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) Long-Term Price Forecast: June 8, 2019

  • The appearance of small body candlesticks provides indecision between the buyers and sellers at the current market price.
  • At the upper price level, if there is a bullish breakout at the $280 resistance level, the ETH price will rally above the $320 price level.

ETH/USD Long-term Trend: Ranging

  • Resistance Levels: $280, $300, $320
  • Support Levels: $240, $220, $200

The ETH/USD pair is trading in a range-bound zone. The ETH market is trading between the levels of $240 and $280. In the last three weeks, the bulls and the bears were yet to break their respective levels. On June 3, the bulls were resisted and the price fell to the $240 support level.

The lower price range was holding as the bulls took another initiative to resume the range bound move. However, the appearance of small body candlesticks provides indecision between the buyers and sellers at the current market price. Nevertheless, if the crypto continues its range-bound movement, the price of Ethereum is likely to face a bullish breakout or a bearish breakout.

At the upper price level, if there is a bullish breakout at the $280 resistance level, the ETH price will rally above the $320 price level. On the other hand, if there is a bearish breakout at the $240 price level, the coin will depreciate to a low at $160 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


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

  • From the Fibonacci tool, the price of Ethereum had been trading in the 0.236 and 0.382 Fib. retracement levels.These are continuation zone of a trending market.
  • Nevertheless, if the bulls break the overhead resistance, the crypto's price will reach the highs of $320 or $350 price level.

ETH /USD Medium-term Trend: Ranging

  • Resistance Levels: $260, $280, $300
  • Support Levels: $240, $220, $200

Yesterday, June 6, the price of Ethereum was in a sideways trend. On May 16, the ETH market reached the $280 overhead resistance level. From the price action, each time the bulls tested the $280 overhead resistance they would be resisted. The market would fall and have a downward correction to the support of the $240 price level.

There had not been any bullish break or bearish break in the last three weeks. The crypto's price fluctuates between the levels of $240 and $280. This had been the scenario since the market reached the $280 overhead resistance. From the Fibonacci tool, the price of Ethereum had been trading in the 0.236 and 0.382 Fib. retracement levels.

These are continuation zone of a trending market. From Fibonacci retracement levels of 0.236 and 0.382, the price of a crypto can rise. On the other hand, if these levels are broken, the crypto will be in a downtrend. Nevertheless, if the bulls break the overhead resistance, the crypto's price will reach the highs of $320 or $350 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of ETH is in a sideways trend. The 12-day EMA and the 26-day EMA have flattened and are sloping horizontally indicating that the price is ranging. The bearish candlestick are testing the lower price range as downward price correction.

The ETH market is also characterized by small body candlesticks describing the indecision between buyers and sellers in the market. The  ETH price is fluctuating between the levels of $236 and $252. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


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

  • The overhead resistance has compelled the coin to a range bound move between the levels of $240 and $280.
  • Nevertheless, from every indication, the bulls have defended the support level at four different occasions.

ETH /USD Medium-term Trend: Bearish

  • Resistance Levels: $260, $280, $300
  • Support Levels: $240, $220, $200

Yesterday, June 5, the price of Ethereum was in a sideways trend. On May 16, the price of Ethereum had its peak price at the $280 price level. The bulls had been resisted on three occasions at the $280 overhead resistance level. The overhead resistance has compelled the coin to a range bound move between the levels of $240 and $280. In the month of May, ETH price corrected itself at the lower price level where buyers emerged.

On May 18, the ETH price corrected itself at the $233 price level. Also, On May 22 and 30, the crypto corrected itself at the $243 and $254 price level, thus forming the lower price range. Similarly, on June 4, the price corrected itself at the $241 price level.

Nevertheless, from every indication, the bulls have defended the support level at four different occasions. On the upside, if the bulls make an upward move the $280 overhead resistance is likely to be broken. On the downside, a breakdown, at the $240 price level will depreciate the coin to a low at $180 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of ETH is in a sideways trend. At the lower time frame, the market is trading in a tight range between the levels of $240 and $248 price level. The 12-day EMA and the 26-day EMA have flattened indicating the sideways trend.

Small body indecisive candlesticks are above the moving averages indicating the indecision between the buyers and the sellers. Nevertheless, a price breakout and a price down is imminent in the nearest future. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


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

  • On the upside, if the price of a candlestick breaks the trend line and another one closes beside it, the bearish trend is said to be terminated.
  • The bulls tested the $280 overhead resistance once and failed to break it.

ETH /USD Medium-term Trend: Bearish

  • Resistance Levels: $250, $260, $270
  • Support Levels: $230, $220, $210

Yesterday, June 4, the price of Ethereum was in the bearish trend zone. On May 30, the price of Ethereum reached the $280 overhead resistance. The bulls tested the $280 overhead resistance once and failed to break it. The downward correction was to the $250 support level but the bulls made an upward move above the 12-day EMA and the 26-day EMA. However, the ETH price was facing another resistance at the $270 price level.

