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Ethereum (ETH) Daily Price Forecast: February 8, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 7, the price of Ethereum was in a bearish trend zone. Yesterday, the bulls attempted to break the 12-day EMA but failed to reach the bullish trend zone. The support level at $104 price level is holding by the bulls. Traders should initiate long trades at the $104 price level in anticipation of a bullish trend.

If the bulls break above the EMAs, the crypto will attempt to reach the previous high of $120. On the other hand, if the bulls fail to break the EMAs, the crypto will commence a range bound movement. Meanwhile, the ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bearish trend zone. On February 7, the crypto's price was above the 12-day EMA , the 26-day EMA and price reached a high of $107.5 . The bears broke the 12-day EMA, 26-day EMA and price fell below the EMAs.

The crypto's price is range bound below the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Ethereum (ETH) Daily Price Forecast: February 7, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 6, the price of Ethereum was in a bearish trend zone. Yesterday, the bears broke the 12-day EMA, 26-day EMA and price fell to the low of $104.36. The $104 price level was held by the bulls as it made a bullish movement to the EMAs. The bulls are attempting to break the 12-day EMA and the subsequent one. Traders should initiate long trade as the $104 price level is holding.

If the bulls break above the EMAs, the crypto will attempt to reach the previous high of $120. On the other hand, if the bulls fail to break the EMAs, the crypto will commence a range bound movement. Meanwhile, the ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bearish trend zone. On February 5, the bears broke the 12-day EMA, 26-day EMA and price fell to $104.19. The crypto made a range bound movement and later a bullish movement which led to the breaking of EMAs.

If crypto's price is sustained above the EMAs, the price of Ethereum will reach the highs of $108 and $120 price levels. Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Daily Price Forecast: February 6, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 5, the price of Ethereum was in a bearish trend zone. Since on February 3, the 12-day EMA and the 26-day EMA were in a horizontal pattern indicating that price was in a sideways trend. Yesterday as the crypto's price was ranging below the EMAs, a bullish candlestick broke the EMAs but was resisted by the 26-day EMA.

The crypto's price fell to a low of $103.78. The price has reached the critical support level. On the downside, if the bearish pressure continues the crypto will find support at $85 price level. On the other hand, if the level holds traders should initiate long trades at the support level. Meanwhile, the ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The 12-day EMA and the 26-day EMA are trending horizontally. On the other hand, the crypto's price is fluctuating below and above the $107 price level. Yesterday, the bulls broke the EMAs to the high of $109.03 and the crypto was resisted.

Price has fallen to the critical support level. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Technical Analysis: February 5, 2019

Latest Ethereum News

There is a storm brewing within the Ethereum community. Constantinople might have been a cause of discontent especially for miners who will see their earning per block reduced from 3ETHs to 2ETHs right in a middle of a steep bear run.

Read: Hacked Cryptopia Exchange Might Reopen in February According to New Zealand Police Reports

Bottoms are not yet visible and even at $100 a pop; it will be tough even for GPU miners to turn a profit. All the same, the end goal as far as Ethereum as a platform is concerned is to shift from Proof of Work –which has scaling limitations, to a Proof of Stake network that may still look out small fish allowing centralization, padding ground for a possible whale invasion.

Also Read: Proof Of Work Vs Proof Of Stake Review – What Is POW & POS Mining?

Before then, we miners will have to deal with a mini-ice age thanks to drying rigs as well as possible loss of investment thanks to Ethash upgrade to ProgPow. The latter is an improvement of Ethash and its implementation will see a phase-out, as the network reduces ASIC dependability in the process better distributing the network.

Also Read: SEC to Closely Monitor Risk and Analyze Blockchain Payment Transactions to Improve Compliance

Although the aim of ProgPow won’t be to make the network totally ASIC resistance, there will be some improvements increasing the efficiency of GPU miners through hardware changes and fine-tuning of chipsets while not gifting any advantage to any of the two largest GPU manufacturers in Nvidia or AMD.

ETH/USD Price Analysis

Back to price action and ETH sellers have their feet at the gas pedal. As far as ETH/USD is concerned, $100 is an important psychological level. Any meltdown that will see ETH prices trend below this mark could trigger panic, a rapid sell-off that may see ETH trend once again at the undesirable $70 mark. However, from the way candlesticks are arranged. That is unlikely.

All we need are a momentum build-up that drives ETH prices from current rates to first above $120 confirming the three-bar bullish reversal pattern of late last week from Jan 28-30 and later $135. It’s imperative that there are solid gains above $135 as it not only marks the lower limit of our minor resistance zone but the highs of the double bar bull reversal pattern of Jan 13-14.

In a typical correction, ETH prices did hit stops set at Jan 14 lows which coincidentally meshed with the Fibonacci 61.8 percent mark—a critical level. At current prices, ETH is trending in between the 61.8 percent and 78.6 percent mark. Although we are net bullish, correction rules have it that the best bulls can muster assuming there is a bounce off from this level is a retest of Dec 2018 highs at $170.

$170 as we can see is previous support and a breakout level. Bull momentum driving prices above this mark will cancel out the “retest phase” of a larger bear breakout pattern and welcome buyers aiming at $250 and later $300. We suggest patience until prices edge above $135 triggering the first wave of buyers aiming at $170.

All Charts Courtesy of Trading View–BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: February 5, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, February 4, the price of Ethereum was in a bearish trend zone. The crypto’s price made a bullish movement to the 12-day EMA and the 26-day EMA but was resisted. Today the ETH price is falling but the crypto is fluctuating above the $100 price level. Presently, the crypto’s price is in a tight range between the levels of $105 and $114.

On the downside, if the price falls to the support level of $105 and holds, traders should initiate long trades and exit near the resistance of $114. On the other hand, if price tests the resistance level and holds, traders should initiate short trades and exit near the support zone. Meanwhile, the ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bearish trend zone. Yesterday, the crypto’s price was at its low at a price of $107 and the bulls commenced a bullish movement where the EMAs were broken. Today, the bears have brought the price back to the bearish trend zone. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Daily Price Forecast: February 4, 2019

ETH/USD Medium-term Trend: Beaish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Last week the price of Ethereum was in a bearish trend zone. The crypto’s price fell to the low of $105. The support level at $105 had been holding since the previous week. The bulls broke above the EMAs twice on January 30 and February 3. On each occasion, the bears pulled back price below the EMAs. Today, the ETH price is trading below the EMAs which is likely to fall.

On the downside, the bears are not likely to break the support level. If the level holds, traders should initiate long trades in anticipation of a bullish trend. On the upside, if the bulls break above the EMAs and price is sustained above it; the crypto’s price is expected to rise. Meanwhile, the stochastic is out of the overbought region but below 40% range. This indicates that the ETH is in a bearish momentum and a sell signal. Also, the ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. Last week, the ETH price was ranging between the levels of $100 and $112. Today the crypto’s price is trading at $107 and the bulls made a bullish movement to the EMAs but were resisted.

At the support of $105, the crypto’s price is expected to have a price breakout or a price breakdown. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Long-Term Price Forecast: Feb 2, 2019

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $100, $80, $60

The ETH/USD pair is currently in a bearish trend zone. The ETH price has an opening balance of $136 and a closing balance of $108.49 as at January 31. The crypto has depreciated by 20% of its capitalization in the month of January 2019. On January 6, the bulls took price to the high of $165.86 but were resisted.

On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $129.50. The crypto has been under the bear control, as the price fell to the low of $109.14. The bulls have not been able to break above the EMAs. And the 12-day EMA acted as a resistance to the price of Ethereum.

On the upside, the bulls have to break above the EMA and the price sustained above it. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Ethereum (ETH) Daily Price Forecast: February 1, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 31, the price of Ethereum was in the bullish trend zone. Yesterday, the bulls reached the highs of $113.88 and were resisted. It was earlier suggested that the price of Ethereum may rise but may face resistance at the $120 price level. The bears have broken the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The ETH price is now trading at $105.05 in the bearish trend zone.

The $100 price level had been holding since January 15, 2019. On the downside, if the bears break the $100 price level, the crypto will find support at the $85 price level. On the upside, the bulls will  have to break above the EMAs for the crypto to resume its bullish trend. Meanwhile, the stochastic is out of the overbought region but below 40% range. This indicates that the ETH is in a bearish momentum and a sell signal. Also, the ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. Yesterday, the bears broke the EMAs to reach the bearish trend zone. Today the ETH price is falling and may break the $100 price level. If it does, Ethereum will sink to the lower price levels.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Daily Price Forecast: January 31, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 30, the price of Ethereum was in a bullish trend zone. On January 28, the ETH price fell to the low of $105.71 and began a range bound movement above the $100 price level. On January 30, the bulls break the 12-day EMA, the 26-day EMA and the crypto reached the bullish trend zone. Traders should initiate long trades in anticipation of a bullish trend.

The crypto is likely to rise but may face resistance at the $120 price level. Meanwhile, the stochastic is in the overbought region but above 80% range. This indicates that the ETH is in a strong bullish momentum and a buy signal. Also, the ETH price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. On January 30, the crypto’s price fell to the low of $105.71 and commenced a bullish movement. The bulls break the 12-day EMA, the 26-day EMA and the crypto remained above the EMAs.

The crypto’s price is trading at $112.82 but the bears pulled back price as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Ethereum (ETH) Daily Price Forecast: January 30, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 29, the price of Ethereum was in a bearish trend zone. The ETH price has been testing the $100 price level in the last two days. On January 28, the crypto fell to the $105.30 price level. On January 29, the ETH price fell to $104.88 and made a bullish movement to the EMAs. Each time the crypto falls to its low, it will be resisted by the 12-day EMA. On the downside, it was earlier suggested that if the $100 price level was broken the crypto would find support at the $85 price level.

On the upside, if the $100 price level is holding the traders should initiate long trades in anticipation of a bullish trend. If the bulls break above the EMAs and crypto’s price is sustained above it, the ETH price will resume its uptrend movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend zone. On January 29, the ETH price fell to $104.96 and made a bullish movement above the 12-day EMA and the 26-day EMA. Meanwhile, the stochastic indicator is out of the oversold region but above the 60% range. This indicates that Ethereum is in a bullish momentum  and a buy signal. Also, the crypto’s price is above  the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


Ethereum (ETH) Technical Analysis: January 29, 2019

Latest Ethereum News

Metropolis is Ethereum’s hard fork and while the community is split on what they really think of Serenity and proof of stake, the part towards that state-and away from proof of work—has been determined. Towards this path, the consensus is that a manual intervention must be reached.

Read: Bulgaria’s RGCoins Crypto Exchange Owner Gets Extracted to the US for ‘Organized Crime’

This will involve the activation of Constantinople whose main highlight is the difficulty bomb postponement and reduction of miner rewards from three to two. The event is known in the inner circles of Ethereum as “thirding” ushers in the ice-age where miners would have to contend with low rewards at the face of increasing production costs and scarce blocks. Note that in the bid to slash rewards, the network will have to adjust its difficulty delaying block time.

Reports indicate that the network is already experiencing what observers have termed as “mini-ice age”. From Etherscan, the number of ETH in circulation has reduced from 20k to roughly 15k. The reduction in total supply has also seen an increase in block-time from 15 seconds to 18 seconds.

Also Read: Tangem to Make the World’s First Blockchain Sovereign Currency Banknotes for the Marshall Islands

Whether this is in readiness for Feb 27 events isn’t yet clear but what we do know is that any postponement of Constantinople could lead to disgruntlement, subsequent loss of confidence and an inevitable drop forcing prices below $50 or worse.

Ethereum ETH/USD Price Analysis

In the charts, ETH is free falling. The third most valuable coin is down 2.4 percent at the time of writing and looks likely to re-test $100 in coming days. Definitely, this will be deflating for the community and it isn’t something we don’t want to see. All the same, our previous ETH/USD trade plan is no longer valid but we retain a bullish outlook for ETH in the short-term.

Part of this stems from the fact that $100 is a psychological round number which coincidentally flash with the 78.6 percent Fibonacci retracement level based off Dec 2018 high low. Now, we are banking on ETH prices to find support at this level and bounce off to new highs probably above $120 confirming the Morning Star reversal pattern of mid-Dec 2018.

However, if that isn’t the case and ETH melts below $100, then odds are asset prices will likely retest $100 in a trend resumption phase bringing to life losses of mid-November as bears resurface, stepping up gas for new lows below $70.

On the reverse side, bulls will have a chance especially if ETH find support today and a bull bar prints. Still, we shall adopt a neutral stand only recommending buys once there are significant, wide-range, high volume close above $135—or Jan 14 highs.

All Charts Courtesy of Trading View–BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: January 29, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 28, the price of Ethereum was in a bearish trend zone. The crypto’s price fell to the low of $105 and commenced a bullish movement. It was earlier suggested that if the bearish trend continued and the bulls broke the $100 price level, the price of Ethereum would find support at the $85 price level. Today, the $100 price level is holding and  ETH price  is in a bullish movement to the 12-day EMA and the 26-day EMA.

The ETH price is going to be resisted at the EMAs because the crypto’s price is below the EMAs. On the upside, if the bulls break above the EMAs and crypto’s price is sustained above it; then the ETH price will resume its uptrend movement. Meanwhile, the MACD line and the signal line are below the zero lone which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. On January 27, the bears broke the 12-day EMA and the 26-day EMA as the price fell to the low of $104.80.The crypto's price made a bullish movement and tested the 26-day EMA . The candlesticks are testing the EMAs and are being resisted by the moving averages.

Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Daily Price Forecast: January 28, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Last week the price of Ethereum was in a bearish trend zone. The bulls failed to break above the 12-day EMA and the 26-day EMA as the crypto traded below the $120 price level. The 12-day EMA and the 26-day EMA provides resistance to the crypto’s price. On January 26, the bulls reached the high of $122, but the bears pulled back price as the bears broke the EMAs to the low of $117.49.

Today, the crypto is in the bearish trend zone as the ETH continues its fall to the low of $109. On the downside, if the bearish trend continues, the crypto will find support at its previous low of $85. On the upside, the bulls have to break above the EMAs and the crypto’s price is sustained above it . Meanwhile, the MACD line and the signal line are below the zero lone which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The 12-day EMA and the 26-day EMA are pointing southward indicating that price is falling. The 12-day EMA provides resistance to the crypto’s price. On January 27, the bears were resisted by the 12-day EMA as the price fell to its current low at $109.42. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Jan 26, 2019

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $360, $370
  • Support Levels: $110, $100, $90

The ETH/USD pair is currently in the bearish trend zone. The ETH price has an opening balance of $136 in the month of January 2019. The crypto was in a bullish trend as it reached the high of $165.86. However, the ETH price fell because of the resistance at $162. On January 10, the bears completed the bearish movement as the 12-day EMA and the 26-day EMA were broken and the price fell to the low of $129.50.

On January 13, the crypto depreciated further to the low of $117.94. Today, the crypto is presently ranging below the EMAs. The crypto is currently trading at $117.41 as at the time of writing. On the downside, the crypto cannot rise above the $120 price level.  On the upside, the bulls have to break the EMAs and the price sustained to reach the highs of $130 and $160. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Ethereum (ETH) Daily Price Forecast: January 25, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 24, the price of Ethereum was in a bearish trend zone. On January 24, the bears were resisted by the 12-day EMA and price fell to the low of $116.79. In the same vein, the bulls made a bullish movement attempting to break the EMAs.

On the downside, if the bulls fail to break above the 12-day EMA and the 26-day EMA, the crypto will continue to trade below the $120 price level. On the upside, if the bulls break above the EMAs, the crypto is likely to reach the highs of $130 and $160. Meanwhile, the MACD line and the signal line are below the zero lone which indicates a sell signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The price of Ethereum is likely to rise because the crypto’s price is above the 12-day EMA and the 26-day EMA. The 12-day EMA provides support for the crypto.

However, the bulls have to break the $120 price level to enable it reach the highs of $130 and $160. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: January 24, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 23, the price of Ethereum was in a bearish trend zone. The ETH price was trading at the $120 price level while in the bearish trend zone. Today, the crypto’s price is falling because of the resistance by the EMAs, as the bulls made attempt to break above the EMAs.

On the upside, the bulls have to break above the EMAs and the price has to be sustained. If it does, the crypto will reach the highs of $130 and $150 price levels. Meanwhile, the MACD line and the signal line are below the zero lone which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The crypto’s price fell to the $118 price level and made a bullish movement. The price reached the 12-day EMA and was resisted again, the crypto is falling and may likely test the previous low of $116.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


Ethereum (ETH) Daily Price Forecast: January 23, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $110, $100, $90

Yesterday, January 22, the price of Ethereum was in a bearish trend zone. Although the crypto’s price is still in the bearish trend zone, the bulls have made concerted efforts to break the 12-day EMA and the 26-day EMA. Also, from the low of $116, the bulls were making frantic efforts to break above the $120 price level. Presently, the 26-day EMA was resisting the crypto’s price from breaking through.

Today, the crypto’s price is expected to break above the $120 price level. Meanwhile, the stochastic is in the overbought region but above the 80% range. This indicates that the price of Ethereum is in a bullish momentum and a buy signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a bullish trend zone. Yesterday, the bulls broke the 12-day EMA , the 26-day EMA and price reached the $120 price level. The crypto’s price is expected at the $130 price level.

Meanwhile, the stochastic is out of the overbought region but below the 40% range. This indicates that the price of Ethereum is in a bearish momentum and a sell signal. Meanwhile, the MACD line and the signal are below the zero line which indicates a sell signal.


Ethereum (ETH) Technical Analysis: January 22, 2019

Latest Ethereum News

Emin Gün Sirer, a Swiss Professor is coming hard down on Tron. And it’s solely because of Tron super ambitions of clipping Ethereum’s influence and describing itself as the largest blockchain based operating system in the world. But it is by defining itself as an operating system is what rubbed Sirer the wrong way.

Read: South Korea’s Coinnest Exchange Makes Costly Bitcoin Airdrop Error and Loses $5 Million USD

In a short but precise tweet, the professor said he has built operating systems—he is behind the SPIN kernel–and he is firm that Tron contravenes Blockchain rule #73 which he quotes saying “anything billed as a ‘blockchain operating system’ is an embarrassing mess”.

A simple Google search on blockchain Rule #73 yields no result meaning the rule is of his creation and a way of showing his disdain for the ninth largest cryptocurrency in the world and Ethereum’s competitor. It’s true, Tron and Justin Sun are tireless in the marketing and often times, and they are fond of discrediting rivals as EOS and Ethereum.

Also Read: New Research from South Korea Indicates Security Token Offerings (STOs) May Be the Future

This time though, Vitalik and Sirer joined forces to criticize Tron and in a Tweet, Vitalik was quick to say:

Ethereum (ETH/USD) Price Analysis

Although we are net bullish expecting events leading up to Web 2.0 or Constantinople upgrade to support prices, it is clear that buyers are facing a hard time against determined sellers. While we are safe at the moment mostly because of our inaction and failure to open long positions hours before Jan 16, the fact that bulls are yet to drive prices above $135 or Jan 14 highs mean sellers are in charge.

Notice that despite general optimism, prices did melt below $120 and we may see further drawdown more so if prices don’t recover and recoup losses of Jan 20 when ETH dropped sharply before recovering in the NY session.

The truth is, any bear close today confirms Jan 10 losses catalyzing sell-off in the third phase of a classic bear breakout pattern with a possible retest of Dec 2018 lows of $70. Anyhow, despite possibilities of price falls, we expect bulls to find support at $100 or the 78.6 percent Fibonacci retracement level. Should this level give in, then ETH would collapse towards $71 or lower as history has it that the trend continuation phase often blast below supports and print new lows.

All Charts Courtesy of Trading View – BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: January 22, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 21, the price of Ethereum was in a bearish trend zone. On January 10, the price of Ethereum fell to the $130 price level. On January 13, the crypto’s price further depreciated to the low of $116.79. Therefore the crypto’s price had been ranging between the levels of $116.79 and $130.