The bulls tested the $270 resistance level on three occasions and were resisted. On June 2, the ETH market fell and was on a downward correction to a low at the $235 price level. A bearish trend line has been drawn showing the resistance levels of price. The bearish trend is said to be ongoing if the trend line is unbroken.

On the upside, if the price of a candlestick breaks the trend line and another one closes beside it, the bearish trend is said to be terminated. Today, the bullish candlesticks are approaching the trend line. In a few hours, the bearish trend is likely to be terminated. 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 price of ETH is in a bearish trend. Initially, the ETH market fell to the support level of $245 price level. The bulls made an upward move above the EMAs but were trading below the $275 price level after being resisted. The ETH market fell to the support of the $235 price level. The $235 price level was well supported as the bulls made an upward move to break the EMAs. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


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

  • On the downside, if the bearish pressure continues, the ETH market will revisit the lows of $230 support level.
  • On the upside, if the bulls break above the EMAs the crypto's price is likely to rise to retest the $280 overhead resistance level.

ETH /USD Medium-term Trend: Bearish

  • Resistance Levels: $270, $280, $290
  • Support Levels: $240, $230, $240

Last week the price of Ethereum was still in a sideways trend. The ETH market was ranging below the $280 overhead resistance level. On May 30, the bulls failed to break the overhead resistance level and they were resisted. The crypto's price fell and the market had a downward correction. The price fell to the support of the $240 price level but the bulls pulled back price above the $250 price level.

At the support of the $250 price level, the bulls made an upward move above the 12-day EMA and the 26-day EMA. The bulls were resisted at the $270 price level and the crypto is below the EMAs. On the downside, if the bearish pressure continues, the ETH market will revisit the lows of $230 support level. On the upside, if the bulls break above the EMAs the crypto's price is likely to rise to retest the $280 overhead resistance level.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of ETH is in a sideways trend. The ETH market had a downward correction to a low at $250 price level. The bulls pulled above the EMAs to reach the bullish trend zone. The crypto's price was resisted at the $275 price level and the price fell to a range bound move.

The EMAs are sloping horizontally indicating the range bound move. The crypto's price is below the EMAs which indicates the price is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: June 1, 2019

  • On the upside, if the bulls break the $280 resistance level, the crypto's price will rise to a high of $ 320.
  • On the downside, if the bears break the $240 price level, the crypto's price will fall to a low at $160 or $180 price level.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $280, $300, $320
  • Support Levels: $240, $220, $200

The ETH/USD pair is trading in the bullish trend zone. The price of Ethereum was initially in a sideways trend at the beginning of May. The bulls were resisted at the $180 price level. The ETH market was in a sideways trend trading below the $180 price level. On May 11, the bulls broke the $180 resistance level and the crypto's price rose and tested the $280 resistance level.

Nevertheless, since on May 16, the ETH market has been fluctuating between the levels of $240 and $280 . Each time the bulls tested the $280 resistance level, the price would fall to the support of the 12-day EMA. On May 31 the price retraced to the support of the 12-day EMA or $240 price level. On the upside, if the bulls break the $280 resistance level, the crypto's price will rise to a high of $ 320.

On the downside, if the bears break the $240 price level, the crypto's price will fall to a low at $160 or $180 price level. On May 1, the coin has an opening balance of $170 and a closing balance of $267 as at May 31. This implies that the price of Ethereum has appreciated by 57% of its capitalization in the month of May, 2019. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


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

  • On the upside, if the $250 price level holds, the crypto’s price will make a bullish move to retest the previous highs.
  • On the other hand, if the bearish trend continues, the market will reach the  low at $230 price level.

ETH /USD Medium-term Trend: Bearish

  • Resistance Levels: $270, $280, $290
  • Support Levels: $240, $230, $240

Yesterday, May 30, the price of Ethereum was still in a bearish trend. In retrospect, the ETH market had been range bound between the levels of $230 and $280 in the last two weeks. Yesterday, the bulls broke the $280 overhead resistance to reach the $290 price level. Nevertheless, the bulls were resisted and the market fell in a downward correction to the range bound zone.

The candlestick tested the $240 price level but closed above the $250 price level. The bears were exhausted at the $240 price level. On the upside, if the $250 price level holds, the crypto’s price will make a bullish move to retest the previous highs. On the other hand, if the bearish trend continues, the market will reach the  low at $230 price level.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH is in a bearish trend zone. Yesterday, the ETH market experienced a price breakdown. The bulls were resisted at the $290 price level and the price fell to the previous low at $250. At the $250 support level the crypto’s price made an upward move but it is facing resistance at the $257 price level.