On January 20, the crypto’s price fell to the low of $118 and price is fluctuating below and above it. Today the crypto’s price is below the EMAs, therefore Ethereum is likely to fall. Meanwhile, the MACD line and the signal line are below the zero lone which indicates a sell signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend zone. On January 20, the crypto’s price fell to the low of $118.15 and commenced a range bound movement. The ETH price is below the 12-day EMA and the 26-day EMA which indicates that price may likely fall. On the other hand, if this level holds, traders should initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: January 21, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Last week the price of Ethereum was both in the bearish and bullish trend zone. On January 18, the ETH price was in the bearish trend zone as the bulls broke the 12-day EMA, the 26-day EMA and price reached the high of $136.32. On January 19, the crypto’s price made a price retracement but the bears broke the 12-day EMA, the 26-day EMA and price fell to the $118.94.

In the previous analysis, it was assumed that if the bears broke the $120 price level, the crypto would further depreciate. Today the crypto’s price is below the EMAs; therefore Ethereum is likely to fall. Meanwhile, the MACD line and the signal line are below the zero lone which indicates a sell signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in the bearish trend zone. On January 20, the bears broke the 12-day EMA, the 26-day EMA and price fell to $118.30. The crypto’s price is now in a range bound movement. Meanwhile, the crypto’s price is below the EMAs which indicate that  Ethereum is likely to fall. The MACD line and the crypto’s price are below the zero line which indicates a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Jan 19, 2019

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $120, $100, $80

The price of Ethereum is currently in the bearish trend zone. The ETHUSD pair is trading above the $120 price level in the bearish trend zone. The ETH price is now below the 12-day EMA and the 26-day EMA which indicates that the price is likely to fall. If the bears break the $120 price level, the crypto is likely to find support at the lows of $102 and the $110 price levels.

On the upside, the bulls are facing resistance at the $130 price level. If the bulls break the $130 price level, the crypto will reach the high of $160. Meanwhile, the stochastic is out of the oversold region but above the 60% range indicating that Ethereum is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: January 18, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 17, the price of Ethereum was in a bearish trend zone. The crypto had been in the bearish trend zone since January 15, 2019. Also, price of Ethereum had been fluctuating above the $120 price level since January 15, 2019.

On the downside, if the crypto’s price remains below the 12-day EMA and the 26-day EMA, the crypto’s price will fall or price will continue its range bound movement. On the upside, if the bulls break above the EMA, the crypto will reach the $130 price level. Meanwhile, the stochastic is out the oversold region but below the 80% range which indicates that Ethereum is in a bullish momentum and a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in the bullish trend zone. The bulls broke the 12-day EMA , the 26-day and reached the high of $127.32. The crypto’s price is retracing from the recent high to the EMAs. The Stochastic is in the oversold region but below the 20% range indicating that Ethereum is in a bearish momentum and a sell signal. The MACD line and the signal are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: January 17, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 16, the price of Ethereum was in a bearish trend zone. The crypto’s price is below the 12-day EMA and the 26-day EMA, which indicates that the ETH price is likely to fall. Presently, the crypto’s price is trading above the $120 price level.

It was earlier assumed that if the bears broke the $120 price level, the crypto would find support at the $102 and $110 price levels. Today the ETH price is ranging at the $124 price level. Meanwhile, the stochastic is out the overbought region but above the 25% range which indicates that Ethereum is in a bearish momentum and a sell signal. The MACD line and the crypto’s price is below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in the bearish trend zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating that Ethereum is in a sideways trend. Today, the bears broke below the 12-day EMA and it is  attempting to break above the EMAs.
The Stochastic is out of the overbought region but above the 25% range and it is in a horizontal pattern indicating that Ethereum is in a bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: January 16, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Yesterday, January 15, the price of Ethereum was in a bearish trend zone. The bulls had taken price to the $134.50 price level when the crypto faced resistance at the $133 price level. Today the bears have broken the 12-day EMA and the 26-day EMA and price has fallen to the $121 price level.

Since the crypto’s price is below the 12-day EMA and the 26-day EMA, the ETH price may likely fall. The crypto’s price is likely to revisit the previous low of $116.79. Meanwhile, the stochastic is out the overbought region but above the 20% range which indicates that Ethereum is in a bullish momentum and a buy signal. The MACD line and the signal is below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in the bearish trend zone. Yesterday, the crypto’s price fell to $118.19 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. The crypto’s price is below the EMAs, trading at  the $123.04 price level.

The price of Ethereum is expected to fall because it is in the bearish trend zone. The Stochastic is out of the oversold region but below the 80% range indicating that Ethereum is in a bullish momentum and a buy signal.


Ethereum (ETH) Technical Analysis: January 15, 2019

Latest Ethereum News

Luckily, open source projects are manned by the community. The community is made up of an army of loyalist, not motivated by financial gains but by passion. All they need is a platform to launch products for the benefit of the community. The end result is unparalleled vigilance. It’s this vigilance that a startup, Decenter, spotted Google’s attempt to block “Ethereum” search word from their advertisement.

Read: Japan’s Society is Taking Cryptocurrency Adoption Forward with Friendly Laws, Taxes and Shops

As one of the monopolists, a large chunk of their revenue is drawn from advertisement and therefore it was quite absurd why they appeared to be unofficially reinstating a ban on “Ethereum” keyword, a crypto platform they had excluded in their last public policy announcement. Online commentary was split with some against Google approach. A Reddit user, noob09 said:

“I have been unable to use the ‘bitcoin' (or even ‘blockchain') on my google ads as well. This is an outright ban on anything crypto related. I understand Google's motivation to curb scams but this is also hurting numerous legitimate startups in the space.”

While another countered saying:

“tons of scammers are creating fake advertisements that lead users to fake exchanges, wallet services, and phishing sites. There’re very good reasons to ban cryptocurrency advertisements because they are a magnet for fraud.”

Ethereum (ETH/USD) Price Analysis

The community has raved and a few hours to the much-awaited Constantinople, ETH is up 9.3 percent at the time of press. At this rate we expect ETH momentum to build up, reverse losses of Jan 9-13 and begin the process of recouping Nov 2018 losses.

Note that ETH is in consolidation and after peaking at $170 earlier this month, the decline from Dec 2018 highs may have confirmed the bear trend continuation pattern, the third phase of the bear breakout pattern of Nov 19 when prices broke down below $170.

Should bulls recover and thrust prices above $170, then the bear breakout pattern that exerted pressure on ETH in Q4 2018 could be nullified as bulls set their eyes on $250. Meanwhile, yesterday’s surge from the 50 percent Fibonacci retracement level could be the building block for further higher highs above $200 as Fibonacci retracement reversal pattern dictates.

Going forward, aggressive traders stand to profit if they buy at spot prices with fitting stops at $120—which coincidentally marks the base of the Dec-Jan Bull Flag. First targets will be at $250—or Oct 2018 highs.

Our Ethereum (ETH/USD) trade plan will, therefore, be as follows:

  • Buy: spot
  • Stop: $120
  • Target: $250—Oct 2018 Highs

All Charts Courtesy of Trading View – BitFinex

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: January 15, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $120, $110, $100

Yesterday, January 14, the price of Ethereum was in a bullish trend zone. The crypto’s price fell to the low of $116.79 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. Today, the crypto’s price is above the EMAs and it is ranging above the $131.85 price level. The crypto’s price is expected to rise because the price is in the bullish trend zone.

Meanwhile, the stochastic is in the overbought region below the 80% range which indicates that Ethereum is in a bullish momentum and a buy signal. The MACD line and the signal line is above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in the bullish trend zone. Yesterday, the crypto’s price fell to $118.19 and commenced a bullish movement to the 12-day EMA and the 26-day EMA. The crypto’s price is now above the EMAs, ranging above the $131.85 price level.

The price of Ethereum is expected to rise because it is in the bullish trend zone. The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: January 14, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $100, $90, $80

Last week, the price of Ethereum was in a bearish trend zone. The crypto was ranging above the $150 price level and it was assumed that if the bears broke the $150 price level, the crypto’s price would fall. On January 11, the crypto’s price fell to the low of $127.44 price level. After a range bound movement above the $120 price level, the crypto’s price fell again to the low of $116.79.

By the current fall, the price of Ethereum had fallen to the low of December 28, 2018. It is likely that the bears had exhausted their bearish movement. Traders should look out for buy setups and initiate long trades. Meanwhile, the stochastic is out of the oversold region but above the 20% range. This indicates that price is in a bullish momentum and a buy signal..

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in the bearish trend zone. On January 13, the crypto fell to the $118.19 price level and commenced a bullish movement to the 12-day EMA. The crypto’s price is attempting to break the 12-day EMA and the 26-day EMA to the bullish trend zone. The Stochastic is out of the oversold region but above the 80% range indicating that Ethereum is in a strong bullish momentum and a buy signal.


Ethereum (ETH) Long-Term Price Forecast: Jan 12, 2019

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $120, $100, $90

The price of Ethereum had been in the bullish trend since  December 17. On January 1, the crypto’s opening balance had risen to the high of $136 but the bulls could not break the resistance at the $160 price level. On January 10, the bears broke the 12-day EMA and the 26-day EMA to the bearish trend zone because of the inability of the bulls to break the resistance level.

The ETH price is now below the 12-day EMA and the 26-day EMA which indicates that the price is likely to fall. The crypto’s price has fallen and it’s approaching the $128 price level. The crypto will further depreciate if the $120 price level was broken which will make Ethereum reach the lows of $105 and $110.

Meanwhile, the stochastic is out of the oversold region but above the 60% range indicating that Ethereum is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: January 11, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $130, $120, $110

Yesterday, January 10, the price of Ethereum was in a bearish trend zone. The crypto’s price had been trading above the $150 price level in the last four days. It was assumed that the bears would break the $150 price since it was in the bearish trend zone. Now the bears have finally broken below the $150 price level and the EMAs.

The crypto has fallen to the $130 price level and it is likely to fall because it is below the EMAs. Meanwhile, the stochastic indicator is in the oversold region below the 20% range which indicates that Ethereum is in a strong bearish momentum and a sell signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in the bearish trend zone. On December 10, the crypto fell to the $140 price level. Later, it depreciated to the $132 price level. The crypto is now ranging above the $129 price level. A bullish candlestick attempted to break the 12-day EMA and was repelled. The crypto’s price is in a downtrend.

The Stochastic is out of the oversold region but below the 80% range indicating that Ethereum is in a bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: January 10, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $280
  • Support Levels: $150, $130, $110

Yesterday, January 9, the price of Ethereum was in the bearish trend zone. The crypto’s price had been trading above the $150 price level in the last four days. It was assumed that the bears would break the $150 price level since it was in the bearish trend zone.

Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the stochastic indicator is above the 20% range which indicates that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in the bearish trend zone. Today, a bullish candlestick broke above the EMA but price pulled back. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is  likely to fall.

The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: January 9, 2019

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $280
  • Support Levels: $150, $130, $110

Yesterday, January 8, the price of Ethereum was in a bearish trend zone. The crypto’s price is ranging above the $150 price level, after the resistance at the $165 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. If the $150 price level is broken by the bears, the crypto’s price may fall to the lows of $135 and $140 price levels.

On the upside, the ETH price may break above the EMAs and revisit the $165 price level. Meanwhile, the stochastic indicator is above the 40% range which indicates that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in the bullish trend zone. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is likely to rise.

The Stochastic is out of the oversold region but below the 40% range indicating that Ethereum is in a  bearish momentum and a sell signal. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Technical Analysis: January 8, 2019

Latest Ethereum News

Progress is slow, measured but sure. That’s the Ethereum way and months after slipping to third, fundamental developments ensured that the rebound was strong, dislodging XRP from the second spot. Obviously, this dethroning left a bad taste in XRP shillers–who have so far managed to sway CZ to make it base at the backdrop of an allegation that the world’s largest crypto exchange may have received bribes to apparently meet user demand.

Read: Crypto Token ICOs Are Under Fire But Traditional IPOs Are Also Experiencing Hard Times

In the meantime, and at the back of organic development, Ethereum as an ecosystem and ETH as a coin is raving at the back of increasing demand. In slightly over a week, Constantinople will roll out and if there is a general consensus, complete transition means there is another step towards Serenity. Aside from that, an agreement has been reached amongst Ethereum developers for the deployment of ASIC resistant GPU that will prioritize decentralization over centralization—a case Bitcoin is struggling with at the moment.

Also Read: The Tron Network Receives a New Game ‘EtherGoo’ Which Previously Worked on Top of Ethereum

According to reports, the successful meeting held on Jan 4 approved the implementation of ProgPow—an improved proof of work system dependent on GPUs which had been successfully trialed clients running the Gangnam TestNet. Aside from making it harder for ASICs to commandeer the network for at least the next year or more, developers were able to stabilize hash rates while simultaneously urging for upgrades to ProgPow.

Ethereum (ETH) Price Analysis

Ethereum

 

The trend is clear: ETH bears are in control from a top-down approach and at current prices, ETH is at the edge, a precipice. By adding 12.5 percent in the last week, ETH is one of the top performers and near-term prices mostly depend on how bulls will react at $170. From candlestick arrangement, $170 is previous support now resistance.

As a level that marks the day bears wrecked ETH holders by distributing and finally breaking below it at the back of above average volumes back on Nov 18, any break above will shift momentum from bearish to bullish nullifying the breakout pattern which ETH/USD pair is currently trading in. Of course, there is no doubt that the market is positive and with steady gains from mid-Dec 2018 and expectation of Constantinople, ETH could rally and even print $250 by end of Q1 2019.

However, caution demands that conservative traders only open position once prices edge past $170 in line with our previous ETH/USD trade plans. Only then shall we recommend buying ETH on pullbacks with first targets at $250 and later $400.

If our conditions are met, this will be our ETH/USD trade plan:

  • Buy: spot, $170
  • Stop: $150
  • Target: $250, $400

All Charts Courtesy of Trading View

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: January 8, 2019

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $150, $130, $110

Yesterday, January 7, the price of Ethereum was in a bullish trend . The crypto’s price reached the high of $165 but was resisted. The price of Ethereum has fallen and broken below the 12-day EMA and the 26-day EMA. It is likely that if the bearish pressure continued and the $150 price level would be broken, and the crypto’s price may fall to the lows of $135 and $140 price levels.

Meanwhile, the stochastic indicator is in the oversold region but below the 20% range .This implies that Ethereum is in a strong bearish momentum and a sell signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. On December 7, the crypto’s price broke below the 12-day EMA, the 26-day EMA and it fell to the low of $153.16. The Stochastic is in the oversold region but below the 20% range indicating that Ethereum is in a bearish momentum and a sell signal. However, since the crypto’s price is below the 12-day EMA and the 26-day EMA, the crypto is likely to continue its fall.


Ethereum (ETH) Daily Price Forecast: January 7, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $150, $130, $110

Last week the price of Ethereum was in a bullish trend zone. The crypto’s price had tested the $160 resistance level to break it but without success. Rather, the crypto had been ranging  above the 12-day EMA and the 26-day EMA and below the resistance level. On January 6, the price of Ethereum tested the resistance level and was repelled again.

Today, the crypto‘s price is currently retracing and approaching the 12-day EMA and the 26-day EMA. Meanwhile, the stochastic indicator is above the 40% range. This implies that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The crypto’s price rose to the high of $165.86 and was resisted. The price is retracing and attempting to break below the 12-day EMA and the 26-day EMA. If the bears break below the EMAs the crypto will find support at $140 price level. The Stochastic is above the 20% range indicating that Ethereum is in a bullish momentum and a buy signal.


Ethereum (ETH) Long-Term Price Forecast: Jan 5, 2019

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $150, $130, $110

The ETH/USD pair had been in the bullish trend zone since on December 17. The bulls had tested twice the $160 price level and were unable to break it. If the bulls break the $160 price level, the crypto will reach the highs of $180 and $200. Nevertheless, the price of Ethereum has an opening balance of $136 in the month of January 2019.

From the weekly chart, the price of Ethereum is in the bearish trend zone. The crypto’s price is making a bullish movement to the 12-day EMA and the 26-day EMA. If the bulls break above the EMAs, the crypto will be in the bullish trend zone.

Meanwhile, the stochastic is out of the oversold region but above the 20% range indicating that Ethereum is in a bullish momentum and a buy signal. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: January 4, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $150, $130, $110

Yesterday, January 3, the price of Ethereum was in a bearish trend. The crypto’s price retraced to the support of the 12-day EMA. The 12-day EMA is now supported as the crypto’s price makes a bullish movement. The crypto’s price has the tendency to rise because the price is in the bullish trend zone.

The ETH price is likely to retest the resistance at $160 price level. However, if the price breaks below the $150 price level, the crypto will fall. Meanwhile, the stochastic indicator is out of the overbought region but above the 20% range. This implies that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The crypto’s price rose to the high of $153.98 and commenced a range bound movement at that price level. The crypto’s price is attempting to break above the 12-day EMA and the 26-day EMA.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The Stochastic is out of the oversold region but above the 80% range indicating that Ethereum is in a srong bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: January 3, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $150, $130, $110

Yesterday, January 2, the price of Ethereum was in a bullish trend. The crypto’s price broke the $140 and $150 price levels and reached a high of $160. However, the price of Ethereum was resisted at a price $163.67 and price was retracing  from the recent high.

On the upside, if the bulls sustain the price above the 12-day EMA and the 26-day EMA, the crypto will resume its uptrend. On the downside, if price retraces and breaks below the 12-day EMA and the 26-day EMA, the crypto will be in a downtrend. Meanwhile, the stochastic indicator is out of the overbought region but below the 80% range. This implies that Ethereum is in a bearish momentum.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. The crypto’s price retraced after the resistance at $163.67 price level. The crypto’s price retraced to the 26-day EMA and the 26-day EMA became a support level for another bullish movement.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: January 2, 2019

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $140, $130, $120

Yesterday, the price of Ethereum was in a bullish trend. Since on December 28, the crypto’s price had been above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In my last previous analysis, it was assumed that if the crypto’s price broke the $140 price level and the price is sustained above it, the crypto would rise.

The crypto’s price is above the $140 price level and the price is expected at the $150 price level. Meanwhile, Stochastic is above the 60% range which indicates that Ethereum is in a bullish momentum and a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. On January 1, the ETH price broke the 12-day EMA, the 26-day EMA and the $140 price level. The crypto’s price is expected to rise but may face resistance at the $150 price level.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the Stochastic is at the 60% range indicating that Ethereum is in a bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: Dec 31, 2018

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $280
  • Support Levels: $130, $120, $110

Last week the price of Ethereum was in a sideways trend. On December 28, the crypto’s price was in a bullish trend zone as the price reached the high of $142.15 and commenced a range bound movement below and above the $140 price level. The crypto’s price is likely to rise because it is above the 12-day EMA and the 26-day EMA.

If the bulls break above the $140 price level and sustain hold above it, the crypto will rise to reach the previous low of $150 and $160 price levels. On the downside, if the crypto’s price was resisted after the range bound movement, the ETH will fall to the lows of $130 and $120 price levels.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price was in a sideways trend. The ETH price is above the 12-day EMA and  the 26-day EMA but currently falling and breaking the EMAs to the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the Stochastic is at the 20% range indicating that Ethereum is in the bullish momentum.


Ethereum (ETH) Long-Term Price Forecast: Dec 29, 2018

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $360, $370
  • Support Levels: $130, $120, $110

The ETH/USD pair was in a bullish trend in the last week of December 2018. Also, in December, neither the bulls nor the bears have control over the price of Ethereum. Ethereum has an opening balance of $113.64 but closed trading at a price of $139.65 as at the time of writing. In the other words, Ethereum had a 22% gain to its capitalization. From the weekly chart, the crypto’s price is in the bearish trend zone.

Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the stochastic is in the oversold region but above the 20% range indicating that Ethereum is in a bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: Dec 28, 2018

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $130, $120, $110

Yesterday, December 27, the price of Ethereum was in a bearish trend. On December 25, the crypto’s price fell to the low of $128 and price commenced a range bound movement above that level. Yesterday, the 12-day EMA and  the 26-day EMA resisted a bearish candlestick and price fell to the low of $118.57.

The bearish trend has not been exhausted as the price continues its fall. The stochastic indicator has entered the oversold region below the 20% range. This implies that the price of Ethereum is in a strong bearish momentum and a sell signal. Meanwhile, the crypto’s price is below the 12-day EMA and 26-day EMA indicating that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price was in a bearish trend. The price of Ethereum is below the 12-day EMA and  the26-day EMA which indicates that price is in the bearish trend zone. On December 27, there were two levels of range bound movement.

The first level of range bound movement was the crypto’s price ranging at a price of $126.66 before its eventual breakdown. The second range bound movement was ranging at a price of $119.50. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Dec 27, 2018

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $280
  • Support Levels: $130, $120, $110

Yesterday, December 26, the price of Ethereum was in a sideways trend. The crypto’s price is neither below nor above the 12-day EMA and the 26-day EMA indicating that price is in a sideways trend. The price of Ethereum is still fluctuating above the $130 price level.

If the price remained above the $130 price level the crypto is likely to revisit the previous high of $160 price level. On the downside, if the price falls below the $130 price level, the crypto will find support at the $110 price level.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price was in a sideways trend.The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend. The crypto’s price is ranging between the levels of $127 and $140.

If price breaks below the $127 price level , the crypto’s price will fall to the low of $110. On the other hand, if the price breaks above the $140 price level, the crypto will reach the previous high of $150. Meanwhile, the Stochastic is above the 20% range which indicates a bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: Dec 26, 2018

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $130, $120, $110

Yesterday, December 25, the price of Ethereum was in a bullish trend. While in a bullish trend the crypto’s price broke the 12-day EMA, the 26-day EMA to the upside, and price remained above the EMAs. If the price remained above the $130 price level the crypto is likely to revisit the previous high of $160 price level.

On the downside, if price falls below the $130 price level , the crypto will find support at the $110 price level. Meanwhile, the Stochastic is out of the oversold region and it is in the range below the 80%  which indicates Ethereum is in a bullish momentum and a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price was in a bullish trend. Firstly, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The crypto’s price will rise to meet up with the previous high of $160 price level.

Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. In addition, the stochastic is approaching the overbought region but below the 80% range which also indicates that the crypto is in a bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: Dec 25, 2018

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $130, $120, $110

Yesterday, December 24, the price of Ethereum was in a bullish trend. The crypto’s price was above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The crypto’s price was also trending on the 12–day EMA as a support level. Yesterday, it was envisaged that the crypto’s price is likely to reach the high of $200 price level but may face resistance at $150 and $180 price level.

Today the crypto’s price has fallen and broken the 12-day EMA and it is approaching the 26-day EMA. On the downside, if price breaks the $130 price level, the crypto will be in the bearish trend zone. Meanwhile, the Stochastic indicator is out of the overbought region and it is in the range below 20% which implies that Ethereum is in a bearish trend a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. The crypto’s price has fallen and broken the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The price of Ethereum fell to the low of $128 price level and it appears will further depreciate. Meanwhile, the Stochastic is in the oversold region above the 20% range. This implies that Ethereum is in a bullish momentum and a buy signal.


Ethereum (ETH) Daily Price Forecast: Dec 24, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $250, $280
Support Levels: $130, $120, $110

Last week the price of Ethereum was in a bullish trend as the price rose from the low of $88.49 to the high of $133.29. It was envisaged last week that price might face resistance at the $120 price level. The $120 resistance level had been broken and the price was above the $140 price level.

The crypto’s price is trending above the 12-day EMA and the 26-day EMA. The price is likely to rise to the $200 price level but may face resistance at the $180 price level. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price was in a bullish trend. Last week, the crypto’s price rose to the high of $120 price level but was resisted. The price was range bound at that level until it was broken upward. The crypto’s price has reached a high of $150.82 but it is currently retracing for a possible resumption of the bullish trend.

Meanwhile, the crypto’s price is above the EMAs which indicates that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Long-Term Price Forecast: Dec 22, 2018

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $100, $80, $60

The ETH/USD pair is in a bullish trend as the price reached the high of $ 114.82. In the last two weeks, price of Ethereum had been bearish as the price fell from the high of $113.55 to the low of $84.05 on December 14, 2018. On December 15, the crypto's price commenced its bullish trend as price broke the 12-day EMA and the 26-day EMA in the lower time frame. From the weekly chart, the Stochastic indicator is in the oversold region below the 20% range.

It implies that the price of Ethereum is in a strong bearish momentum and a sell signal. From the weekly chart, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Dec 21, 2018

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $100, $90, $80

Yesterday, December 20, the price of Ethereum was in a bullish trend. The 12-day EMA provides as a support for the price of Ethereum. The 12-day EMA has been used as a support as price makes a series of higher highs and higher lows. On the upside, the crypto's price is expected at the $120 price level but may face resistance at that level.

On the downside, if the crypto failed to break the $120 price level, Ethereum will fall and commence a range bound movement. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price was in a bullish trend. The crypto’s price is likely to rise because the price is above the 12-day EMA and the 26-day EMA. The Stochastic is in the range above the 20% range which indicates that Ethereum has a bearish momentum and a sell signal. Nevertheless, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Dec 20, 2018

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $100, $90, $80

Yesterday, December 19, the price of Ethereum was in a bullish trend. The crypto’s price reached the high of $107.54 but it faced resistance at the $110 price level. Price is now retracing as a result of the resistance and it is approaching the 12-day EMA and the 26-day EMA. If the crypto’s price retraces and tests the EMAs, it may resume its uptrend movement.

On the other hand, if the crypto's price retraces and breaks the 12-day EMA and the 26-day EMA to the downside, it may resume its downtrend movement. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The Stochastic is in the range above the 20% range which indicates that Ethereum has a bullish momentum and a buy signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price was in a bullish trend. The ETH price fell below the 12-day EMA and the 26-day EMA and it is making a bullish movement out of the bearish trend zone. The Stochastic is in the range above the 20% range which indicates that Ethereum has a bullish momentum and a buy signal. The stochastic bands initially fell into the oversold region and made a U-turn.


Ethereum (ETH) Daily Price Forecast: Dec 19, 2018

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $100, $80, $60

Yesterday, December 18, the price of Ethereum was in a sideways trend. On December 17, the ETH price closed at a price of $98.81 after a bullish trend. After that, the crypto’s price went into a sideways trend after facing resistance at the $98 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

The crypto’s price broke the resistance at $100 price level and it is approaching the price at $105. On the other hand, if price breaks below the 12-day EMA and the 26-day EMA, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of ETH is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price was in a bullish trend. The price of Ethereum reached the high of $99.20 and commenced a range bound movement. The crypto’s price is fluctuating below and above the 12-day EMA.

If price breaks below the 12-day EMA and 26-day EMA, the crypto will resume its downtrend. On the upside, the crypto’s price has the tendency to rise above the EMAs but must break the resistance to reach other levels of prices.


Ethereum (ETH) Technical Analysis: Dec 18, 2018

Latest Ethereum News

Talk of scalability, software upgrade, and Constantinople dominate the Ethereum space. And there is a good reason for this. To begin with, the network angles to become the world supercomputer and with a Turing complete virtual machine in place, it is only a matter of solving the greatest hurdle facing Ethereum and bring back use—scalability.

Read: Retail Investors Can Now Trade Crypto-to-Crypto on New CoinBase Convert Feature

We had a taste of it early this year with Crypto kitties and as the network trudge towards implementing fitting solutions, the community was somehow split but consensus has been reached. Constantinople will be implemented mid-January and with it, Ethereum will only be two hard forks away from Serenity. Perhaps with this, we shall have a reinvigorated community that will perhaps lift prices from current lows.

Also Read: CoinBase Continues with “12 Days of CoinBase,” Offering USDC Stable coin Support for Day 7

Note that recent statistics indicate that though Ethereum is one of the fastest growing platforms in the space, it is still grappling with a drop in active addresses. Statistics indicate that activity sank 68 percent from January peaks. As a result of this decline, the total number of processed transactions dropped 55 percent from 1.3 million transactions processed on average back in January to sub 500k allowing the resurgent Tron to make a comeback eclipsing it on the number of daily average transaction processed.

But, if all things tow according to plan—regulator wise– and Casper FFG and Sharding is successful, transactions might recover as ETH prices rise with it.

Ethereum (ETH) Price Analysis

ETH/USD Daily Chart

ETH/USD Price Analysis

Prices are recovering and after 12 months of momentum-sapping lower lows, ETH is up 6.8 percent against the USD in the last day at the time of press. Thanks to yesterday’s development we now have a three-bar bull reversal pattern after ETH found support at $83 or Dec 16.

Here’s the thing: ETH/USD is trading within a bear breakout pattern after mid-Nov 2018 crash and unless otherwise there are gains above $160, bears are technically in charge at least for conservatives.

However, before prices near double, aggressive bulls should find opportunity once ETH expands above $100 triggering a short-term bull towards $130.

ETH/USD 4HR Chart

ETH/USD Price Analysis

Still, ETH/USD is trading within a bear breakout pattern of Dec 6. As laid out in previous trade plans, we need a solid high-volume break and close above $100 as mentioned above.

At spot prices, none of our trade conditions have been met and unless otherwise, we shall still retain a bearish preview in a bear breakout retest phase. On the reverse side and prices surge above $100, our ETH/USD trade plan will be as follows:

  • Buy: $100
  • Stop: $90
  • Target: $130

All Charts Courtesy of Trading View

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Dec 18, 2018

ETH/USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $90, $80, $70

Yesterday, December 17, the price of Ethereum was in a bullish trend. The crypto’s price broke the EMAs and it was trading in the bullish trend zone as at the time of price breakout. It was suggested that the price of Ethereum would rise if the crypto’s price remained above the EMAs. The 26-day EMA provided support for the crypto’s price which eventually resulted in the bullish trend.

The bulls took price while in the bullish trend zone and reached the high of $98.81.The crypto’s price broke the EMAs and it is now trading in the bullish trend zone.The price of Ethereum will rise if the crypto’s price remains above the EMAs. The EMAs now provides a support for the crypto’s price. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of ETH is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price was in a bullish trend. On December 17, the crypto commenced a bullish movement and broke the 12-day EMA and the 26-day EMA. The ETH price is now trading above the EMAs. There is the likelihood that price will rise if price remains in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.


Ethereum (ETH) Daily Price Forecast: Dec 17, 2018

ETH/USD Medium-term Trend: Ranging

  • Resistance Levels: $240, $250, $280
  • Support Levels: $80, $70, $60

Last week the price of Ethereum was in a bearish trend. On December 9, the crypto’s price reached the high of $99 while in a bullish trend. Later, the crypto’s price fell to the bearish trend zone after facing resistance at the $100 price level. On December 15, the price of Ethereum fell to the low of $83.56 and commenced a bullish movement.

The crypto’s price broke the EMAs and it is now trading in the bullish trend zone. The price of Ethereum will rise if the crypto’s price remains above the EMA. The EMAs now provides a support for the crypto’s price. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of ETH is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price was in a bearish trend. On December 15, the crypto commenced a bullish movement and broke the 12-day EMA and the 26-day EMA. The ETH price is now trading below the EMAs. There is the likelihood that price will rise if price reams in the bullish trend zone.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.


Ethereum (ETH) Long-Term Price Forecast: Dec 15, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $70, $50, $30

The ETH/USD pair had been in the bear market from the month of May to December 2018. The 12-day EMA and the 26-day EMA are trending southward. And the price of Ethereum is trading at $85.42 as at the time of writing. From the weekly chart, the Stochastic oscillator is in the oversold region and below the 20% range. This implies that the crypto’s price has a strong bearish momentum and a sell signal.

That is the crypto has the chance of further depreciation between the lows of $60 and $70.Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Dec 14, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $80, $70, $60

Yesterday, December 13, the price of Ethereum was in a bearish trend. The bulls were making an initial bullish movement to break the 12-day EMA and the 26-day EMA before they were resisted by the 26-day EMA. The crypto fell to the low of $86.66 but pulled back to the high of $88.66. The price of Ethereum fell to its previous support level of $85.

Price has tested this level on December 7 and December 8 without breaking it. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of ETH is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. Yesterday, the crypto's price was moving in a range bound movement above the $91 price level. The 12-day EMA and the 26-day EMA were horizontally flat.

At a price of $ 92, the crypto's price broke the 12-day EMA, the 26-day EMA and fell to the low of $86.51 and it commenced a range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.


Ethereum (ETH) Daily Price Forecast: Dec 13, 2018

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $80, $70, $60

Yesterday, December 12, the price of Ethereum was in a bullish trend. Yesterday, the bulls took price and broke the 12-day EMA and the 26-day EMA but price immediately pullback. Today, the price of Ethereum is making a comeback as the bears broke the 12-day EMA and the 26-day EMA to the  downside. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of ETH is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bullish trend. After its fall on December 11, the bulls took price and break the 12-day EMA and the 26-day EMA to the upside. If the bulls sustain hold above the EMAs, the price of Ethereum will rise.

The bears had taken over and had broken the exponential moving averages to the downside. Price is now in the bearish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a sell signal. Also, the crypto’s price is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.


Ethereum (ETH) Daily Price Forecast: Dec 12, 2018

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $80, $70, $60

Yesterday, December 11, the price of Ethereum was in a bearish trend. The price of Ethereum is still under bear control as the price is below the 12-day EMA and the 26-day EMA which indicates that Ethereum is likely to fall.

Yesterday, the crypto’s price was resisted by the 12-day EMA and price fell to the low of $88.10. Today, the crypto is making a bullish movement to the EMAs which is likely to be resisted by the EMAs. This has been the scenario since the crypto fell into the bearish trend zone. Meanwhile, the Relative Strength Index period 14 is level 41 which indicates that the price of Ethereum is trading in a sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend. On December 11, the crypto’s price fell to the low of $89 and commenced a range bound movement. While the crypto is fluctuating, the price action is showing small body candlesticks like the Doji and Spinning tops candlesticks describing the indecision of the bulls and the bears at the $89 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of ETH is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.


Ethereum (ETH) Technical Analysis: Dec 11, 2018

Latest Ethereum News

Unfortunately for blockchain development, the near perpendicular fall in digital asset prices precipitated partly thanks to regulator fear mongering and their tireless effort to cut off direct investment in the space in the name of investor protection—which is ridiculous—has largely contributed to this fall.

Assumed megaliths and industry leaders as ConsenSys are feeling the heat and days after urging their members to be competitive in the face of an increasingly competitive environment, the giant in a press release decided to lay off 13 percent of their staff. Remember they have a presence in 30 countries across the globe and with investment in more than 50 projects, then it’s obvious that quite a good number of developers are out there jobless.

Read: SEC Chairman Affirms ICO Token Sales Are A Good Way To Raise Capital If Rules Are Properly Followed

But there is hope and as Ethereum dedicate all their efforts to deal with scalability problems whose first step is the implementation of Constantinople—whose activation date has been mapped out to mid-January 2019, is one of the few bright spots to look at.

Also Read: Malta and Six EU Countries Sign Blockchain Distributed Ledger Technology Promotion Agreement

Through this hard fork, the platform will be one step towards Serenity and in that ideal state, Ethereum will be scalable with proof of stake as a consensus algorithm in place. Once Ethereum deals with on-chain throughput, scalability and have miners sorted out, then there will be absolutely no reason for projects to shift over to EOS or Tron.

Ethereum (ETH) Price Analysis

ETH/USD Daily Chart

ETH/USD Price Analysis

Though we are vibrantly expecting a bounce from this dredge, ETH is under immense pressure. Trading within a clear bear breakout pattern, bulls have a hard time against this wave of sellers.

It’s down eight percent in the last day and perched at third, sellers should be in control as long as prices are trending below $100. As visible from the chart, ETH/USD is stuck in a $17 consolidation with clear support at Dec 7 lows of $83 and resistance at $100.

Assuming bulls close above $100 complementing ETH demand of Dec 7, then traders should look aim for $130 and later $160 with stops at visible support levels in the 4HR chart. This might lay out the rails for higher highs helping erase the damaging losses of Nov 2018.

ETH/USD 4HR Chart

ETH/USD Price Analysis

The consolidation we mentioned above is clear in this time frame. And unless there are strong gains breaking above $100 triggering short-term buyers aiming at $130 and later $160, sellers are in control.

However, considering the strong losses of the last 11 months drops below $83 or Dec 7 lows shall trigger the next wave of lower lows that could see ETH test $50 or worse by the end of the year.

If bulls print higher, then our ETH/USD trade plan will be as follows:

  • Buy: $100
  • Stop: $85
  • First Target: $130

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Dec 11, 2018

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $80, $70, $60

Yesterday, December 10, the price of Ethereum was in a bearish trend. Yesterday, the bearish trend broke the 12-day EMA and the 26-day EMA and price fell to the bearish trend zone. The crypto's price fell to the low of 91.44 and price made a bullish movement to the EMAs.

The price of Ethereum is ranging below the EMAs but is above the $90 price level. If the bears break this level of price, the price Ethereum will find support at the $84 price level. Meanwhile, the price of ETH is below 12-day EMA and the 26-day EMA indicating price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. On December 10, the crypto’s price broke the 12-day EMA and the 25-day EMA and commenced range bound movement below the EMAs. The crypto’s price candlesticks have broken the EMAs to the upside. This will enable the crypto to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of ETH is above 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.


Ethereum (ETH) Daily Price Forecast: Dec 10, 2018

ETH/USD Medium-term Trend: Bearish

  • Resistance Levels: $240, $250, $280
  • Support Levels: $80, $70, $60

Last week the price of Ethereum was in a bearish trend. On December 7, the downtrend ended and fell to the low of $87.94. later, the crypto commenced a range bound movement which resulted in a bullish trend that broke the 12-day EMA and the 26-day EMA to the upside. Price is now falling as it faced resistance at the $100 price level.

If the crypto breaks the $100 price level, Ethereum will resume its uptrend. The ETH price is below 12-day EMA and the 26-day EMA indicating price is likely to fall. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. The crypto's price fell to the low of $85.54 and began fluctuating below and above the 12-day EMA and the 26-day EMA. Price is now below the EMAs indicating that price is likely to fall.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The Stochastic indicator is in the range below 20% which indicates that Ethereum has a bearish momentum and a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Dec 8, 2018

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $90, $70, $60

The ETH/USD pair is in a smooth downtrend unlike the price of Bitcoin which was partly horizontal in price movement. From the 1-hour chart, the price of Ethereum had earlier fallen to the low of $85.54 but pulled back to the high of $92. This does not imply that the bearish trend of Ethereum has been reversed or exhausted. From the price action, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing.

The MACD line and the signal line are below the zero line which indicates a sell signal. The Stochastic indicator has fallen below the 20% range. This means that Ethereum has a strong bearish momentum and the price of the crypto will remain bearish. The crypto is likely to continue its downtrend.


Ethereum (ETH) Daily Price Forecast: Dec 7, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $70, $60, $50

Yesterday, December 6, the price of Ethereum was in a bearish trend. The crypto is having a free fall in the last 48 hours. On November 5, the ETH price was trading at $104 and it fell to the low of $99 the following day. Today, the crypto's price has fallen to the low of $87.90 and the downward trend is likely to continue.

Meanwhile, the two EMAs are pointing southward indicating that price is falling. The ETH price is below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. In the lower timeframe, the crypto's is making a series of lower highs and lower lows. The bulls did not make any attempt of pulling back price. The two EMAs are pointing southward indicating a downward trend.

Meanwhile, the price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Traders should suspend any long orders until the bearish pressure is over but should look out for buy setups.


Ethereum (ETH) Daily Price Forecast: Dec 6, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, December 5, the price of Ethereum was in a bearish trend. The digital currency fell to the low of $103 which was the lower level of price range. Since November 25, the crypto's price had been range bound between the levels of $100 and $125. It is expected for the price of Ethereum to pullback since  price has reached the lower price range.

However, the bullish trend is expected at the $100 price level. Meanwhile, the crypto's price is below 12-day EMA and the 26-day EMA indicating that price is likely to fall. Also, the MACD line and the signal line are below the zero line which indicates a sell signal. If the bears break the $100 price level, the digital currency will depreciate and be out the range. On the other hand, if the $100 price levels holds traders shoul look out for buy setups so as to initiate long trades.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. The digital currency fell to the low of $103.50 and commenced a range bound. Meanwhile, the price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The digital currency is expected to rise since it is testing the lower price level.


Ethereum (ETH) Daily Price Forecast: Dec 5, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, December 4, the price of Ethereum was in a bearish trend. There had been no significant price movement in the last 24 hours. The crypto's price is fluctuating below the 12-day EMA and all the price movements were resisted by the 12-day EMA. From the daily chart, the digital currency was unable to break the 12-day EMA and the 26-day EMA.

This indicates that the price of Ethereum is not likely to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. If the price tests the lower price level of $100 and the level holds; traders should initiate long trades in anticipation.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. Today, the bullish trend broke 12-day EMA and the 26-day EMA and commenced range bound movement above it. But the crypto's price fell again below the EMAs which will result in the downtrend.


Ethereum (ETH) Technical Analysis: Dec 4, 2018

Latest Ethereum News

In a report, the USD CFTC now defines smart contracts—that mostly run on platforms as Ethereum and Waves for example—as “a set of coded computer functions that can self-execute actions based on criteria being met or not met”. Smart contracts made it possible for different projects and even startups to tokenize, raise funds through investment or utility contracts.

It’s also the bone of contention because, through these smart contracts, regulators from all over the world are pushing for policy amendment to tame proliferation of fraud and issuance of tokens which they classify as securities. In the US, the SEC now has different ICOs and exchanges under their microscope and after settling with celebrities whom they accused of promoting securities, the SEC plan to publish a guide for coin issuers and for investors planning to invest on these tokens.

Now, since these “unregulated” projects have to find ways of sync with regulators’ requirements lest they are labeled as securities, the report by CFTC could speed up the learning curve amongst policymakers and law enforcers because it is their responsibility to know exactly what they are dealing with.

Remember, several projects now have to watch their backs partly because of their failure to do their due diligence and issue utility tokens and partly because of regulators blanket view that all ICOs are securities and they must step in to “protect investors”.

Ethereum (ETH) Price Analysis

ETH/USD Weekly Chart

ETH/USD Price Analysis

After 11 months of strong lower lows, ETH is still under immense sell pressure. Though trade range and bear momentum have since slowed down, the simple fact is that bears have the “prove” themselves before we recommend buys as we fade a dominant trend.

A simple glance at the charts and it is clear that not only are prices trading within a bear breakout pattern confirmed by week ending Nov 25 sell bar, but a whole bear bar closing below $160 points to underlying momentum.

Moving on, our trade plan will be pretty straightforward, search for selling opportunities in lower time frames as long as prices trend below $130. And assuming the undesirable print and prices close below $100 with strong market participation, we cannot discount chances of ETH prices dropping to lows of $1 or Q1 2017 lows.

ETH/USD Daily Chart

ETH/USD Price Analysis

As it is, we shall lay emphasis on how price action reacts at $100, an important support level and a sell trigger. From our iteration, sellers are in charge and for ETH/USD trajectory to shift from bearish to bullish then we need confirmation of Nov 28 Morning Star pattern as prices race above $130.

If bulls build enough momentum and this print out by the end of the week, then aggressive traders should get involved, initiating positions with first targets at $160, $250 and later $300. However, if that fails and sellers flow back driving prices below $100, then we shall trade as aforementioned.

All Charts Courtesy of Trading View

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Dec 4, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, December 3, the price of Ethereum was in a bearish trend. Presently, the price of Ethereum is fluctuating between the levels of $100 and $130 in the last one week. On December 3, the crypto's price was resisted by the 12-day EMA and price fell in a downward trend. The digital currency fell to the low of $108.14 and pullback.

Price of Ethereum is in a range bound movement. If the digital currency falls, it will reach the lower price level of $100 and it will pullback. On the other hand, if it is in a bullish trend, it will face resistance at the $130 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend. The crypto's price fell to the low of $108.14 and commenced a range bound movement. The price is resisted by the 12-day EMA, and if the price is resisted the crypto will continue its downward trend. On the other hand, if price breaks the EMAs, the crypto is likely rise.


Ethereum (ETH) Daily Price Forecast: Dec 3, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Last week the price of Ethereum was in a bearish trend. The bearish trend fell to the low of $107.20 and became range bound. On the 4-hour chart, the crypto's price was fluctuating below and above the 12-day EMA and the 26-day EMA. On December 1, the bulls made a bullish movement above the 12-day EMA and the 26-day EMA indicating that price is likely to rise.

The two EMAs provides support for the price of Ethereum. Today, the crypto's price has broken the EMAs on the downside, the digital currency will resume its downward trend. The crypto had been fluctuating above the $100 price level after the bearish breakout. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price is Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in a bearish trend. The digital currency is in the bearish trend zone and it is likely to fall if resisted by the EMAs.


Ethereum (ETH) Long-Term Price Forecast: Dec 1, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $100, $80, $60

The ETH/USD pair was bearish in the month of November 2018. In the first two weeks, the digital currency was range bound as the crypto was fluctuating above the $200 price level. On November 14, Ethereum had a bearish breakout that made the crypto to fall in a downward trend. On November 1, the crypto had an opening balance of $198.41 but the crypto fell to the low of $113.54 as at the time of writing. The price of Ethereum lost about 42.77% of its capitalization.

The crypto is likely to fall in the month of December 2018. Meanwhile, the price of Ethereum is likely to fall because the price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 30, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, November 29, the price of Ethereum was in a sideways trend. The crypto’s price was ranging above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. On November 27, the price of Ethereum was in a bullish trend, where the price rose from $107 to the high of $127.

There was a suggestion that if the $120 price level was held traders should initiate long trades. However, the crypto's price was not held  and trades cannot be initiated at that level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price is Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend. The crypto's price is ranging above and below the 12-day EMA and the 26-day EMA indicating a sideways trend.Presently, the price of Ethereum is below 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.


Ethereum (ETH) Daily Price Forecast: Nov 29, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, November 28, the price of Ethereum was in a bullish trend. The crypto’s price has broken the $120 price level and the price is fuctuating at that level. Similarly, the price of Ethereum is now in the bullish trend zone. Traders should initiate long trades at the $120 price levels if the level holds. Also, a stop loss should be placed below the $120 price level.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The crypto’s price is likely to rise as long as the price is above the EMAs.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. The digital currency is in a smooth uptrend as the price is making a series of higher highs and higher lows. Presently, the crypto's price  is retracing from the recent high. Meanwhile, the price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Nov 28, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, November 27, the price of Ethereum was in a bullish trend. The bullish trend that began yesterday has entered the second day. Today, the crypto's price has broken the 12-day EMA and it is approaching the 26-day EMA.

However, if the crypto's price breaks the two EMAs and remain above it; the digital currency will be in the bullish trend zone. The price of Ethereum will begin to rise. The bearish trend will be said to have reversed. Traders are to look out for buy setups in an anticipation for a bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is above the 12-day EMA which indicates price is rising.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. The digital currency has broken the 12-day EMA, the 26-day EMA and has remained above it. The crypto's price is now in the bullish trend zone. Traders can initiate long trades with a stop loss order below the $100 price level.


Ethereum (ETH) Daily Price Forecast: Nov 27, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, November 26, the price of Ethereum was in a bearish trend. On November 25, the digital currency fell to the low of $107.57 and made a retracement to the 12-day EMA. The 12-day EMA now acts as a resistance and this pushes the cryptocurrency to depreciates.

On November 26, crypto's price was resisted by the 12-day EMA and it fell to the low of $107.47. Today, the digital currency is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. On November 26, the digital currency broke the 12-day EMA and the 26-day EMA and price fell below the EMAs. The crypto now resumed its downward trend, the 12-day EMA acting as a resistance level. Price is likely to reach the low of $100. There will be no trade recommendation until the bearish pressure is exhausted.


Ethereum (ETH) Daily Price Forecast: Nov 26, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Last week the price of Ethereum was in a bearish trend. The digital currency was below the 12-day EMA and the 26-day EMA which indicated that price was going to fall. On November 19, the crypto's price was resisted by the 12-day EMA and price fell in a downward trend.

The digital currency fell to the low of $107.57 but the crypto's price was still within the bearish trend zone. Today,price is making a bullish movement from its low but may face resistance at the 12-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Price is likely to remain bearish as long as the crypto is below the 12-day EMA and the 26-day EMA.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend. On November 25, the digital currency fell to the low of $103.58 and commenced a bullish movement. The bullish candlestick broke the 12-day EMA and the 26-day EMA indicating that price is rising. The 12-day EMA now provides support for the digital currency. If price breaks the 26-day EMA and remains above it, the crypto is likely to rise. But if it fell below the 26-day EMA, the crypto is likely to continue its downtrend trend.


Ethereum (ETH) Long-Term Price Forecast: Nov 24, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $100, $80, $60

The ETH/USD pair had been bearish in the last three weeks of November 2018. On November 1, the price of Ethereum had an opening balance of $198.41 but had fallen to the low of $122.45. On November 14, the 12-day EMA and the 26-day EMA resisted price and the crypto fell in a downward trend. The bears selling at the $200 price level had been a tug of war between the bulls and the bears. The $200 price level had been range-bound in the last three months before its eventual breakup.

On November 24, the crypto's price is trading at $122.45 as at the time of writing. The digital currency is in a bearish movement as the price has reached the oversold region of the market. Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 23, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $120, $110, $100

Yesterday, November 22, the price of Ethereum was in a bearish trend. On November 22, a bearish candlestick was resisted by the 12-day EMA and price continued its range bound movement. Later the bears commenced their bearish movement. The digital currency may likely find support is $120.

Meanwhile, the price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, traders should exit their previous long trades as the price has resumed its bearish movement. There will be no trade recommendation until the bearish trend is exhausted.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. On November 23, the digital currency was resisted by the 12-day EMA and price resumed its bearish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


Ethereum (ETH) Daily Price Forecast: Nov 22, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $250, $280
Support Levels: $130, $120, $110

Yesterday, November 21, the price of Ethereum was in a bearish trend. The crypto's price fell to the low of $137.37 and commenced a range bound movement at the same price level. Today, a bullish candlestick is approaching the 12-day EMA.

Price is expected to break the 12-day EMA and the 26-day EMA; then resume its uptrend movement. Meanwhile, the price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. On November 21, the digital currency fell to the low of $133.97 and commenced a bullish movement. Price is now above the 12-day EMA and the 26-day EMA indicating that price of Ethereum is now in a bullish trend zone.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The right time has come for traders to initiate long trades in anticipation of a bullish trend. Then a stop loss should be placed below the previous low of $129.


Ethereum (ETH) Daily Price Forecast: Nov 21, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $260
Support Levels: $130, $120, $110

Yesterday, November 20, the price of Ethereum was in a bearish trend. On November 19, the crypto's price continued with the bearish movement by making a series of lower lows and lower highs. On November 20, the price action changed to a sideways trend and later to a bullish trend. In the lower time frame, price broke the 12-day EMA and the 26-day EMA to the upside. Later the bearish trend continued.

This indicates that the bears were losing control of the market as the market reached the oversold region. Meanwhile, the price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. In the lower frame, the price action of Lower lows and lower highs has changed. The crypto's price has reached a low of $129.57 and commenced a bullish movement. The bears are losing control of the market. Traders should look out for buy setups in order to initiate long trades. Then a stop loss should be placed below the previous low of $129.


Ethereum (ETH) Technical Analysis: Nov 20, 2018

Latest Ethereum News

The meltdown is uniform across the crypto-sphere and as analysts, pundits and enthusiast air their view, sleuthing on the probable cause of this decline that have since wiped more than $50 billion in matter of days, it’s clear that ETH/USD is one of the worse performers in the last week. Not only have we seen losses below $200, $160 and now $150, but the lack of steel has seen the coin drop ranking to third as XRP climb to second absorbing price shocks.

As it stands, many are speculating that the cause of this draw down might be because of recent SEC foray into the space. While taking advantage of the 2017 DAO Report that demand that exchanges or any service providers dealing with the exchange of tokens viewed as securities register with the SEC, the agency went ahead and fined the founder of Etherdelta–Zachary Coburn– $383,000 for operating an unregistered securities exchange.

Up until these unexpected charges, the exchange acted as a secondary market for trading ERC-20 tokens via smart contracts on the Ethereum platform. Most of these tokens, the SEC said, were securities, but Etherdelta continued operating without registering or applying for an exemption from the regulator.

Weeks later the SEC went ahead and announced the first civil penalties on the founders of two crypto projects–Airfox and Paragon. These projects raised more than $10 million but the SEC claim they failed to register their offerings as securities but have no agreed to compensate harmed investors, pay up the $250,000 penalties and register as securities.

Ethereum (ETH) Price Analysis

ETH/USD Weekly Chart

ETH/USD Price Analysis

Overly, fundamental factors plus the drop of BTC prices are fueling this meltdown. At current prices, ETH/USD is down 36 percent in the last week but poised to print lower now that prices are trading within a bear break out pattern following events of the last week.

In line with our previous ETH/USD trade plans we had suggested taking a neutral stand as long as prices were trending inside a $110 range with caps at $160—lower limit and $250–$300 resistance zone.

Thus far, our trade conditions have been met and with high trade volumes accompanying the break below $160, conservative traders should execute in the direction of least resistance which is southwards. Moving on, we recommend selling on pull backs with first targets at $100 and later $50.

ETH/USD Daily Chart

ETH/USD Price Analysis

Back to the daily chart and the bear breakout pattern mentioned is clear. After two days of “hell”, it’s likely that ETH/USD would recover and perhaps retest the $160 resistance—previous support line.

Notice that bull momentum is building up in lower time frames and because of this we suggest taking a neutral stand and zoom out to the one-hour chart selling once a sell signal print. Ideal sell zone is around $150–$170 mark. Fitting stops will be at $170.

All Charts Courtesy of Trading View

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Nov 20, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $150, $140, $130

Yesterday, November 19, the price of Ethereum was in a bearish trend. The 12-day EMA resisted a bearish candlestick and price fell to the low of $150.93 and commenced a range bound movement. Price is still below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. If price breaks the exponential moving averages to the upwards, the price is likely to rise. But if it tests the exponential moving averages and falls, the price will continue its bearish movement.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the digital currency is in a bearish trend. A bearish candlestick tested the 12-day EMA and it was resisted, price will continue its bearish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

In addition, the price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. If price holds above the $150 price level traders should look out for buy setups.


Ethereum (ETH) Daily Price Forecast: Nov 19, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $260
Support Levels: $150, $140, $130

Last week the price of Ethereum was in a bearish trend. The crypto’s price was fluctuating above the $200 price level when the price of Ethereum was resisted by the 12-day EMA. This resistance made the crypto to fall to the low of $178.18 and commenced another range bound movement. From the chart, the crypto’s price was resisted again by the 12-day EMA.

Price has fallen again to the low of $155. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the digital currency is in a bearish trend. On November 15, the crypto fell to the low of $171.47 and pulled back to a high of $180.85 . Then commenced a range bound movement. The crypto’s price has been resisted by the EMAs which would make the digital currency to fall again. On the other hand, the crypto may respect the previous low and commenced a bullish movement.


Ethereum (ETH) Long-Term Price Forecast: Nov 17, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $160, $140, $240

The ETH/USD pair was in a bullish trend in the first week of November 2018. The crypto made a bullish movement to the high of $224.85. The 12-day EMA and the 26-day EMA are horizontally flat. At the lower time frame, the crypto broke the exponential moving averages (EMAs) and price fell to the low of $174.64. The crypto's price has reached the oversold region of the market.

Traders are to look out for buy setups in order to initiate long trades in anticipation of a bullish trend. The crypto price is expected to rise as the price has reached the oversold region of the market. Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 16, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $170, $160, $150

Yesterday, November 15, the price of Ethereum was in a sideways trend. The price of Ethereum fell to the low of $178.21 and commenced a range bound movement. The appearance of Doji and Spinning candlesticks described the indecision of buyers and sellers at the $178 price level. Also, the crypto's price is below the exponential moving averages (EMAs) indicating that price is likely to fall.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicate that price is in the bearish trend zone. If the $178 price level holds, traders should initiate long trades in anticipation of a bullish trend.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the digital currency is in a bearish trend. The crypto's price fell to the low of $ 171, but price pulled back to commence a range bound movement. Meanwhile, the crypto's price is neither below nor above the 12-day EMA and the 26-day EMA indicating a sideways trend.The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 15, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $170, $160, $150

Yesterday, November 14, the price of Ethereum was in a bearish trend. Price was fluctuating at the $210 price level before the bearish breakout. The crypto's price was resisted by the 12-day EMA and it is approaching the $180 price level. The digital currency has reached its oversold region, therefore traders should look out for buy setups so as to initiate long trades.

This will enable traders to earn partial profits as the crypto's price commences its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto’s price is in a bearish trend. The crypto's price fell to the low of $182.05 and price is ranging at that price level. The crypto’s price is now below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 14, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $205, $200, $170

Yesterday, November 13, the price of Ethereum was in a bearish trend. The crypto's price was fluctuating above the $200 price level when price slide down. The digital currency is still above the $200 price level despite its fall.

However, the crypto’s price is below the exponential moving averages (EMAs) which indicate that the digital currency is likely to fall. Today, the digital currency fell to the $209 price level and it is ranging above that level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto’s price is in a bearish trend. On November 13, a bearish candlestick broke the 12-day EMA and the 26-day EMA to the low of $209 and commenced a range bound movement. The crypto’s price is now above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. If the bearish trend continued support levels are likely to be breached.


Ethereum (ETH) Technical Analysis: Nov 13, 2018

Latest Ethereum News

Despite deep losses, 2018 marks an important milestone for blockchain and cryptocurrencies. It is the year of institutional experimentation with many remaining explicit about their intention to try out different blockchain solutions while some venture into digital asset custodial services.

Of course, the entry of Fidelity Investment is a game changer but still others are racing and declaring their intention to be part of the larger infrastructure that will see Ethereum and other cryptos absorbed by investment firms because of their depth and low volatility. Besides CoinBase application and approval by the NYDFS, Binance is also expanding and want to have a global outreach before providing specific solutions from professional as well as institutional level investors.

Already, their trading interface is intuitive and complex enough to cater for professional traders. Aside from their high security levels and deep liquidity—it is the largest exchange by trading volume, the exchange is running their operations on a proven and time-tested platform.

They now plan to introduce sub-accounts and with a tiered fee discount trading program under a maker/take model that suit the high-volume trades of institutions. To this end, the exchange is now ramping up support for corporate account management processes while leveraging their flexible API systems where limits—deposits and withdrawals can be set.

Ethereum (ETH) Price Analysis

ETH/USD Weekly Chart

ETH/USD Price Analysis

Still, ETH/USD is registering marginal gains in lower time frames while movements in higher time frames are constrained within tight ranges.

As a matter of fact, gains in the last seven days are less than one percent and relatively flat in the last day. Considering the lack of movement, our last ETH/USD trade plan is valid now that bulls didn’t build enough momentum to reverse early August losses.

Then, the high-volume bear bar triggered a wave of sell pressure and in a classic bear bar breakout, prices are yet to recover and ETH/USD is trading within a $110 range with supports at $160—or Sep lows.

Unless otherwise, sellers are in charge and every high should theoretically be another selling opportunity but since prices are down +80 percent from 2017 highs, a conservative trade plan demands patience with trade execution only when bears drive prices below $200 and later $160.