However, if the price continues its retracement, the crypto’s price might fall to the support of the previous $240 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


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

  • On the upside, if the bulls break the $280 price level, the market is likely to rise to the highs of $290 and $300 price level.
  • On the downside, if the bulls fail to break the $280 price level, the market will fall to the support of the 26-day EMA or continue its range bound move.

ETH /USD Medium-term Trend: Ranging

  • Resistance Levels: $270, $280, $290
  • Support Levels: $260, $250, $240

Yesterday, May 29, the price of Ethereum was still in a sideways trend. Since on May 26, the ETH market had been fluctuating between the levels of $260 and $280. The bulls were being resisted at the $275 price level while it was well supported at the $260 price level.

On the upside, if the bulls break the $280 price level, the market is likely to rise to the highs of $290 and $300 price levels. On the downside, if the bulls fail to break the $280 price level, the market will fall to the support of the 26-day EMA or continue its range bound move. The MACD line and the signal line are above the zero line which is a buy signal.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of ETH is in a bullish trend zone. The bulls have broken the $280 overhead resistance and price is approaching the $290 price level. Nevertheless, if the bulls sustain the price above the $280 price level, the bulls will retest the previous highs.

However, if the bulls face resistance at $295, the crypto’s price is likely to fall to the range bound zone. On the other hand, if the bulls break the initial resistance, the crypto’s price will soar above the $300 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


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

  • The crypto’s price is fluctuating between the levels of $264 and $276 in a tight range.
  • The ETH market is likely to rise if the support of the 12-day EMA holds. The bulls will retest or break the $280 overhead resistance.
  • On the other hand, if the bears break below the EMAs, the market will fall to a low at $250 or $260 price level.

ETH /USD Medium-term Trend: Ranging

  • Resistance Levels: $270, $280, $290
  • Support Levels: $260, $250, $240

Yesterday, May 28, the price of Ethereum was in a sideways trend. In the last 48 hours, the bulls have failed to break the $280 overhead resistance level. The crypto’s price was trading below the $280 overhead resistance but above the 12-day EMA.

The ETH market is likely to rise if the support of the 12-day EMA or the 26-day EMA holds. The bulls will retest or break the $280 overhead resistance. On the other hand, if the bears break below the EMAs, the market will fall to a low at $250 or $260 price level. However, the bearish pressure is being exhausted above the $260 price level.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of ETH is in a sideways trend zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating a sideways trend. The crypto’s price is fluctuating between the levels of $264 and $276 in a tight range.

If the bulls break the $276 price level, the market will rise above the $280 overhead resistance. On the other hand, if the bears broke below the $264 price level, the ETH market will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


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

  • The crypto’s price is likely to retest or break the $280 overhead resistance if the bulls sustain the price above the $260 price level.
  • The crypto’s price is hovering below the $272 resistance level as the bulls failed to break the resistance level.

ETH /USD Medium-term Trend: Bullish

  • Resistance Levels: $270, $280, $290
  • Support Levels: $260, $250, $240

Last week the price of Ethereum was in a sideways trend. The crypto’s price was trading below the $260 overhead resistance level. In the previous week, the bulls tested the $260 overhead resistance but the price fell to the support of the 12-day EMA and the 26-day EMA. On May 23, the bears broke below the EMAs after the overhead resistance to a low at the $230 price level.

At the $230 support level, the bulls made an upward move above the EMAs. Yesterday, the bulls broke the $260 overhead resistance which was a positive move. This indicates that the bulls were in control. The crypto’s price is likely to retest or break the $280 overhead resistance if the bulls sustain the price above the $260 price level. However, if the price retraces and breaks below the $260 price level, the ETH price will commence its range move.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of ETH is in a bullish trend zone. Last week the crypto’s price was in a sideways trend. The coin was trading between the levels of $245 and $255. Yesterday, the ETH price had a price rally as the bulls reached the $272 price level.

The crypto’s price is hovering below the $272 resistance level as the bulls failed to break the resistance level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


Ethereum (ETH) Long-Term Price Forecast: May 25, 2019

  • The price of Ethereum is now trading below the $260 price level.
  • From the Fibonacci retracement tool, the market fell and the bears broke the 0.236 and 0.382 Fib. retracement level. The crypto’s price found support at the 0.382 (38.2%) Fib. retracement level.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $260, $280, $300
  • Support Levels: $240, $220, $200

The ETH/USD pair is still trading in the bullish trend zone. From the price action, the ETH market reached a high at $263 price level but the bulls were resisted. The crypto’s price had a downward correction to a low at $233 price level.