ETH/USD Daily Chart

ETH/USD Price Analysis

Overly, bears are in charge and as such, two bars are of important in our analysis: Sep 5 bear breakout bar and confirming Oct 11 bar. Everything else constant, it’s clear that sellers are in charge from an effort versus results point of view and from how bars are arranged.

Therefore, because of this, risk-off, aggressive type of traders can execute trades at spot with stops at $225—or Nov 7 highs with first target at $190 and later $160.

On the reverse side conservative traders should take a neutral stand until prices surge above $250 or dip below $160 in a trend confirming move that could see ETH/USD test $75.

*All Charts Courtesy of Trading View

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Nov 13, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $210, $190, $170

Yesterday, November 12, the price of Ethereum was in a bearish trend. The crypto's price is fluctuating above the $200 price level. It is also fluctuating below and above the exponential moving averages (EMAs). Presently, the price of Ethereum is fluctuating below the exponential moving averages indicating that price is likely to fall.

If the crypto's price falls, it will fall and test the $200 price level. If bears break the $200 price level, the price will find support at either $194.94 or $188.13. The digital currency is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Traders should initiate long orders as the price is now in a bullish trend so as to earn partial profits.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the digital currency is in a bearish trend. The crypto’s price is now below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 12, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $210, $190, $170

Last week the price of Ethereum was in a bullish trend. On November 5, at the support level of $208, the crypto's price reached a high of $225.12 in a bullish trend. The digital currency faced resistance at the price of $220 and it fell in a downward trend. The crypto fell to the low of $210.98 and commenced a bullish movement. On November 9, the crypto made another bullish movement to the high of $217.45.

The bullish trend was reversed by a gravestone Doji candlestick and price fell to the low $210.55. The crypto’s price is currently in a bullish trend and it is likely to rise. The digital currency is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Traders should initiate long orders as price is now in a bullish trend so as to earn partial profits.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the digital currency is in a bullish trend. The crypto’s price is now above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Nov 10, 2018

ETH/USD Long-term Trend: Ranging

Resistance Levels: $350, $370, $390
Support Levels: $200, $180, $200

The ETH/USD pair was in a bullish trend in the first week of November 2018. On October 29, the digital currency fell to the low of $195.94 and commenced a bullish movement. On November 7, the crypto reached the high of $224.85 but was resisted. Price is currently falling in a downward trend. In the daily chart, the bearish trend was resisted by the 26-day EMA. Price is likely to fall to the $200 price level.

If It does, traders should initiate long trades in anticipation of a bullish trend. Then a stop loss should be placed below the $200 price level. Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 9, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $210, $190, $170

Yesterday, November 8, the price of Ethereum was in a bearish trend. The crypto's price had reached a high of $224.85 in a bullish trend. Price was resisted because Ethereum faces resistance at the $220 price level. The digital currency was making a series of lower lows and lower highs.

The crypto's price broke the exponential moving averages ( EMAs) in a downward trend. Price of Ethereum is now below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The crypto is likely to fall again to the previous low of $200. If the price does fall, traders should initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the digital currency is in a bearish trend. The crypto’s price is now below the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 8, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $210, $190, $170

Yesterday, November 7, the price of Ethereum was in a sideways trend. The digital currency was ranging at the price of $221.90 when the crypto’s price fell to the low of $215.80. The crypto’s price has broken the 12-day EMA and the 26-day EMA indicating that price is likely to fall. Today, as the price of Ethereum is falling, it might revisit the previous low of $200.

If the price does fall and hold at the previous low of $200, traders should initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the digital currency is in a bearish trend. The crypto’s price fell and broke the 12-day EMA and the 26-day EMA indicating that price is likely to fall. The price of Ethereum is likely to face resistance at the low of $200 which will result in a range bound movement.


Ethereum (ETH) Daily Price Forecast: Nov 7, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $260, $280
Support Levels: $210, $190, $170

Yesterday, November 6, the price of Ethereum was in a sideways trend. The digital currency fluctuated above and below the $200 price level in the previous week. Yesterday, it was suggested that traders should initiate long trades in anticipation of a bullish trend.

Today, the crypto's price has reached the high of $222.69 and the price is facing resistance at the $220 price level. It is suggested that traders exit their long trades. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the digital currency is in a bullish trend. The bullish trend is making a series of higher highs and higher lows which have been interrupted by the bears. The crypto’s price has broken the trend line and the following candlestick closed in the opposite of the trend line. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Nov 6, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, November 6, the price of Ethereum had been on a sideways trend. The crypto had been fluctuating above the $200 price level for some time. The $200 price level had been the major support level of Ethereum. The price of Ethereum is in the bullish trend zone and it is making a bullish movement from its low of $207.

Traders should initiate long trades along with the bullish trend. Then a stop loss should be placed below the $200 price level. The crypto's price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the digital currency is in a sideways trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Nov 5, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Last week the price of Ethereum was fluctuating below and above the $200 price level. On November 4, the digital currency made a bullish movement to the previous high. The crypto's price reached the $220 price level and was resisted. The price of Ethereum pulled back to the $212 price level and commenced and bullish movement.

Today, the ETH price is above the exponential moving averages and price is expected to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the digital currency is in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal. Price is likely to break the 12-day EMA.


Ethereum (ETH) Long-Term Price Forecast: Nov 3, 2018

ETH/USD Long-term Trend: Ranging

Resistance Levels: $250, $270, $290
Support Levels: $180, $160, $140

The ETH/USD pair was range bound in the month of October 2018. The digital currency was ranging above the $200 price level . On October 15, Ethereum had a price rally which made the crypto to reach the high of $241. The resistance at $240 made the crypto to fall but managed to recover at $204.10. In the first week of November, the digital currency is fluctuating below and above the $200 price level.

Ethereum is expected to continue its range bound movement. Today, the price of Ethereum is currently trading at $202 as at the time of writing. Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Nov 2, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, November 1, the price of Ethereum was in a sideways trend. It was fluctuating above the $196.50 price level and the price was in the bearish trend zone. Today, Ethereum is in the bullish trend zone. Price is expected to rise but will face resistance at the $220 price level.

Traders should initiate long trades at the $200 price level; then a stop loss below the $196.50 price level. The $200 price level is the critical support level of Ethereum.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the digital currency is in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Nov 1, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, October 31, the price of Ethereum was in a sideways trend. The crypto’s price had been ranging above the $200 price level in the last two weeks. On October 29, the bears broke the $200 price level and the price fell to the low of $196.50 and commenced another range bound movement. The crypto’s price is now fluctuating above the $196.50 price level.

Since price is still below the exponentials moving average, Ethereum is expected to fall to the previous low of $190. If the price falls to the low of $190, traders should look out for buy setups to initiate Long trades. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto’s price is in a sideways trend. As the crypto’s price was ranging above the $196.50 price level, price tested the $193 price level and rebounded to its range bound movement. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: October 31, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, October 30, the price of Ethereum was still in the bearish trend zone. The crypto’s price fell to the low of $195.97 and commenced a range bound movement above it. Meanwhile, as the bearish pressure is continuing price is expected to fall to the previous low of $190. Traders should look out for buy setups if price does fall.

Long trades are to be initiated in anticipation of a bullish market. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. As the crypto’s price fell to the low of $195.16, Ethereum commenced a range bound movement. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Technical Analysis: October 30, 2018

As it is, there is a clear divergence between fundamentals and technicals. It’s easy to see how. Well, despite good news and even shilling comments from Ethereum front liners, prices seem not to respond and yesterday’s three percent dip say ETH/USD trade below $200 as they recover 99 percent of Oct 15 gains.

Latest Ethereum News

During the Devcon4 which is the annual Ethereum developer conference, the Enterprise Ethereum Alliance (EEA) laid out some new set of specification for large companies keen on using the network’s private blockchain. They also announced a certification procedure, called the Client Specification Version 2, ensuring that there is synchrony amongst Ethereum coders.

In addition to this raft of streamlining procedures, the EEA introduced the Off-Chain Trusted Compute Specification Version 0.5 that will allow on-chain transactions are channeled to trusted off-chain ledgers or tapped in Oracles via APIs as the EEA work towards what he terms as incremental alignment and seamless on-chain developments and complete interoperability. Oracles simply port external information into a smart contract and according to the EEA, these services would be supplied by blockchain services as Oraclize and BlockONE IQ.

Furthermore, Off-Chain Trusted Compute Specification Version 0.5 rids computational services as zero-knowledge proofs (ZK-SNARKs) or multi-party computation that would otherwise clog the network as it takes too long for it to be processed on-chain. This is so because EEA is a consortium made up of more than 500 companies and is a registered trademark. Beginning in 2020, all vendors who plan to make use of the EEA code would have to pass through a third-party certification.

Ethereum (ETH) Price Analysis

ETH/USD Weekly Chart

ETH/USD Price Analysis

In a contrarian move, ETH/USD is now trading below the psychological $200 level and less than $10 away from Sep lows or minor support perched at $190. All things constant, our previous ETH/USD trade condition is likely to be met today now that yesterday’s three percent drop lead to a complete reversal of Oct 15 gains.

From the chart, it is visible that sellers have an upper hand and even if there is a divergence between fundamental factors and candlestick formation, it seems like the path of the least resistance is southwards as set out by the conspicuous bear bar of the week ending Sep 9.

Then again note that though the market was upbeat following Oct 15 USDT crisis, ETH/USD closed lower that week failing to reverse losses of the high-volume bear engulfing bar. Unless otherwise there are super rallies yanking prices above $250 or $300 resistance zone, odds are conservative traders should prepare to unload once there are losses below $200.

ETH/USD Daily Chart

ETH/USD Price Analysis

Here sellers are obviously in control following yesterday’s break below. As such, considering the high trade volumes, we recommend sells in lower time frames with stops at $210 now that bears are likely to drop lower in line with Oct 11 gains. Further backing this inclination is the failure of buyers-though stuck in consolidation/accumulation in the last two weeks to confirm Oct 15 gains clearly pointing to sells from an effort versus result perspective.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: October 30, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, October 29, the bears broke the $200 price level. The digital currency has fallen to the low of $197.31 and commenced a range bound movement. The crypto's price is still likely to test its previous lows of $180 or $190. The digital currency was previously range bound between the levels of $200 and $240.

Price has now fallen below the lower price range. If the digital currency falls to its previous lows traders should initiate long trades. Their stop-loss order should be placed below $180 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. Price is now ranging below and above the $197 price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: October 29, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Last week, the ETH/USD pair was in a sideways trend. The digital currency has been fluctuating above the $200 price level in the last one week. Today the crypto's price is still above the $200 price level. The digital currency is likely to fall below the $200 price level if price remains below the exponentials moving averages(EMAs).

The crypto's price is making a bullish movement out of the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. Traders should look out for buy setup if the $200 price level is broken.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a bullish trend The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Oct 27, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $280, $260, $240

The price of Ethereum was in a bearish trend in the first week of October. On October 1, the digital currency has an opening balance of $228.43. The digital currency was range bound between the levels of $200 and $240. On October 9, the crypto's price was resisted and it fell to the low of $197.85. Also, On October 15, Ethereum had a bullish price rally that reached the high of $241.08. As a result of the resistance at $240, price pulled back to the low of $210.75. The crypto's price fell again to the low of $204.10.

Price of Ethereum is now consolidating above the $200 price level. The $240 price level has to be broken for Ethereum to resume its uptrend movement. Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: October 26, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 25, the ETH/USD pair was in a sideways trend but the overall trend is bearish. The digital currency has been fluctuating above the $200 price level in the last twelve days. On the 4-hour chart, the price bars of an Ethereum are horizontally above the $200 price level. Our MACD indicator is also horizontally flat because a sideways trend is ongoing.

However, a breakout is imminent in the nearest future. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. There is no trade recommendation for now because the market is said to be in a range bound movement.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: October 25, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 24, the ETH/USD pair was in a sideways trend. Yesterday, the crypto’s price reached a high of $208. The digital currency was resisted at a price of $207 and price fell to the low of $203.58. The crypto now fluctuates above the $200 price level between the levels of $203 and $207.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. As price is in the bearish trend zone, the bears may have upper hand above the bulls.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The digital currency fell to the low of $203 and it commenced a bullish movement. The bulls resisted the bears from breaking the major support level.The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: October 24, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 23, the ETH/USD pair was in a sideways trend. On the 4-hour chart, the crypto’s price was in the bearish trend zone and it was ranging above the $200 price level. On October 23, Ethereum fell from $206.56 to the low of $203.54 and commenced a bullish movement to the high of $206.55. This was how price was fluctuating above the $200 price level.

A breakout is imminent above the $200 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. Price is rising but it is being resisted at the $206 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Technical Analysis: October 23, 2018

Joseph Lubin is not distracted by falling prices saying it is not a perfect metric to measure the resilience of the market. In his view, the rising number of projects and adoption is a proper indicator of a firm market. This outlook is positive for Ethereum and ETH whose developers have had to postpone the Constantinople hard fork to early 2019.

Latest Ethereum News

After wading through a deluge of FUD, possible boom and busts and tough government measures, the crypto sphere is stronger and better. It has to be because for a technology that is less than a decade old–Ethereum celebrated its third anniversary on July 30 of this year, there is a lot of potential. Then again, the fall and rise, the fear and the boom of cryptocurrencies is part of the larger web characteristic of every tradable market out there.

This is why, Joseph Lubin, the Co-Founder of the Ethereum is upbeat about ETH gauging his optimism not on price but the number of blockchain based projects and the level of technology adoption. While talking to CNBC, Joseph went on and talked about regulatory intervention and how most blockchain based projects don’t need to operate under any form of regulation.

Though he acknowledged that regulators might be keen on bogging down blockchain projects as Bitcoin that transfer value, he opined that what is important for the market for the market to flourish is the adoption of self-regulation. This way, participants would be inclined more on building blockchain infrastructure that meet the demand of different applications and systems.

Lubin went on and said that government are beginning to understand the value of blockchain and what they can draw from it. This is why certain jurisdictions as Malta and Switzerland are applying favorable laws that are pro-blockchain and could spur similar adoption across countries.

Ethereum (ETH) Price Analysis

Weekly Chart

Ethereum Price Analysis

In the face of violent sell off, ETH is having a hard time following through last week’s events. It’s down three percent in the last week and could lose more if this sell off continue. Note that the consolidating market mean our last Ethereum trade plan is live because none of our trading conditions have been met. To reiterate, bulls will only be in charge once we see gains above $250 and later $300.

While bears would be in control should there be declines below the psychological $200 and $160. Since prices are stuck within week ending Sep 9 high low inside a $30 range set by close of last week, we suggest risk-on, conservative type of traders to hold off their trading activities until there are visible gains above key resistance or support levels.

Overly, we remain optimistic that bulls have an upper hand all due to Fibonacci retracement rules padded mostly by the current deep correction that threaten to reverse 2017 gains.

Daily Chart

Ethereum Price Analysis

The consolidation in higher time frames is clear in the daily chart. Here, it is clear that bulls are in charge and as prices range, we expect a follow through of Oct 15 bulls.

As such, our trade recommendation is simple for aggressive traders: buy at spot with stops at Oct 15 lows at $190. First targets remain at $250 and later $300.

As aforementioned declines that would see our stops hit would revert our stand back to neutral as traders wait for our main sell trigger at $160 to be hit.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: October 23, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 22, the ETH/USD pair was in a bearish trend. The bulls have been able to sustain the $200 price level since October 15. Yesterday, the bulls took price to the high of $207.93 and it fell to the low of $205.52 and commenced a range bound movement. The crypto’s price is in the bearish trend zone. However, if the bears break the $200 price level, the digital currency will find support at $191.16.

On the other hand, as the bulls continue their hold above the $200 price level; the digital currency can push to the high of $240. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: October 22, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Last week the ETH/USD pair was in a bullish trend. On October 15, the digital currency reached the high of $242.62 in a price rally but pulled back to the low of $214.31. Later, the crypto’s price fell to the low of $204.93 and commenced a range bound movement. Today, the crypto’s price is still ranging above the $200 price level.

Price of Ethereum is likely to continue its range bound movement as the 12-day EMA and the 26-day EMA are horizontally flat. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The crypto’s price likely to rise because the price is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Oct 20, 2018

ETH/USD Long-term Trend: Ranging

Resistance Levels: $350, $370, $390
Support Levels: $280, $260, $240

In the month of October, the Ethereum price was in a range bound movement. On September 21, the bulls reached the high of $251,67 and price fell to the low of $213.72 . The digital currency commenced a ranged bound movement at a price of $202.82 . The $200 price level is the major support level for the cryptocurrency.  Ethereum is currently ranging above the  $200 price level. Price is expected to rise at the support level. Traders should initiate long trades in anticipation of a  bullish trend.

Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: October 19, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 18, the price of Ethereum was in a sideways trend. On October 18, the digital currency fell to the low of $205 and commenced a range bound movement above the $200 price level. The $200 price level is the major support level for the price of Ethereum.

Therefore, the price is likely to be in a bullish trend. If the level holds, traders should initiate long trades above the $200 price level. Also, a stop loss order should be placed below the $200 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: October 18, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 17, the price of Ethereum was in a sideways trend. The digital currency is fluctuating horizontally above the $200 price level. Since the crypto's price is consolidating the price has remained almost the same. Traders will not be able to trade as the market is not trending but consolidating.

The crypto's price is in the  bullish trend zone and as such price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. If the digital currency falls below the $200 price level, Ethereum will be weak.


Ethereum (ETH) Daily Price Forecast: October 17, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 16, the price of Ethereum was in a sideways trend. There has been no significant price movement in the last 24 hours. The digital currency is fluctuating horizontally with the exponentials moving averages(EMAs). The crypto's price is fluctuating above the $200 price level which is the major support level.

As the market is in a range bound movement there is the possibility of an impending price breakout. However, trading is not recommended as the market is consolidating for a possible change in the market trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The digital currency is in the bullish trend zone as price is likely to rise. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Ethereum (ETH) Technical Analysis: October 16, 2018

Though ETH prices are up roughly two percent in the last day, we need to see strong gains above $250-$300 resistance for bulls to be in charge. But, that doesn’t mean traders shouldn’t capitalize on the general optimism reversing Oct 11 losses. In fact, we suggest risk off traders to begin loading at spot with first targets at $250 mostly thanks to the changing tide and entry of Wall Street mainstay in Fidelity Investment.

Latest Ethereum News

Fidelity Investment, a firm that oversees the management of trillions worth of assets, now have their focus on cryptocurrency. They will be launching a new cryptocurrency trading arm called the Fidelity Digital Asset Services specifically tailored for institutional investors. The firm has made it clear that aside from being a platform where they can simultaneously open trades through their smart order routing and internal crossing engine, the subsidiary will offer custodial services for their coin stash.

If anything, this entry by a Wall Street mainstay is a mark of approval which will further boost the confidence of investors who are unsure and reluctant to invest in high liquid digital assets as ETH. Already, the head of Fidelity Digital Asset Services said they are working with 13,000 institutional level investors. If successful, then it’s likely that the market will steady as extra liquidity is injected into the space.

In related news, DocuSign is integrating their Electronic Signature and Transaction Management Service with the Ethereum blockchain. The San Francisco based company has over 400,000 paying customers and the incorporation of Ethereum allows users to have their publicly verifiable records stored in the blockchain. It’s a perfect fit especially for subscribers who prefer have a neutral location for storing their contractual obligations and their intentions of further innovating in the space was laid bare after joining the Enterprise Ethereum Alliance and opening up a developer center.

Ethereum (ETH) Price Analysis

ETH Weekly Chart

Ethereum Price Analysis

Overly, the excitement across the market means ETH might steady and begin the long chart towards this year’s highs. But before sentiment take over, it’s better to have a solid look at the charts and realize that not only are ETH prices finding support from around last week’s lows but the truth is that sellers are in charge.