At the support level, the bulls made an upward move to the previous high but were resisted again at the $260 price level. The price of Ethereum is now trading below the $260 price level. From the Fibonacci retracement tool, the market fell and the bears broke the 0.236 and 0.382 Fib. retracement levels. The crypto’s price found support at the 0.382 (38.2%) Fib. retracement level.

This implies that the bullish trend is likely to continue in the continuation zone of the Fib. retracement 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.

Author: Azeez M


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

  • The ETH market is still range bound between the levels of $230 and $260.
  • On the upside, the bulls have to break the $250 price level to retest the $260 and $280 resistance levels.
  • On the other hand, if the bulls fail to break the resistance level, the ETH market will remain in the range bound zone.

ETH /USD Medium-term Trend: Bearish

  • Resistance Levels: $250, $260, $270
  • Support Levels: $240, $230, $220

Yesterday, May 23, the price of Ethereum was in a sideways trend. The ETH market is still range bound between the levels of $230 and $260. Yesterday, the crypto’s price fell to the support of the lower price range. The bulls bounced back and made an upward move.

Presently, within the range bound zone, the ETH price is likely to face initial resistance at the $250 price level. On the upside, the bulls have to break the $250 price level to retest the $260 and $280 resistance levels. On the other hand, if the bulls fail to break the resistance level, the ETH market will remain in the range bound zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH was in a bearish trend zone. Yesterday, the market fell to the support level at the $232 price level. The bulls made a pulled back above the 12-day EMA and the 26-day EMA but it is likely to face resistance at the $248 price level.

The ETH market was characterized by small body candlesticks like the Doji and the Spinning tops. It showed that the buyers and sellers were undecided about the direction of the current market price. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


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

  • A price break out would make the market rally above $280 price level.
  • A price break down would further depreciate the crypto’s price. Yesterday, the market fell and depreciated to a low at $243 price level.

ETH /USD Medium-term Trend: Bearish

  • Resistance Levels: $250, $260, $270
  • Support Levels: $240, $230, $220

Yesterday, May 22, the price of Ethereum was in a sideways trend. The crypto’s price now ranges above the 12-day EMA but trades below the $260 resistance level. The ETH market is range bound between the levels of $230 and $260. The candlesticks pattern has changed to small bodies price bars like the Doji and the Spinning tops.

This described the indecision between the buyers and the sellers at the current market price. Nevertheless, the crypto’s price is above the 12-day EMA which indicates that price will make an upward move. However, if the market continues its range-bound movement, the crypto is set for a price breakout or a price break down.

A price break out would make the market rally above $280 price level. A price break down would further depreciate the crypto’s price. Yesterday, the market fell and depreciated to a low at $243 price level. Nevertheless, the crypto’s price is below the EMAs and will further depreciate to the previous low at $230 price level.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH was in a bearish trend zone. The market had been on a downward correction after the resistance at the $280 price level. On May 21, the bulls were also resisted at the $262 price level. The ETH price was also resisted at the $260 and the $257 price levels.

On each resistance, the price would fall below the EMAs but the bulls would make attempt to pull above the EMAs. Yesterday, the market fell and dropped to the previous low at $243 to commence a range bound move. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Author: Azeez M


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

  • The market is now ranging below the $260 resistance level and at the same time supported at the $230 price level.
  • On the upside, if the bulls break the $260 resistance level, the crypto’s price is likely to retest the $280 resistance level.

ETH /USD Medium-term Trend: Ranging

  • Resistance Levels: $250, $260, $270
  • Support Levels: $240, $230, $220

Yesterday, May 21, the price of Ethereum was in a sideways trend. Last week, May 17, the market was in a downward correction as the price fell to the support level at $230 price level. On May 19, the bulls bounced off from the support level and rose to a high at $260 price level. The ETH price is now facing resistance at the $260 price level.

The market is now ranging below the $260 resistance level and at the same time supported at the $230 price level. From the price action, the crypto’s price is above the 12-day EMA which indicates that price will make an upward move.

On the upside, if the bulls break the $260 resistance level, the crypto’s price is likely to retest the $280 resistance level. On the other hand, if price breaks below the EMAs, the market will fall to a low at $230 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of ETH was in a sideways trend zone. The bulls are facing resistance at the $262 price level. On May 19, the crypto’s price was resisted at the $262 price level and the price fell to the support level at $244. The bulls bounced back above the 12-day EMA and the 26-day EMA to retest the $262 resistance level.

On May 21, the bulls were resisted again and the price fell to the support of the EMAs. From the price action, the coin is likely to have an upward move because it is above the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


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

  • On the upside, if the price is sustained above the moving averages, the bulls are likely to retest the $260 and $280 resistance levels.
  • However, if the bulls fail to break the resistance levels, the crypto’s price will fall back to the bearish zone.

ETH /USD Medium-term Trend: Ranging

  • Resistance Levels: $250, $260, $270
  • Support Levels: $240, $230, $220

Last week the price of Ethereum was in a bullish trend. The market reached a high at $280 price level. The crypto’s price was resisted at the $280 price level and the market was in a downward correction. The crypto’s price fell to the $230 price level to form the support level. The coin is range bound between the levels of $230 and $280 .

The crypto’s price made a bullish move and it is currently facing resistance at the $260 price level. On the upside, if the price is sustained above the moving averages, the bulls are likely to retest the $260 and $280 resistance levels. However, if the bulls fail to break the resistance levels, the crypto’s price will fall back to the bearish zone. 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 price of ETH was in a bearish trend zone. The crypto’s price fell to the 0.50 Fib. retracement level as price ranges above it. The 0.50 retracement level is likely to hold as the price broke the bearish trend line terminating the bearish trend. From the price action, the crypto’s price is below the EMAs which indicates that price is likely to fall. On the downside, if the bearish trend continues, the market is likely to fall to the $230 price level.

Author: Azeez M


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

  • On the upside, if the bears fail to break the 0.236 and the 0.382 retracement level, the bull will retest the $260 and $280 resistance levels.
  • On the downside, if the bears break the 0.236 and the 0.382 retracement level, the crypto’s price will resume a downward trend.

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $260, $280, $300
  • Support Levels: $240, $220, $200

On May 16, the recent surge in volatility led the ETH/USD pair to reach a high of $263.99. On May 17, the market had a slight retracement and tested the support of the 0.382 Fib.retracement level . Today, the ETH price is trading within the bullish continuation zone of the Fibonacci retracement level. On the upside, if the bears fail to break the 0.236 and the 0.382 retracement level, the bull will retest the $260 and $280 resistance levels.

On the downside, if the bears break the 0.236 and the 0.382 retracement levels, 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 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: May 17, 2019

  • The downward trend is continuing as the bears broke the 0.236 and 0.382 Fib. retracement levels.
  • On the downside, the price is likely to fall to the $200 price level or 0.786 Fib. retracement level.

ETH /USD Medium-term Trend: Bearish

  • Resistance Levels: $250, $260, $270
  • Support Levels: $240, $230, $220

Yesterday, May 16, the price of Ethereum was in a bearish trend. Yesterday, the ETH market reached a high at $280 price level in a recent surge in volatility but the bears resisted the bulls. The crypto’s price made a sharp drop to a low at the price of $240.68. The downward trend is continuing as the bears broke the 0.236 and 0.382 Fib. retracement levels.

On the downside, the price is likely to fall to the $200 price level or 0.786 Fib. retracement level. The crypto's price will resume its bullish trend at the $200 support level. 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 price of ETH was in a bearish trend zone. The bulls were resisted at the $278 resistance level and it fell to a low at $240.68. Today, the ETH price is ranging below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The MACD line and signal line are below the zero line which indicate a sell signal. The ETH price is currently trading at $240.13 as at the time of writing.

Author: Azeez M


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

  • If the price is holding at the support of the trend line, the crypto’s price will resume its bullish trend to retest the $270 price level.
  • However, if the price breaks the trend line, it is likely that the selling pressure will resume.

ETH /USD Medium-term Trend: Bullish

  • Resistance Levels: $250, $260, $270
  • Support Levels: $240, $230, $220

Yesterday, May 15, the price of Ethereum was in a bullish trend. Since on May 14, the crypto’s price was making a series of higher highs and higher lows. The market rose from its low at $216.50 to a high at $270 price level. From the chart, the market has retraced to the support of the bullish trend line.

If the price is holding at the support of the trend line, the crypto’s price will resume its bullish trend to retest the $270 price level. However, if the price breaks the trend line, it is likely that the selling pressure will resume. That is the price is likely to fall to another low at $226 price level. 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 price of ETH was in a bullish trend zone. Yesterday, the ETH price was trading at $246.78 and the price level was sustained up till the $270 price level. Presently, the bulls tested the $270 resistance level and were resisted. The crypto’s price has broken the trend line and another bearish candlestick closing after it. Technically, the current trend is likely to have reversed. The coin is currently trading at $259.30 as at the time writing.

Author: Azeez M


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

  • The ETH price has continued to rise after the bulls broke the resistance levels to reach the $227 price level.
  • The ETH price is above the EMAs which indicate that price is in a bullish trend zone.

ETH /USD Medium-term Trend: Bullish

  • Resistance Levels: $240, $250, $260
  • Support Levels: $190, $180, $170

Yesterday, May 14, the price of Ethereum was in a bullish trend. Since on April 25, the crypto market had been rising after its fall to the support of the $150 price level. The ETH price has continued to rise after the bulls broke the resistance levels to reach the $227 price level. The crypto surge in volatility had been consistent since April 25.