Technical and candlestick formations support this assertion and before we recommend bulls, we shall trade in line with our last Ethereum trade plan suggesting longs only when prices edge past $250 and $300 on the upper side. In the meantime, we shall take a neutral stand but with a bullish skew thanks to recent price action that saw the week start on a high.

ETH Daily Chart

Ethereum Price Analysis

On the daily chart, it’s clear that ETH is recovering thanks to yesterday’s explosion. Then, not only were aggressive traders stopped because of the sudden eruption but the rejection of lower lows from around the psychological supports at $200 cements makes it an important level in our analysis.

As such, we suggest risk-off traders to fade Oct 11 moves and buy at stops with first targets at $250. Safe stops should be at Oct 15 lows at around $190. However, conservative traders can begin loading once bulls breach the first level of resistance at $250.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: October 16, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 15, the price of Ethereum had a price rally where the crypto's price reached the high of $241.08 but price pulled back to the low of $ 216.46. Ethereum was resisted at the $230 price level and that price level had not been broken for about a month.

Price is now fluctuating above the $200 price level. The cryptocurrency is expected to rise  as  price is in the bullish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The digital currency is fluctuating horizontally above the $200 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.


Ethereum (ETH) Daily Price Forecast: October 15, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Last week, October 8, the price of Ethereum was at the $230 price level. The $230 price level was a resistance level for the price of Ethereum. The digital currency fell to the low of $188.13 but managed to recover. On October 12, the digital currency began fluctuating below and above the $180 price level.

Ethereum is expected to break upward the $200 price level so as to resume its uptrend movement. Traders are to look out for buy setups in order to initiate long trades. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum was fluctuating above the $200 price level. The digital currency fell to the low of $193.79 and commenced a bullish movement. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Ethereum (ETH) Long-Term Price Forecast: Oct 13, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $180, $160, $140

Last month of September, the price of Ethereum had been on a range bound movement. In September, Ethereum had an opening balance of $282.80 but fell to the low of $196.60. Later it commenced a range bound movement all through the month to close at a price of $228.62. In the month of October, Ethereum was in a range bound movement for ten days before the bearish trend.

Ethereum is currently trading at $199.78 as at the time of writing. Price is expected to rise as the digital currency has reached the oversold region.
Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: October 12, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, October 11, the price of Ethereum was in a bearish trend. The price fell to the low of $190.94 and commenced a bullish movement. The digital currency is below the major support level which is the $200 price level. The digital currency is trading at $194.13 as at the time of writing. Ethereum is in a bullish trend.

Ethereum is expected to break the $200 price level upward before it can resume its uptrend. Nevertheless, traders should initiate long trades as the bears have exhausted their bearish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price was previously falling.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The digital currency is making a bullish movement after Ethereum fell to its low. The 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: October 11, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 10, the price of Ethereum was in a bearish trend. Since the beginning of October, the bulls have succeeded in holding price above the $200 price level. Today, the bears have taken price from the high of $226.75 to the low of $199.41.

Price is likely to reach the previous low of $181.77. Traders are to look out for buy setups to initiate long trades in anticipation of a bullish trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. Price is falling and the critical support level is being broken. The MACD line and the signal line are below the zero line which indicates a sell signal. The Relative Strength Index period 14 is level 18 which indicate that the market is oversold signaling bear’s exhaustion and suggesting bulls to take control of market.


Ethereum (ETH) Daily Price Forecast: October 10, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 9, the price of Ethereum was in a bearish trend. The digital currency is continuing with its bearish trend. The ETH price is approaching the critical support level of price . If price breaks the $200 price level, then traders should look out for buy setups so as to initiate long trades. This is done in anticipation of a bullish trend.

The critical support level of the digital currency may face resistance because it is the lower level of price range. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The ETH price is falling and approaching the price at $225. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold signaling bear's exhaustion and suggesting bulls to take control of market!


Ethereum (ETH) Technical Analysis: October 9, 2018

The optimism around institutional involvement and price reversal is yet to filter through. In fact, at the moment, sell pressure though waning, influence price. ETH is down roughly one percent in the last week but up the same margin in the last day. Nonetheless we retain a neutral outlook until after there are clean thrusts above $250 or $300.

Latest Ethereum News

In a recent Medium article, Vlad Zamfir–an Ethereum developer, elucidated his vision on the hallmarks of a perfect blockchain and what the community should try to avoid to avoid potential corruption in a chain that is specifically designed to act as a public utility. Topping the list is prospect of capturing and censoring blockchain governance and later creating autonomy out of it.

Taking his stand against creation of an autonomous blockchain, Zamfir said “ethics and decentralization are independent” but the path towards decentralization is dangerous. This he says stems from the possibility of treating blockchain governance as a social obligation.

He further asserted his view saying that any form of blockchain governance capture shall erode the purpose of blockchain creation since it will take centralized efforts to revers the harm caused from decentralized approaches.

An autonomous blockchain according to Vlad will automatically lead to internet censorship which the community could end up regretting should it be allowed to proliferate. Such developments lead to “weaponization of autonomous blockchains”.

To avert such, he proposes a system where the overall blockchain governance is executed under global cooperation with applicable laws ensuring ethics and neutralization of possible governance centralization.

Ethereum (ETH) Price Analysis

ETH Weekly Chart

ETH Price Analysis

All things constant, ETH prices are stable. So stable are they that prices have been moving within a narrow $40 range in the last two weeks and shaving less than one percent in the last week. Of course, as it is, the community is expectant of price surges. And for good reasons.

First, there is a clear rejection of lower lows thanks to volume spikes of week ending Sep 23 lifting price with it. Secondly, the follow through has been positive for bulls as they continue to print higher highs in the last two weeks.

Needless to say, traders need to see strong buy or sell signals before loading up. As we mentioned before, bulls would be in charge once there are rallies above $250 and $300. Before then, there is a risk of prices sliding towards $200 because of the overbearing week ending Sep 9 bear bar.

ETH Daily Chart

ETH Price Analysis

Back to the daily chart and the trajectory is clear. ETH bulls have been successful in maintaining an upward trajectory in the last month but are still trading below $250.

When we paste a Fibonacci retracement between last month’s high low, then we the 61.8 percent retracement level coincides with our immediate resistance and bull trigger at $250.

That’s how important that price level is in our analysis. To reiterate, we shall take a neutral position. However, any bear moves below the minor support trend line of the last month could usher in the next wave of sell pressure aiming for $150, and lower.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: October 9, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 8, the price of Ethereum was in a bullish trend. The digital currency had a marginal price movement. The bears erased the marginal price increase. The purported bullish movement was resisted and price fell to its previous level at $229. Later it commenced a range bound movement.

If the bears continued its bearish movement, the digital currency will fall to the critical price level at $200. Meanwhile, the MACD indicator indicates that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The ETH price is ranging above the $220 price level after its fall from the high of $231. The Relative Strength Index period 14 is level 59 which indicates that price is in the sideways trend zone.


Ethereum (ETH) Daily Price Forecast: October 8, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Last week the price of Ethereum was in a sideways trend. There has been no significant price movement as the digital currency moves in a horizontal pattern. The digital currency fluctuates between the levels of $225 and $ 233. A trade recommendation during a period of consolidation will lead to a loss of capital because the market is not trending.Today the price of Ethereum is likely to rise to reach the highs of $240 price level.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is rising.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum fell to the low of $220 and rose to the high of $225. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is rising.The MACD line and the signal line are above the zero line which indicates a buy signal.The Relative Strength Index period 14 is level 82 which indicates that price is in the bullish trend zone.


Ethereum (ETH) Long-Term Price Forecast: Oct 6, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

The overall trend for the price of Ethereum was bearish. The cryptocurrency had been on a downward trend from the beginning of the month. The ETH price has an opening balance of $282.80 which fell to the low of $ 228.62. In the other words, a depreciation of  about 19.15% of the price of Ethereum. However, in the first week of October, the digital currency is fluctuating above the $200 price level. The $200 price level had been the critical support level of Ethereum.

Traders are to look out for buy setups in order to initiate long trades. Meanwhile, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 36 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: October 5, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 4, the price of Ethereum was in a bullish trend. The digital currency reached the high of $225.60 and was resisted. The ETH price failed to reach the high of $240 but it is now range bound above the $220 price level. Today, the digital currency is likely to continue its fluctuations above the $200 price level pending a price breakout.

There will be no need for trade recommendation as the cryptocurrency is range bound. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: October 4, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 3, the price of Ethereum was in a bearish trend. The ETH price fell from the high of $230.11 to the low of $ 217.32 and commenced a bullish movement. The $200 price level is the major support level of Ethereum, therefore traders should initiate long trades at this level in anticipation of a bullish trend.

The ETH price is expected to reach and break the resistance at $240. The price of Ethereum is trading at $225.57 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates an a buy signal.


Ethereum (ETH) Daily Price Forecast: October 3, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 2, the price of Ethereum was in the bearish trend. Today, price fluctuation is over because the cryptocurrency is in a bearish trend. Price of the digital currency is now approaching the $200 price level. In this bearish trend, the critical support of the $200 price level is likely to be tested or broken. This will result in the digital currency falling to the low of $170.57.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 35 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The ETH price is moving toward the critical support level of $200. The price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Technical Analysis: October 2, 2018

Ethereum related news remain bullish and just recently, the Austrian government used the platform to auction their bonds. On the other hand, ETH prices are bearish, failing to close above $250 despite three weeks of higher highs. Because of the way candlesticks are arranged, we retain a bearish to neutral stand until after our trade conditions are met.

Latest Ethereum News

Here’s a unique property of Ethereum as a platform: it allows for normal, day to day users to appreciate the powers of blockchain technology.

As a smart contracting platform, the value of Ethereum depends on use because the coin isn’t a cryptocurrency per say. The native coin on the platform, ETH can thrive on its own ecosystem. That’s the reason why many analysts and market influences as Jeremy Rubin, the CTO of Stellar platform thinks the full potential of Ethereum is yet to be explored. Though he is negative on price because of this independence, Ethereum is an influential platform especially for dApp developers and start ups seeking to raise funds through initial coin offerings or crowdfunding.

Recently, it was announced that the Austrian government will make use of the Ethereum blockchain to auction $1.35 billion worth of government bonds. A bank, Oedrerrichische Kontrollbank (OeKB) will oversee the auction on behalf of the government. This comes months after the Austrian government set up the FinTech Advisory Council at the Ministry of Finance allowing Austrians to reap maximum benefits from technological developments.

Austria is not the only country looking at Blockchain. Malta, fondly described as a “Blockchain Island” is trailblazing as far as adoption of blockchain and cryptocurrencies is concerned. That’s aside from Switzerland, Russia, Singapore and UAE that in one way or another are incorporating this nascent technology for better service delivery.

Ethereum (ETH) Price Analysis

ETH Weekly Chart

Ethereum Price Analysis

Despite obvious upside resistance, ETH prices are up eight percent in the last week. At the back of strong bull pressure and two weeks of back to back gains complete with spike in market participation, ETH is towing with the general market sentiment. From candlestick arrangement, we have our reservation for bulls. Notice that even after three weeks and sharp volume increase by week ending Sep 23, buyers didn’t generate enough momentum to clear week ending Sep 9 losses or $250, the lower limit of our resistance zone.

Because of this, there are high odds that bears are still in charge and with every higher high, there is seller liquidation suppressing prices. Aside from that from an effort versus result point of view, sellers are in control because even after three weeks of higher highs, buyers didn’t reverse losses from a single bearish engulfing bar dropping from $250.

ETH Daily Chart

Ethereum Price Analysis

This is the fifth day of horizontal consolidation in the daily chart. At this time, not only are prices below the first buy trigger at $250 but they are trending inside Sep 27 bull bar. This lack of volatility cements out neutral to bearish stand and from our previous Ethereum price analysis, we recommend patience aware that there is an overshadowing, selling effect of Sep 5 bearish engulfing bar which buyers are yet to shake off.

So, in days to come aggressive traders can exploit current sentiment and buy at spot rates but with tight stops at $200 or Sep 27 lows. Remember, any close below $165 or Sep lows will automatically trigger the next wave of sell pressure eying $75.

On a more optimistic approach, gains above the upper limit of our resistance zone $300 or Sep 25 high will be inviting for bulls aiming for $400.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: October 2, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 1, the price of Ethereum was in a sideways trend. The ETH price fluctuates and moves horizontally above the $200 price level. The market is quiet as there was no significant price movement. The bulls and the bears seem to pause as the price bars and moving averages are moving in a horizontal pattern. Trade recommendation is unnecessary as the price action is very choppy.

Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a  sideways trend is ongoing. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The ETH price is also moving horizontally with the price bars. The price of  Ethereum is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: October 1, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Last week the price of Ethereum was in a bearish trend. The ETH price fell to the low of $ 213.71 and commenced a bullish movement. Today, the bullish trend is continuing as the price tests the trend line. In a bullish trend, if price retraces from the recent high and tests the trend line, traders can initiate long trades. However, if price breaks the trend line the current bullish trend will be over.

Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy  signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The ETH price fell to the low of $228.62 and commenced a bullish movement to the high of $234.49. The price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Long-Term Price Forecast: Sept 29, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $260, $280, $300
Support levels: $200, $180, $160

The ETHUSD pair had been bearish all through the month of September 2018. On September 1, the ETH price has a balance of $282.80. On September 2, the digital asset was resisted and it fell to the low of $181.77. Thereafter the price of the digital currency had been range bound between the levels of $200 and $250. Presently, the price of Ethereum has depreciated by 23.37% and it is fluctuating above the price of $200.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 35 which indicates that the market is oversold suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: Sept 28, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, September 27, the ETHUSD pair was in a bullish trend. Initially, the price fell to the low of $209.75 and commenced a bullish movement. The bulls had been able to defend the critical support of $200. Today the bullish trend is continuing and the price is approaching the $230 price level.

As the digital currency progress, it may face resistance at the $240 price level. However, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength  Index period 14 is level 60 which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The digital currency was fluctuating above the $215 price level before embarking on a bullish trend. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Sept 27, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, September 26, the ETHUSD pair was in a bullish trend. Price of the digital currency had been fluctuating above the $200 price level. Then at a price of $211.27, the ETH price made a bullish movement to the high of $222.39. Presently, the cryptocurrency is in a range bound movement and price may face resistance at the $220 price level.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The digital currency is fluctuating between the levels of $200 and $220. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Sept 26, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, September 25, the ETHUSD pair was in a bearish trend. The digital currency has been in a downward trend in the last four days because it had resistance after price reach the high of $251.67. The price has now reached the critical support level which is the $200 price level. Today, the digital currency is now fluctuating above the critical support level. If price breaks the critical support level, the cryptocurrency will find support at $175.69.

On the hand if the level holds traders should initiate long trades in an anticipation of a bullish trend. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The digital currency is fluctuating above the $200 price level. The price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Technical Analysis: Sept 25, 2018

It appears that the same velocity that drove prices towards $300 is being applied by sellers. At spot rates, Ethereum is down nine percent in the last day reversing Sep 21 gains. It’s deflating for bulls because at this rate we could potentially see ETH printing $160 triggering sells if buyers fail to find support. Either way, we are banking on platform specific developments to boost prices and probably generate enough momentum for bulls to close above key resistance levels.

Latest Ethereum News

Still, the Ethereum network continues to be an on-demand platform drawing countless start-ups seeking to crowdfund. It was the same start-up and fund-raising model that proved to be the very undoing of Ethereum. While network security grew, the influx of dApps running on the platform meant the world computer went on overdrive leading to spikes in GAS Fees and transaction confirmations.

These problems stem from Ethereum limitation to scale all thanks to the inherent properties of the network as proof of work consensus algorithms that demand every node to participate in network related activities.

Several proposals are being addressed by the Ethereum Foundation after Vitalik’s call to make 2018 a theme year for devising and implementing solutions to increase TPS. A stand out in recent days has been ZK-SNARKs, a zero-knowledge technology that ZCash make use of.

According to Vitalik, use of the above technology can scale the network upwards of X50 without necessarily using layer-2 solutions as Raiden, Plasma or Shards. The latter, in his view allows for he calls liveness assumption while ZK-SNARKs allows for “mass-validation of transactions” by introducing Relayers and Transactors.

In a post Vitalik said:

“A relayer takes a set of operations from transactors, and combines them all into a transaction and makes a ZK-SNARK to prove the validity, and publishes the ZK-SNARK and the transaction data in a highly compressed form to the blockchain. A relayer gets rewarded for this by transaction fees from transactors.”

Ethereum Price Analysis

Weekly Chart

Ethereum Price Analysis

Technically, Ethereum is on down trend and trading along Week ending Sep 9 bear candlestick. Though the market is upbeat and expectant a follow through of last week’s higher highs, the fact that bulls didn’t build enough momentum to clear $300 and even $250 on the lower side is a great concern.

As it stands, it’s likely that sellers would run reign in coming weeks if we factor in the strength of bears and the inability of buyers to reverse week ending Sep 9 losses even after two weeks of higher highs that saw prices climbing back from $160.

In any case, we recommend staying neutral going forward with buy and sell triggers anchored at $300 and $160 on the lower side.

Daily Chart

Ethereum Price Analysis

The failure of bulls to close above $250 did weigh negatively against bulls and as it stands, sellers are back in contention shedding nine percent in the last day. What this means is that prices are now below Sep 21 lows and poised to clear Sep 17 lows reversing last week’s gains in the process.

If that happens this week, then bears are likely to trigger our sells positions at $160 and this could further reinvigorate sellers aiming at $100 and even $75.

On the reverse side, bulls can build momentum at spot prices and thrust prices above $300 ushering in a new wave of longs that could potentially drive prices towards $400.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Sept 25, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $300, $320, $340
Support Levels: $200, $180, $160

Yesterday, the price of Ethereum was in a range bound movement. The range bound movement was as a result of the resistance at $254.61 where price pullback to the low of $232.70. At this level, the digital asset commenced a range bound movement up till September 24 before falling into a bearish trend. The  digital currency is on a downward trend and it’s approaching the critical level at $200 price level.

If price breaks this level, the ETH price will depreciate to the low of $192.50. If the critical support level holds, traders should look out for buy setups to initiate long trades. Meanwhile, the MACD line and the signal line are below the zero line which indicates a buy signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 29 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the ETH price is in a bearish trend. The ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Sept 24, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $300, $320, $340
Support Levels: $280, $270, $260

Last week price of Ethereum was in a range bound movement. On September 17, the digital currency fell to the low of $194.62 and pulled back to the high of $207.54 to commence a range bound movement up till September 20.

On September 21, the price of Ethereum had a bullish movement to the high of $ 254.61. This was repelled and the price went into a range bound movement at a price above $240. Today, the ETH price is in a downward trend.

Price of Ethereum may likely reach the previous low of $220.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the ETH price is in a bearish trend. The ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Sept 22, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support levels: $200, $180, $160

The ETHUSD pair is currently in a range bound movement. In the month of September, the price of Ethereum was bearish in the first eleven days. The ETH price with an opening balance of $ 282.80 reached the high of $302.20 and was resisted at the $300 price level. The price fell to the low of $169.75 and commenced a range bound movement. Presently, the ETH price is fluctuating above the $220 price level.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 35 which indicates that the market is oversold suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: Sept 21, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, September 20, the price of Ethereum was in a sideways trend. The price was fluctuating above the $200 price level. Today, the ETH price is in a bullish trend as the price reached the high of $222.77. The digital currency is now in the previous range bound zone of $220-$280.

If price fluctuates in the previous zone, then we adopt a range bound strategy to trade until price breaks these levels. This is to enable us to earn partial profits as price ranges. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend ongoing. The Relative Strength Index period 14 is level 65 which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The price of the digital currency reached the high of $224.74 and commenced a range bound movement. The price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Sept 20, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, September 19, the price of Ethereum was in a range bound movement. The price action is in a horizontal pattern. Yesterday, the ETH price had a price spike. The price went down to the low of $195.78 and at the same time went up to the high of $213.86. Thereafter it resumed its horizontal price movement above the $200 price level.