A trend line has been drawn to monitor the duration of the bullish trend. The trend line is drawn to touch at least two candlesticks. The bullish trend is ongoing if the trend line is unbroken. A broken trend line means the bullish trend has been terminated. 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 price of ETH was in a bullish trend zone. Yesterday, the bulls broke the $210 resistance level as price reached the $230 price level. As the crypto’s price trends above the 12-day EMA and the 26-day EMA, the ETH price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

Author: Azeez M


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

  • On the upside, if the crypto’s price is sustained above the EMAs, the bulls will retest or break the $200 resistance level.
  • On the downside, if the bears break below the EMAs, the crypto’s price may fall to a low at $176 price level.

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 bullish trend. In recent times, the crypto’s price had been in a bullish trend. The crypto’s price would rise to reach the recent high and then retrace to resume its bullish trend. On May 7, the crypto’s price reached a high of $188.54 but retraced to a low at $171.81. On May 9, the bulls resumed another bullish trend to reach the $200 price level but were resisted.

The price has retraced to the support of the 12-day EMA. On the upside, if the crypto’s price is sustained above the EMAs, the bulls will retest or break the $200 resistance level. On the downside, if the bears break below the EMAs, the crypto’s price may fall to a low at $176 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 a bullish trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of ETH was in a bullish trend zone. The bulls were facing resistance at the $200 price level. The bulls tested the $200 resistance level twice and were resisted. The price fell and broke the EMAs to the bearish trend zone. The price fell to a low at $185.18 and commenced a range bound movement.

The 12-day EMA and the 26-day EMA are horizontally flat indicating a sideways trend. The crypto’s price is trading at $187.89 as at the time of writing. Meanwhile, the MACD line and the signal line is neither below nor above the zero line which indicates a neutral 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: May 11, 2019

  • On the upside, if the bulls break the $190 resistance level, the price is likely to revisit the previous high of $240 price level.
  • On the other hand, if the bulls fail to break the resistance level, the ETH price will continue its range bound movement below the resistance level.

ETH/USD Long-term Trend: Ranging

  • Resistance Levels: $180, $200, $220
  • Support Levels: $160, $140, $130

The ETH/USD pair is in the bullish trend zone. The crypto’s price reached a high of $181 price level but the price was repelled at the $190 resistance zone. The price fell to the support of the 26-day EMA for a bullish trend resumption. The bulls initiated another move but were resisted at the $176 price level.

This resulted in the price falling below the 12-day EMA and the 26-day EMA to a low at $150 price level. The bulls defended the $150 support level as it initiated another bullish movement. On May 7, the bulls were resisted again at the $191 price level and the price fell to the support of the 12-day EMA. This has been the scenario since April 8. On the upside, if the bulls break the $190 resistance levl, the price is likely to revisit the previous high of $240 price level.

On the other hand, if the bulls fail to break the resistance level, the ETH price will continue its range bound movement below the resistance 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.

Author: Azeez M


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

  • On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the crypto’s price will retest or break the $188 resistance level.
  • On the downside, if the bulls fail to break the EMAs, the crypto’s price may fall to a low at $170 price level.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, May 9, the price of Ethereum was in a bearish trend. On May 8, it was assumed that if the $176 support level failed to hold the bears might break the support to reach the low at $168 price level. Yesterday, the price fell to a low at $171 and commenced a bullish movement. The price has broken the bearish trend line indicating that the bearish trend had reversed.

On the upside, if the bulls break the 12-day EMA and the 26-day EMA, the crypto’s price will retest or break the $188 resistance level. On the downside, if the bulls fail to break the EMAs, the crypto’s price may fall to a low at $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 a bullish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH was in a bearish trend zone. On May 7, the bulls were resisted at the $192 price level and the price fell to a low at $174. The crypto’s price rose and the bulls broke the 12-day EMA and the 26-day EMA but were resisted at the $180 price level.

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: May 9, 2019

  • On the upside, if the $176 price level holds, the bulls will break the 12-day EMA and the 26-day EMA to retest or break the $188 resistance level.
  • On the downside, if the $176 support level failed to hold the bears may break the support level to reach the low at $168 price level.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, May 8, the price of Ethereum was in a range bound movement after being resisted at the $188 resistance level. As the crypto’s price is ranging above the $176 price level the bearish trend is temporarily terminated. The trend line has been broken and another candlestick closing on the opposite of the trend line;thus ending the bearish trend. On the upside, if the $176 price level holds, the bulls will break the 12-day EMA and the 26-day EMA to retest or break the $188 resistance level.