Price will continue its range bound movement pending a possible breakout.Nevertheless, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Ethereum is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing. The Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. On the short time frame, the price is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal.


Ethereum (ETH) Daily Price Forecast: Sept 19, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, September 18, the price of Ethereum was in a bullish trend. As the cryptocurrency fell to the low of $194.62, the price commenced a range bound movement. The $200 price level was supposed to be the major support level but was broken by price. Now at the support level, a bullish trend has risen and it is approaching the price at $212.24. The price of Ethereum is now in the previous range bound zone.

Today, if the bullish trend continued, the cryptocurrency would reach the upper level of price range which is the price at $ 280. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 53 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. On the short time frame, the price is above the 12-day EMA and the 26-day EMA which indicates that price rising. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Technical Analysis: Sept 18, 2018

Perhaps Arthur Hayes “punting” advice and ETH margin trading is after all affecting Ethereum prices negatively. On Sep 17, a single high volume candlestick did slash prices from $220 to $205 threatening to reverse last week’s gains and confirming effects of Sep 5 losses.

Should today end up bearish, odds are we might see another unforgiving run towards $150 if not $75 before the end of the year.

Latest Ethereum News

Decentralization and diffusion of power is the core of crypto. That’s why centralized exchanges though inevitable—and an important primer in the space—continue to wield power neutralizing the overall objective of cryptocurrency as a disruptor of such arrangements. It’s along this vein that BitFinex backed ETHFinex Timeless are launching with a clear goal of bringing back security, privacy and power back to the deserving user. The DEX has already processed about $140 million worth of ETH without clogging the Ethereum network from where it runs shortly after launching.

Once the platform runs in full steam, the exchange will do away with KYC requirement that regulators have imposed on exchanges and even ShapeShift. Most importantly though, traders would transact on chain and enjoy deep liquidity doing away with market making entities and order book.

Neutralizing this wonderful development is reports that the general Ethereum hash rates continue to plummet as Ethereum prices plummet. Of course, this was expected because the majority of Ethereum miners are business people disillusioned by recent ETH reward slashes but mostly by the drop of prices than makes mining unprofitable.

The drop from 294 TH/s to 256 TH/s makes it the largest shrink of hash power since inception. Worse still, the business remains competitive and as more file for bankruptcy more will get burnt if the reservation demand of ETH continues to reduce as ICO fund managers liquidate ETH to oil their projects.

Ethereum Price Prediction

Weekly Ethereum Price Charts
Ethereum Price Analysis
Weekly Ethereum Price Charts by Trading View

Fading last week’s gains are high volume declines that clipped profits from 10 to less than five percent week over week by yesterday’s close.

If anything, what is happening in the weekly chart is nothing but normal as bears simply follow through events of week ending Sep 9 bear candlestick.

Last week’s gains as emphasized in previous ETH price analysis were but retests printing in deep bear declines completing a typical effort versus result scenario.

Because of yesterday’s dips, we recommend selling on pull backs with modest targets at $150.

Daily Ethereum Price Charts
Ethereum Price Analysis
Daily Ethereum Price Charts by Trading View

There are two ways of trading in this time frame. With realization that prices are in a deep bear cycle, trading with the trend means shorting on every high in lower time frames.

First, traders can sell at spot prices in line with yesterday’s spike in market participation that saw ETH prices drop after periods of consolidation in the second half of last week with targets at Sep 12 lows at around $170.

If today ends up bearish then our previous Ethereum price analysis would be nullified. Ethereum conservative traders on the other hand can trade only once there are break out below $165 with ambitious targets at $75.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Sept 18, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $220, $240, $260
Support Levels: $180, $160, $140

Yesterday, September 17, the price of Ethereum was in a bearish trend. The cryptocurrency had been in a bullish trend and was rising to the high of $225.20 before its eventual fall to the low of $194.62. Price has broken the critical support level of $200 which is the major support level. However, today price is respecting this critical level and it is in a sideways trend.

Traders are to initiate long trades in anticipation of a bullish trend and a stop loss orders at a price of $188.78. Price is expected to rise. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The ETH price has fallen to its low and it is now in a range bound movement at a price of $197.11. On the short time frame, the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Sept 17, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Last week the price of Ethereum was in a bullish trend. The price fell to the low of $175.69 and commenced a bullish movement. The digital currency is making a series of higher highs and higher lows. After each retracement, the ETH price resumes its bullish movement. Price is now in the previous price range and approaching the upper level of price . A bullish trend line is drawn, traders can initiate long trades if price tests and bounces back on the trend line.

The cryptocurrency is expected to rise again but will face resistance at the $ 280 price level. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 60 which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend.Price of Ethereum is rising because the 12-day EMA and the 26-day EMA are below the price of the cryptocurrency. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Long-term Price Forecast: Sept 15, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $230, $250, $270
Support levels: $200, $180, $160

The price of Ethereum had been bearish in the month of September. With an opening balance of $282.80, the cryptocurrency fell to the low of $175.68 in the first eleven days of the month. In the subsequent four days, the cryptocurrency became bullish; which resulted in a price of $216.48. Today, the ETH price has been depreciated by $23.45%. The price of Ethereum is currently trading at a price of $216.48. The price is above the critical support level of $200 and which is expected to rise.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: Sept 14, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, September 13, the price of Ethereum was in a bullish trend. In the bullish trend, the price reached the high of $211,68 and was resisted. The Bulls overcame the price and traded above the $200 price level. The cryptocurrency is expected to rise again but will face resistance at the $ 280.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 58 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The ETH price is making a series of higher highs and higher lows.Price of Ethereum is rising because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Sept 13, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, September 12, the price of Ethereum was in a sideways trend. The price of Ethereum fell to the low of $167.32 and commenced a sideways trend. Later it made a bullish movement to the previous high. Today, the cryptocurrency is likely to face resistance at the price of $192.64 .

The price of Ethereum is likely to reach the $200 price level if the resistance is overcome. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The MACD lines are all bullish. Price of Ethereum is rising because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: Sept 12, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $200, $220, $240
Support Levels: $160, $140, $120

Yesterday, September 11, the price of Ethereum was in a bearish trend. The price of Ethereum fell to the low of $175.69. Today, the cryptocurrency is in a bearish trend. Price has broken the major support level of $200. Price is likely to test the next support level which is $160 price level.

If price reaches the next support level, that would probably be the first low since the beginning of the year.Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 22 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. Price of Ethereum is falling because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Technical Analysis: Sept 11, 2018

The slide of Ethereum has been profound. In the last week, ETH has shed more than 30 percent with several theories claiming that this is due to ICOs cashing out. While there has been no substantive evidence supporting that claim, what is in the public domain is ETH mining and how it is quickly becoming a loss-making venture. The result has been deflated miners and a drastic drop in the network hashing power which isn’t good for the overall network performance.

News Highlights

No doubt, initial coin offerings (ICOs) were and continue to be an ingenious method of raising funds for blockchain start-ups. In-fact the whole ICO craze did pick up around Q2 of 2017 with the market literally blowing off late last year and early 2018. This year alone $25 billion were raised with EOS and Telegram forming 25 percent of the total funds collected. However, fast forward eight months later and the market is literally cooling off, printing huge losses for those who bought at tops.

As a result, what we are witnessing are stuck blockchain projects and even promising and well capitalized start-ups as EOSIO are feeling the bear pinch. The result has seen the rapid depreciation of Ethereum, the main ICO platform where most of these funds were raised from, sliding to record levels.

What’s fast tracking the decline in the second most valuable coin in the world aside the dip in Bitcoin valuation are ICO fund managers who are cashing out. Of course, the drop from $1,400 to $200 has been painful to watch and more so, it has been terrible for fund projects that had too much exposure to cryptocurrencies as Bitcoin and ETH. They now have to work under a shoe string budget which has some not so experienced fund managers worried.

It’s a no brainer: with every ETH liquidation, its price continues to dip. Other than ICOs loss of faith, the sentiment is generally negative and with dropping ETH prices, mining profits are diminishing in the face of electricity costs and auxiliaries. This further damps network hashing rates and the overall security of the network.

Ethereum (ETH) Technical Analysis

Weekly Chart
Ethereum (ETH) Technical Analysis
Ethereum Weekly Chart by Trading View

After a 2-3 months of consolidation between Q2 and 3 of this year, ETH break out in early August did trigger vicious bears. As evident from the charts, not only did we see injection of trading volumes during that time but the simple fact that it took less than six weeks for Ether prices to be halved from $400 to $200 is mind boggling.

Following last week’s 33 percent value erosion mainly originating from Sep 5 short selling, prices are now trading below $250 minor support and $200. That’s only $50 away from our main support and bear targets at $150. If anything, we shall retain a bearish stand going forward and with last week’s high volume, wide trade range candlestick cementing sells, any form of higher highs retesting $250 is another opportunity to short in lower time frame.

Daily Chart
Ethereum (ETH) Technical Analysis
Ethereum Daily Chart by Trading View

Even though prices have been steadying in the last few days, we shall anchor our analysis on Sep 5 bearish engulfing candlestick. From the chart, we notice that the candlestick did drive ETH prices below $250, our previous minor support line triggering sells in the process.

Typical with these forms of price break downs, two scenarios may pan out: First, prices might recover. When they do, we recommend waiting for reversal patterns at around $230 to $250 zone. Once a sell signal print, sellers should jump in and place their stops at $260. Secondly, prices may dip today. In that case, proper sell triggers are at $180-$185 zone. Any drop below this zone and sellers can take shorts with targets at $150 or lower with stops at $200.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Sept 11, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Yesterday, September 10, the price of Ethereum was in a bearish trend. In the bearish trend, the major support level of $200 was broken by the price spike. The price was $196.60 as at yesterday. Today, the cryptocurrency is still ranging at the same price of $196.32. There wasn’t any significant price movement.

The ETH price is expected to be in range bound movement. And if the cryptocurrency engages in a range bound movement, it is preparing itself for another breakout. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. Price of Ethereum is falling after a bullish movement. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Sept 10, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $180, $160, $140

Last week the ETH price was in a bearish trend. On September 5, there was a bearish price spike that led price to fall to the low of $211.11. Thereafter, price commenced a range bound movement and fell again to the low of $184.92. Price has broken the major support level of the price of Ethereum which is the $200 price level.

Traders are to initiate long trades at the current price in anticipation of a bullish trend. The price of Ethereum is expected to rise.Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 28 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Sept 8, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $230, $250, $270
Support levels: $200, $180, $160

The price of Ethereum was in a sideways trend at the beginning of September 2018. The ETH price was fluctuating between the levels of $320 and $260 with an opening balance of $282.80. The bears resisted price at $299.38 and brought price to the low of $ 225.29.The price broke the lower level of the previous price range which is $260. As the bearish pressure subsided, the ETH price is now ranging at a price $216.40.

The price of Ethereum is likely to rise because the price has reached the critical support level at $200.Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: Sept 7, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $220, $200, $180

Yesterday, September 6, the price of Ethereum was in a bearish trend. The ETH price fell to its previous low of $211.11. The cryptocurrency appears to have ended the bearish pressure as the price went into a range bound movement. Traders should know that we buy low and sell high. Therefore we should initiate long trades above and stop-loss orders below the $200 price level.

As the positions reach a profitable status then we can bring our stop-loss orders to breakeven point. The price of Ethereum is expected to rise. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 26 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The cryptocurrency is fluctuating below and above the $230 price level. Price of Ethereum is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Sept 6, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $250, $270, $290
Support Levels: $200, $180, $160

Yesterday, September 5, the price of Ethereum was in a sideways trend. The price was fluctuating between the levels of $320 and $260 before the advent of the bearish breakout. Now that price has broken the lower level of a price range which is $260, the cryptocurrency has fallen to its low at $212, the first low since the beginning of this year. The price pulled back when the price fell to the low of $212.

Traders are to look out for buy setups to initiate long trade as soon the bearish pressure is over. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 13 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a sideways trend. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: Sept 5, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Yesterday, September 4, the price of Ethereum was still in a sideways trend. The price of Ethereum is still in a tight price range. The cryptocurrency was in a downward trend yesterday. Today, it is making a bullish movement within the price range. Traders should wait to initiate a short trade if the price reaches the upper level of price range which is $320.While a stop loss order be placed above the $320 price level.

On the hand, a long trade should be initiated if price gets to the lower level of price range which is $260. While a stop loss is placed below the $260 price level. In addition, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a beraish trend. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Technical Analysis: Sept 4, 2018

Constantinople, Miner rewards and now Joseph Lubin report appear to be bogging down prices. Though there appears to be an accumulation in the daily time frame, a top down perspective overshadows this recovery and might even deflate bullish attempts more so if there is a deep below $250.

News Highlights

In recent weeks, coin specific FUDs have been sprouting almost on a daily basis. While some have a solid argument as they elaborate their controversial stands, most are baseless designed to spur market wide participation—if not criticism. However, even in the midst of all these, some are worth the attention enthusiasts especially when it comes from a proven market influencer and part of the core team of perhaps one of the most valuable coin the world.

Jeremy Rubin of Stellar fits in this category and when he says Ethereum is losing track and that ETH as a digital asset will be worthless in coming days, the community should better heed.

In a report released yesterday, he said Ethereum as a smart contract platform shall survive while ETH, the facilitating coin in the tokenization platform has no value proposition and dependent on tokens Gas payment.

This according to his analysis is creating a system that dependent on GAS payment denominated in ETH. As an alternative, he proposes an Economic Abstraction system where alternative payments can be made in non-ETH tokens.  He further insists that miners are somehow forging this cartel forcing platform users to pay GAS denominated in ETH but once this fails to happen and users are allowed to pay using any of the hundreds of token in the ecosystem, then there will be no reason for ETH to be valuable.

Ethereum Technical Analysis

Weekly Chart
Ethereum (ETH) Technical Analysis
Ethereum Weekly Chart by Trading View

The market is on dopamine, the good feel state and unfortunately that can be blinding for many trigger happy on seeing the ETH market stabilizing. On a more sober approach, ETH bulls have a long way to prove before traders can begin taking long positions on every pull back in lower time frame.

First, notice that week ending Aug 12 candlestick continue to define price movements and in the after math of that bear candlestick, a bear break out trade pattern went live.

Secondly, should prices recover—and they might—then it would be short lived mostly because of low trading volumes backing these higher highs and the general expectations of a trend resumption in line with the bear break out pattern dicta. Odds are we might be in the early stage of a retest phase more so if this week ends up higher.

Daily chart
Ethereum (ETH) Technical Analysis
Ethereum Daily Chart by Trading View

In this time frame, the market might be accumulating or distributing—depending on the direction of break-out and as they do, break out momentum builds. Considering the general sentiment, many are expecting a break above $330 or Aug 17 highs with targets at $400 on the upsides.

However, since the market is on an eight month bear slide, we might see a disappointing clip of bulls as prices dip below $250 as bears aim for $150. Before any of this happen, we recommend a neutral stand.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: Sept 4, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Yesterday, September 3, the price of Ethereum was in a range-bound zone fluctuating between the levels of $ 320 and $260. Traders were advised that in a ranging market a cryptocurrency be could be traded by trading the upper and lower level of prices until the digital currency come out of the range-bound zone. Today, the price of Ethereum is range bound and the market is quiet.

In the last three days, the price of the cryptocurrency has been stable below the $300 price level. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is neither below nor above 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Ethereum (ETH) Daily Price Forecast: Sept 3, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Last week the price of Ethereum was in a sideways trend. Price was fluctuating between the levels of $320 and $260. At the upper level of price range, the cryptocurrency was resisted at a price of $297.53 and $296.20 and price fell to the lows of $274.83 and $276.20. On August 31, the cryptocurrency made a bullish movement to the high of $299.44. Today, price is falling from the high of $299.44.

In a ranging market, traders should initiate trades at the upper and lower level of the range bound zone. If traders initiate a short trade at the resistance of $299.44, traders would make partial profits as price falls to the lower level of  price range. If price fell to the lower level of price range, a long trade should be initiated. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Ethereum (ETH) Long-Term Price Forecast: Sept 1, 2018

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $280, $260, $240

On August 1, the price of Ethereum was in a bearish trend with an opening balance of $ 431.86. The cryptocurrency depreciated and reached its lowest level and closed at a price of $257.58. This means that the price of Ethereum has depreciated by 40.35 %. However, since August 14, the price of Ethereum has been fluctuating between the levels of $320 and $260. Price has not broken the upper and lower range of the price. Traders who initiate trades at the upper and lower range of the price will make partial profits. Price is approaching the upper level of the price range.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 3 which indicates that the market is oversold suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: August 31, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $300, $320, $340
Support Levels: $280, $270, $260

Yesterday, August 30th, the price of Ethereum was in a downward trend. On August 29, the cryptocurrency was unable to break the upper level of the price range. The price has now fallen to the low of $274.83. Today, the ETH price is ranging at a price of $280.83 between the levels of $320 and $ 260.

Traders should initiate long trades if the ETH price revisits the lower level of the price range.Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26 -day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 43 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the ETH price is in a sideways trend. The ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: August 30, 2018

ETH/USD Medium-term Trend: Rang: Ranging

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Yesterday, August 29th, the price of Ethereum was in a bullish trend. The ETH price was unable to reach and break the upper level of a price range. The cryptocurrency reached the high of $297.53 and later fell to the low of $284.02. The price of Ethereum is range bound between the levels of $260 and $320 since August 17. Today, the price of Ethereum has fallen to its range bound movement.

The ETH price is likely to fluctuate within the confinement of its range. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Ethereum (ETH) Daily Price Forecast: August 29, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Yesterday, August 28th, the price of Ethereum was in a bullish trend. It was assumed that if price broke the upper range of the zone the cryptocurrency would reach the highs of $350 and $400. On the other hand, if the price was resisted, traders should exit their long trades. Today, the cryptocurrency is yet to break the upper level of the range bound zone, rather price is being resisted at the upper level.

The ETH price is likely to fluctuate between in the zone pending when price breaks the upper level. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 66 which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is rising.


Ethereum (ETH) Daily Price Forecast: August 28, 2018

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $300, $320, $340
Support Levels: $280, $260, $240

Yesterday, August 27th, the price of Ethereum was in a sideways trend. The market was relatively quiet and the price was at the lower level of the range bound zone. Today, the ETH price is in a bullish trend approaching the upper level of the range bound zone. If price breaks the upper level of the range bound zone price will reach the highs of $350 and $ 400.

On the other hand, if the bulls were resisted at the upper level, then price would fall and continue its range bound movement between the levels of $320 and $260. Traders should also exit all their long trades. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of ETH is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 61 which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the ETH price is in a bullish trend. The ETH price is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


Ethereum (ETH) Daily Price Forecast: August 27, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $280, $285, $290
Support Levels: $270, $265, $260

Last week the price of Ethereum was in a sideways trend. The cryptocurrency fluctuates between the levels $320 and $260. On August 22nd, the price reached the high of $288.06, but the bears' pullback price to the lower  range of the zone. Price is still in the lower range of the zone. Today, the ETH price is range bound and the market is quiet. Price of the cryptocurrency is still the same as it was last week.

Price will fluctuates the same way in a couple of days to come. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 42 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the ETH price is in a sideways trend. The ETH price is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Long-Term Price Forecast: Aug 25, 2018

ETH/USD Long-term Trend: Ranging

Supply Zone: $330, $340, $360
Demand Zone: $260. $240, $220

The bearish trend made the ETH price to reach the oversold region of the market. The price of Ethereum reached the low of $ 260 and is now in a sideways trend. The digital currency is range bound between the levels of $320 and $260. The price of the digital currency is currently at $280 as at the time of writing . The price is likely to fluctuate within the range bound zone in a couple of days to come. Therefore you can trade the key levels.

If the support level at $260 is holding traders should initiate long trades and exit near the resistance zone. Nevertheless, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicate that the bearish pressure is ongoing. The Relative Strength Index period 14 is level 36 which indicates that the market is oversold suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: August 24, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $277, $278, $279
Support Levels: $274, $273, $272

Yesterday, August 23, the price of Ethereum was in a sideways trend. In its range bound zone, the ETH price rose to the high of $288.06 and price pullback to the low of $ 265.48. Yesterday, the price of Ethereum closed at a price of $ 272.94. Today, the market is still in a sideways trend and there is no significant price movement.

The ETH price is currently trading at $274.32 as at the time of writing. Price will continue its fluctuations within the levels of $320 and $260 in days to come. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 44 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the ETH price is in a sideways trend. The ETH price is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is in a sideways trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal.


Ethereum (ETH) Daily Price Forecast: August 23, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $275, $276, $277
Support Levels: $270, $269, $268

Yesterday, August 22, price of Ethereum was in a sideways trend. In the case of Ethereum, price fluctuates between the levels of $320 and $260. Therefore, yesterday price reached the high of $288.06 and price pullback to the low of $265.48. The price of Ethereum has resumed a range bound movement within the range bound zone.

It is expected to reach the high of $320. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend. The Relative Strength Index period 14 is level 43 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the ETH price is in a sideways trend. The ETH price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. In the lower time frame, the MACD line and the signal line are below the zero line which indicates a sell signal.


Ethereum (ETH) Daily Price Forecast: August 22, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $285, $286, $287
Support Levels: $280, $279, $278

Yesterday, August 21, the price of Ethereum was in a sideways trend. In a sideways trend, the price fell to the low $274.25 and made a bullish movement to the high of $299.01. Today, price of Ethereum is now in the bullish trend trading at $290.61 as at the time of writing. The price of the cryptocurrency will fluctuate within the range-bound levels of $320 and $260.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the ETH price is in a bullish trend. The ETH price is above the 12-day EMA and the 26-day EMA which indicates that price is rising. On the chart, the RSI indicated that price has entered the bullish trend zone. It is a confirmation that price will rise.


Ethereum (ETH) Technical Analysis: August 21, 2018

Regardless of recent price falls, fundamentals continue to paint a positive picture for Ethereum. In a bid to quash rumors, Vitalik took on Twitter explaining details about Casper FFG and their difference with Casper CBC developer, Vlad. And even if the community wants to see implementation of Casper as soon as possible, the US Senate will have a hearing to see how blockchain would influence future electricity prices.

News Highlights

Part of the reasons why Ethereum’s core development team is serious about shifting from Proof of Work to Proof of Stake—Casper and Serenity—consensus algorithm is due to the high cost of reaching consensus. Electricity costs are sky rocketing and this despite attempts by chip manufacturers to create energy efficient miners.

It’s because of this sole reason that the US Senate will have a seating and discuss the impact of blockchain on energy prices and if it is beneficial to the economy at the Committee on Energy and Natural Resources today. At core will be the discussion on whether blockchain will influence the price per unit of electricity should there be added demand from blockchain applications and whether blockchain companies will devise protective systems to guard energy distributors’ computer systems.

This comes at the back drop of news that Nvidia, a graphic card manufacturer, sales of graphic cards fell short of expectations in Q2 2018. Sales of graphic cards declined to $18 million against $100 million as expected by analysts.

In other news, statistics from DappRadar shows that gambling and gaming dApps are on demand only outperformed by network clogging cryptokitties. Though trading volumes and participants are on the high, there are serious concerns that most of these dApps are Ponzi schemes and outright scams posing a risk to users who might not be aware.

Technical Analysis

Weekly Chart
Ethereum (ETH) Technical Analysis
Click here to see the full Ethereum Weekly Chart by Trading View

On a weekly basis, Ethereum prices are down one percent and by doing so, it seems as if sellers are in the fore front. As we can see from the chart, not only did last week’s prices confirm the break out pattern of Aug 12 but the fact that prices closed lower than the preceding candlestick lows hints of strong bear momentum.

Because of this, buyers need to build up strong momentum, reverse last week’s losses and perhaps test $350-$400 our previous support lines and sell trigger lines in our last technical analysis. This is a tall order for buyers considering this momentum is an eight month working and can’t be reversed in a week or two. It will definitely take time.

Before we search for buys, our Ethereum (ETH) trade plans are solid and with every lower low, we recommend shorting ETH on every high in lower time frames as long as prices are trading below $350.

Daily Chart
Ethereum (ETH) Technical Analysis
Click here to see the full Ethereum (ETH) Daily Chart by Trading View

After yesterday’s close, Ethereum (ETH) sellers had reversed Aug 17 bullish engulfing candlestick and three bar bullish reversal pattern.

Though our trade position is clear, market sentiment might slow down losses and in that case, we suggest waiting for prices to slip below Aug 14 pin bar cancelling our short term bull projection whose stops were at $280.

Should bear trend resume and prices dip below $250, we suggest taking shorts on every pull back with stops at $300 and first targets at $150 or Q3 2017 lows.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: August 21, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $275, $276, $277
Support Levels: $270, $269, $268

Yesterday, August 20, price of Ethereum was in a bearish trend. Price of the cryptocurrency fell to the low of $283.72. Today, the price of Ethereum depreciated to the low of $274.25. However, if the bearish trend continues, the price of Ethereum is likely to revisit the previous low of August 14, 2018.

Meanwhile, the price of Ethereum is trying to make a bullish movement to the resistance level. Nevertheless, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend. The Relative Strength Index period 14 is level 35 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the ETH price is in a bearish trend. The cryptocurrency has fallen to the low of $270.09. Later, the BTC price is making a bullish movement to the previous highs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is below the 26-day EMA and the 12-day EMA which indicates that a bearish trend is ongoing.


Ethereum (ETH) Daily Price Forecast: August 20, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $310, $320, $330
Support Levels: $280, $270, $260

The price Ethereum was in a sideways trend. In the last one week, the ETH price was fluctuating between the levels $290.99 and 319.17. The price of Ethereum has been quiet in the last four days. Today, the cryptocurrency is likely to continue its range bound movement.
Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of ETH is at par with the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the ETH price is in a bullish trend. The price of the cryptocurrency is moving horizontally along with the exponential moving averages. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 26-day EMA and the 12-day EMA which indicates that a bullish trend is ongoing.


Ethereum (ETH) Long-Term Price Forecast: Aug 18, 2018

ETH/USD Long-term Trend: Ranging

Supply Zone: $330, $340, $350
Demand Zone: $300. $290, $280

The price of Ethereum had been bearish in the month of August. The cryptocurrency traded at the beginning of August with a price of $431.86. The ETH price fell to the low of $258.71 which is about 40% price decrease in the month of August. The bulls are in control of price. Meanwhile, the ETH price is currently trading at a price of $315.38 as at the time of writing.

Nevertheless, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicate that the bearish pressure is ongoing. The Relative Strength Index period 14 is level 36 which indicates that the market is oversold suggesting bulls to take control of price.


Ethereum (ETH) Daily Price Forecast: August 17, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $290, $300, $310
Support Levels: $270, $260, $250

Yesterday, August 16th, the ETH price was in a bullish trend. The ETH price reached the high of $293.56 yesterday but was resisted and price fell to the low of $282.93. Today, the price of Ethereum is in another bullish trend and it is currently trading at $297.65 as at the time of writing. The current price of the cryptocurrency is likely to be resisted as price reaches the $300 price level.

The price of Ethereum is currently range bound between the levels of $300 and $250. These levels can only be broken during a bullish or bearish breakout. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the ETH price is in a sideways trend. The price of the cryptocurrency is fluctuating between the levels of $300 and $250. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 26-day EMA and the 12-day EMA which indicates that a bullish trend is ongoing.


Ethereum (ETH) Daily Price Forecast: August 16, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $290, $300, $310
Support Levels: $270, $260, $250

Yesterday, August 15th, the ETH price was in a bullish trend. The cryptocurrency rose from the low of $258.60 in a bullish trend to the high of $303.86. However, the bullish movement was interrupted by the bears and price fell to the low of $287.26. Today, the price of Ethereum is still falling. The cryptocurrency is in a sideways trend and probably will revisit the previous low of $250.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 42 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the ETH price is in a sideways trend. The ETH price is in a sideways trend after its fall from the $300 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 26-day EMA and the 12-day EMA which indicates that a bullish trend is ongoing.


Ethereum (ETH) Daily Price Forecast: August 15, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $280, $290, $300
Support Levels: $240, $230, $220

Yesterday, August 14th, the ETH price was in a sideways trend. Price of Ethereum fell to the low of $270.53 and commenced a range bound movement. From its low, the ETH price made a bullish movement to the high of $287.10. If the bulls break the resistance at $300, the price would reach the high of $400.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which Indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 39 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the ETH price is in a sideways trend. The price fell to the low of $256.48 and commenced a range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Ethereum is below the 26-day EMA and the 12-day EMA which indicates that a bearish trend is ongoing.


Ethereum (ETH) Technical Analysis: August 14, 2018

While Bitcoin has been stable in the last day, Ether prices are literally plummeting and trading below $300 for the first time this year. If sellers keep up then we might see prices dipping below $200 inching towards $130, our main support line and Q4 2017 lows. We still retain a bearish outlook until after we see a real resurgence of prices rejecting lower lows and edging above $350, our immediate resistance line and previous support.

From The News

What if there is more to price action than buy, sell or hold. As it stands, the market is knee deep in mud territory and Ethereum (ETH) prices trading at one year lows when it sank 10 percent yesterday. You see the questions that get asked are often the wrong ones. Most look at regulators as SEC or hacks as reasons for sell offs but the devil often lies in the details.

Ethereum as it is has been branded as the king of smart contracts as Bitcoin remain the most valued cryptocurrency in existence simply because it came in first. But Ethereum has more functionality than Bitcoin and as a platform that has an EVM, a Turing complete machine that allows assets to be tokenize, many startups managed to raise funds entirely on ETH and Bitcoin during the last bull market with statistics estimating that as much as $6.3 billion were raised.

Most were denominated as ETH and while most startups had brilliant ideas it is public knowledge that they lack in cash management as Biswa Das of BloomWater Capital notes. The result is this ongoing shake out and as more startups liquidate their ETH holding mostly for fiat, the market is under a lot of pressure dipping in the process and triggering more sells.

Sadly though, there is still millions or even tens of millions of ETH tied up by these startups and if we extend our analysis, we might see further market depreciation in ETH prices perhaps even to $150.

Technical Analysis

Weekly Chart
Ethereum (ETH) Technical Analysis
Click here to see the full Ethereum Weekly Chart by Trading View

A simple Fibonacci retracement tool between 2017 high lows and it’s clear that Ether (ETH) is now right at the 78.6 percent correction level. The level itself is important but it also means prices are down 80 percent from 2017 peaks and with a 30 percent week over week drop, our projection is gloom.

Thus far, not only did we see an accelerated drop below two support lines at $400 and $350—2018 lows, but the pace at which this happen indicate abnormal sell pressure. Notice that the last two weeks have been largely characterized by wide trading ranges and high trading volumes which aided in this push below $350 triggering conservatives sells as spelled out in our last Ethereum (ETH) trade plan.

So, as the chart directs, we suggest taking shorts in lower time frames with first targets at Q4 lows at $130.

Daily Chart
Ethereum (ETH) Technical Analysis
Click here to see the full Ethereum Daily Chart by Trading View

Yesterday, ETH prices slid 10 percent igniting the second wave of sell pressure which of course is now confirming that bear break out below $350 on Aug 8. Like we have mentioned above, we suggest selling on pull backs with first targets at $130 and stops at yesterday’s highs at $330.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: August 14, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $280, $290, $300
Support Levels: $240, $230, $220

Yesterday, August 13th, the ETH price was in a sideways trend. While in the sideways trend the cryptocurrency fell from the high of $318.70 to the low of $ 287.96. Today, the bearish pressure continued as the cryptocurrency fell to the low of $265.15 as at the time of writing. There are indications that the ETH price may revisit previous low of $250. There is no recommendation for long trades as the bearish pressure is ongoing.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 14 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the ETH price is in a bearish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Ethereum is below the 26-day EMA and the 12-day EMA which indicates that a bearish trend is ongoing.


Ethereum (ETH) Daily Price Forecast: August 13, 2018

ETH/USD Medium-term Trend: Rang: Ranging

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Last week the price of Ethereum was bearish. Price was above the $400 price level. The bears took price to the low of $306.66 on August 11. The bulls brought the price to the high of $325.34 and the digital currency commenced a sideways trend. Today, the ETH price is currently at a price of $319.16 in a sideways trend as at the time of writing. Price of Ethereum is likely to rise therefore traders should look out for buy setups to initiate long trades.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 31 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Ethereum (ETH) Long-Term Price Forecast: Aug 11, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $320, $330, $340
Support levels: $290, $280, $270

The price of Ethereum was in a bearish trend at the beginning of August 2018. The opening balance of the cryptocurrency was $431.86. The cryptocurrency was range bound between the levels of $480 and $440.The lower level of the range bound zone was broken during a bearish breakout. The ETH price fell to the low of $409.15 and commenced another range bound movement. The price of Ethereum is currently trading $312.75 but may likely fall to  the low of $300 which is next support level.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 37 which indicates that the market is oversold suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: August 10, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $370, $380, $390
Support Levels: $350, $340, $330

Yesterday, August 9th, the price of Ethereum was in a sideways trend. The bearish trend had taken price to the low of $354.54. It was assumed that if the bearish trend continued price would fall to the lows of $326.42 and $283. Today,the cryptocurrency is in a sideways trend, there is no significant price movement.

The bears might have exhausted their bearish pressure; it is now incumbent for traders to look out for buy setups to initiate long trades in anticipation of a bullish trend. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 32 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Ethereum (ETH) Daily Price Forecast: August 9, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $380, $390, $400
Support Levels: $350, $340, $330

Yesterday, August 8th, the price of Ethereum was in a bearish trend. The ETH price breaks out of the range-bound zone and it fell to the low of $ 354.54 as at yesterday. Now the bulls and the bears move in a sideways trend and neither of them have control over price. If the ETH price falls again, it will fall to the lows of  either $326.42 and $283. Traders are to look out for buy setups in anticipation of a bullish trend.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 21 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Ethereum (ETH) Daily Price Forecast: August 8, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $380, $390, $400
Support Levels: $350, $340, $330

Yesterday, August 7th, the price of Ethereum was in a sideways trend. The sideways trend came after the bearish pressure had broken the support level at $440. The ETH price is now out of the range-bound zone. Today, the bears have taken over from the bulls in the sideways trend and have brought price to the low of $376.69.

The price of $376.69 was the previous support level of April 5th, 2018. We will not recommend any long trades until the decline is over. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 23 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


Ethereum (ETH) Technical Analysis: August 7, 2018

There is a clash between fundamentals and technical chart formations in Ethereum (ETH). Overly, fundamentals are positive pointing to potential gains. On the other hand though, ETH prices continue to dip lower testing key support lines and negating positive vibes from coin specific news.

From the News

  • Well, according to an online survey by CoinTrendz, Ethereum is the third most talked about coin following the likes of table topping Tron and Bitcoin.
  • In a bid to drive global adoption, CoinBase is now targeting websites with their open source plugin that’s applicable in Woocommerce. This will allow website owners and merchants to accept payment in cryptocurrencies including Ethereum and three others.
  • Boerse Stuttgart, the second largest stock exchange in Germany after Boerse Frankfurt is now spreading it wings and diving deeper into crypto trading activities. While its app Bison is set to be launched later this year, the exchange has announced plans of being a platform for trading and issuing out tokens.
  • Haven Coin has decided to exist concurrently at EOS and Ethereum. The “finer details” on how this will happen will be available in public domain in days to come.

Technical Analysis

Weekly Chart
Ethereum (ETH) Technical Analysis
Click here to see the full size Ethereum Weekly Chart by Trading View

Week over week, Ethereum (ETH) prices is down 10 percent and as prices slide, ETH continues to break off from the 40 day consolidation which started mid-June 2018.

All in all, odds of Ethereum (ETH) clawing back and reversing losses is pretty hard now that we have a clear bearish engulfing pattern with pretty decent market participation accompanying this move. On top of that, we can take hint of the last three or four weekly candlesticks.

Most of them were trading within tight ranges with long upper wicks as prices kept oscillating within week ending June 24 bearish candlestick. It’s worth noting that the same bear stick did retest $400 and has been successful in capping gains thus far.

So, if anything, chances are we might see a confirmation of last week’s bearish bar and when that happens, prices will dip below $400, our main support line and sell trigger.

Daily Chart
Ethereum (ETH) Technical Analysis
Click here to see the full size Ethereum Daily Chart by Trading View

Judging from the chart, ETH prices are moving lower and are down one percent. Now, even though they are confined within a 40 day consolidation, ETH bears are clearly in charge and after breaking below that minor 30 days support trend line, we suggested sells with first targets at $400.

Considering how prices are panning out, my recommendation is to wait for a clear break below $400 before initiating shorts as laid out in previous Ethereum (ETH) trade plans.

When that happens, the third phase of the bear break out pattern that begun following June 10 bears would have been confirmed. Ideal first targets would be $350 and later $300.

Author: Dalmas N


Ethereum (ETH) Daily Price Forecast: August 7, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $410, $420, $430
Support Levels: $390, $380, $370

Yesterday, ETH price was in a bearish trend which resulted in the breaking of the range-bound zone. The downward trend continued as the price fell to the low of $404.25. However, if the bearish pressure continued price of Ethereum will reach the low of $381.25. Today, ETH price is in a sideways trend until we see a possible breakout.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price bars of Ethereum are below the 12-day EMA and the 26-day EMA which indicates a bearish trend is ongoing. The relative strength index period 14 is level 40 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone.


Ethereum (ETH) Daily Price Forecast: August 6, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $420, $440, $460
Support Levels: $400, $380, $360

Last week, the price of Ethereum had been in a sideways trend fluctuating between the levels of $480 and $420. The ETH price has broken the support level of the range bound zone. Today, the price of Ethereum has fallen to the low of $400.36 and had commenced another sideways trend .

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price bars of Ethereum are below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The relative strength index period 14 is level 44 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a sideways trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Price of Ethereum is rising because the price bars of Ethereum are above the 26-day EMA and 12-day EMA. If the price of Ethereum had fallen the support levels would have been breached.


Ethereum (ETH) Long-Term Price Forecast: Aug 4, 2018

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $430, $440, $450
Support levels: $400, $390, $380

The Ethereum price had been in a sideways trend since the beginning of July 2018. The cryptocurrency was range bound between the levels of $480 and $440. The ETH price was $451.59 at the beginning of the month of July. The price fluctuations made the cryptocurrency to fall to the low of $416.64. During the period under review, the price fluctuated and reached the high of $499.75. Later it continued its fluctuations until price found another low of $416.64.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, price bars of Ethereum are below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The relative strength index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.


Ethereum (ETH) Daily Price Forecast: August 3, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $440, $450, $460
Support Levels: $420, $410, $400

Yesterday, August 2nd, the ETH price was in a bearish trend. The cryptocurrency is still on the downward trend. The Ethereum price is now out of the range-bound zone after the price fell to the low of $401.38.This was the previous support level of Ethereum. Traders can initiate long trades and a stop loss at $350.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 32 which indicates that market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the ETH price is in a smooth bearish trend. The ETH price is making a lower highs and lower lows price movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Ethereum is below the 26-day EMA and the 12-day EMA which indicates that a bearish trend is ongoing.


Ethereum (ETH) Daily Price Forecast: August 2, 2018

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $440, $450, $460
Support Levels: $420, $410, $400

Yesterday, August 1, the price of Ethereum was in a bearish trend. The ETH price fell to the low of $409.15. This was the previous low of June 29, 2018. The bulls are in control of price and price is rising. Traders should initiate long trades at the current market price in anticipation of a bullish trend.

From the chart, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of ETH is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 35 which indicates that market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bullish