On the downside, if the $176 support level failed to hold the bears may break the support to reach the low at $168 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 a bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH was in a bearish trend zone. Yesterday, the price fell to a low at $174.25 and commenced a range bound movement below the 12-day EMA and the 26-day EMA. The bulls succeeded in breaking the EMAs but were resisted at the $180 resistance level. If the bearish trend continues the price will fall back to the bearish trend zone.

On the other hand, if the support at the EMAs holds, 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: May 8, 2019

  • On the upside, if a bullish candlestick breaks the trend line and another one closes on the opposite of it; the bearish trend will be terminated. The crypto’s price will rise to retest the $190 resistance level.
  • On the downside, the bearish trend is ongoing if the trend line is unbroken. That means the price may fall to the previous low at $168.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, May 7, the price of Ethereum was in a bearish trend. On May 7, the crypto’s price reached a high of $191.83 but the bulls were resisted at the $190 price level. The crypto’s price fell to the previous resistance level now a support level of $176. A trend line has been drawn to determine the continuity of the bearish trend.

On the downside, the bearish trend is ongoing if the trend line is unbroken. That means the price may fall to the previous low at $168. On the upside, if a bullish candlestick breaks the trend line and another one closes on the opposite of it; the bearish trend will be terminated.

The crypto’s price will rise to retest the $190 resistance 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 a bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH was in a bearish trend zone. On May 7, the crypto’s price reached a high of $190 price level and the bulls were resisted. The crypto’s price fell to the support of the 12-day EMA and commenced a range bound movement.

The crypto’s price was resisted again at the $187.50 and $182 resistance levels as the price fell to a low at $174.25. 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: May 7, 2019

Today’s Ethereum (ETH) News

If anything, Ethereum as a platform is trusted by the developer community. It has the advantage as a pioneer in smart contracting with guiding figure heads like Joseph Lubin and Vitalik Buterin for example.

Read: Ethereum Proof of Stake (PoS)’s Phase Zero Code Can Be Ready Before July 2019

Aside from that, they have a clearly defined road map and has the word from the US SEC whose officials have in numerous occasions confirmed that the platform is indeed compliant with blockchain principles, is fully decentralized and above all, no one person has control over the native currency’s value. Ether (ETH) is what powers the network and as a programmable money, analysts reckon that external developments outside the project’s developments as upgrades to Serenity and Ethereum 2.0 would immensely contribute in the next wave of higher highs.

While Joseph Lubin is confident that the network would be a global settlement layer once the four-phase development journey is over leading to a 1000X surge in prices, news that the US Futures and options market regulator in the CFTC would be comfortable with an Ether (ETH) based derivatives as long as they comply with all their requirements five months after an RFI should be  a boost for the currency.

Also Read: Trusted CFTC Source Says Ethereum Futures Could Get The Green Light By US Regulators Soon

Although the source preferred to remain anonymous, any approval would mean institutional involvement and like Bitcoin, the asset’s liquidity would be deep as these HNWI can invest in a transparent and regulated manner.

ETH/USD Price Analysis

Ethereum ETH

At the time of press, Ethereum (ETH) is up 14.6 and 10.8 percent from last week’s and yesterday’s close. Because of that Ethereum (ETH) bulls are back, confirming buyers of early April. Besides, yesterday’s upswing does invalidate the bear breakout of Q4 2018 and as such, both set of traders should search for loading opportunities in smaller time frames. It is easy to see why.

First of all, note that Ethereum (ETH) is reacting at the 78.6 percent Fibonacci retracement level of Apr-2-8 high low. Marking resistance for lower lows is a high-volume, wide-ranging bull bar printing a double bar bull reversal pattern which confirms the correction of Apr-25 undervaluation.

With these developments, the path of least resistance is clear and while risk-off, aggressive traders can buy on dips, risk-averse traders ought to be in the sideline until after prices rally past Apr-2019 highs of around $190. Once there is a sharp break above this mark, traders should watch participation levels. Technically, that should exceed those of Apr-3 of 508k and in a trend continuation phase of a typical breakout, the path towards $250 would be on.

Author: Dalmas N


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

  • On the upside, if the $168 price level holds, the bulls will retest the $176 resistance level.
  • On the other hand , if the $168 price level is broken the crypto’s price will fall to a low at $164.

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 bullish trend zone. The crypto’s price rose to a high of $176 price level. The bulls broke the $170 and $172 price levels but failed to break the $176 resistance level. The crypto’s price fell as 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 $168.99 and commenced a range bound movement below the EMAs.

On the upside, if the $168 price level holds, the bulls will retest the $176 resistance level. On the other hand , if the $168 price level is broken the crypto’s price will fall to a low at $164. 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 price of ETH was in a bearish trend zone. Last week the crypto’s price fell at the $178 and $172 resistance levels. On May 4, the crypto’s price fell to a low at $169.04. The following day the price further depreciated to a low at $167.33.

The crypto’s price is below the EMAs and price may likely fall. 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: May 4, 2019

  • On the upside, the crypto's price retested the $190 resistance level and it is retracing.
  • On the downside, if the bulls failed to break the $190 resistance level, the crypto's price will fall to the support of the EMAs for a bullish trend resumption.

ETH/USD Long-term Trend: Bullish

Resistance Levels: $350, $370, $390
Support Levels: $160, $140, $130

The ETH/USD pair is in the bullish trend zone. Yesterday, it was assumed that if the bulls break above the EMAs, the crypto's price will rise to break the $176 resistance level. The crypto's price has broken the $176 resistance level. Today, the bulls are approaching the $190 price level. On the upside, the crypto's price retested the $190 resistance level and it is retracing.

On the downside, if the bulls failed to break the $190 resistance level, the crypto's price will fall to the support of the EMAs for a bullish trend resumption. Presently, the price of Ethereum is trading at the $172.93 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: May 3, 2019

  • As long as the crypto’s price is above the EMAs, the bulls will rise to retest or break the $172 resistance level.
  • On the downside, if the bears break below the EMAs, the crypto’s price will fall to a low at $158.

ETH /USD Medium-term Trend: Bullish

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

Yesterday, May 2, the price of Ethereum was in a bullish trend zone. The crypto’s price is above the 12-day EMA and the 26-day EMA but the bulls are yet to break the $172 resistance levels. After the first resistance, the crypto’s price fell to the support of the 12-day EMA. The ETH price was resisted again at the $170 price level in the second attempt to break the $172 price levels.

As long as the crypto’s price is above the EMAs, the bulls will rise to retest or break the $172 resistance level. On the downside, if the bears break below the EMAs, the crypto’s price will fall to a low at $158. 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 price of ETH was in a bullish trend zone. On May 2, the bulls broke the 12-day EMA and the 26-day EMA to reach the bullish trend zone. Today, the bulls tested the $171 price level and were resisted . The ETH price fell to a low at $170 and commenced a range bound movement.

The crypto’s price is above the EMAs which indicate that price 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: May 2, 2019

  • The bulls defended the $166 price level as it broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone.
  • On the upside, if the price is sustained above the EMAs, the bulls will retest the $172 and $176 resistance levels.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, May 1, the price of Ethereum was in a bearish trend. On April 30, the crypto’s price failed to reach the $176 resistance level as the bulls were resisted at the $172 price level. The price fell to the support of the 26-day EMA or at the low of $166.33 price level. The bulls defended the $166 price level as it broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone.

Today, the price of Ethereum is above the EMAs as it resumed another bullish trend. On the upside, if the price is sustained above the EMAs, the bulls will retest the $172 and $176 resistance levels. On the downside, if the bears break below the EMAs, the crypto’s price will fall to a low at $158. 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 price of ETH was in a bearish trend zone. The crypto’s price was in a downward trend as the bears broke the 12-day EMA and the 26-day EMA. Initially, the crypto’s price fell to the support of EMAs as the bulls resumed its bullish trend. The bulls were overpowered at the $169 resistance level.

The price fell to the $166 price level to resume another bullish movement. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral 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: May 1, 2019

  • If the price retraced and was held at the support of the 12-day EMA and the 26-day EMA, then the crypto’s price will resume its bullish trend to retest the $172 and $176 price levels.
  • On the other hand, if price retraced and broke below the EMAs, the crypto’s price will fall to a low at $160 or $56 price level.

ETH /USD Medium-term Trend: Bullish

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

Yesterday, April 30, the price of Ethereum was in a bullish trend. Yesterday, the crypto’s price was in a bullish trend to retest the $176 price level but the bulls were resisted. The bulls were resisted at the $172 price level and the price commenced a retracement. If the price retraced and was held at the support of the 12-day EMA and the 26-day EMA, then the crypto’s price will resume its bullish trend to retest the $172 and $176 price levels.

On the other hand, if price retraced and broke below the EMAs, the crypto’s price will fall to a low at $160 and $156 price levels. 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 price of ETH was in a bullish trend zone. The 12-day EMA and the 26-day EMA are trending northward. The crypto’s price is trending on the 12-day EMA and the 26-day EMA. The bulls tested the $172 resistance level and were resisted. The price retraced to the support of the 12-day EMA.

If the 12-day EMA holds, the crypto’s price will resume its bullish trend and retest the $172 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 29, 2019

  • On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $176 resistance level.
  • On the downside, if the bears break below the EMAs, the crypto’s price will fall to the $155 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 bearish trend. The crypto’s price had been on a downward trend since April 23, after the bulls were resisted at the $176 price level. On April 25, the crypto’s price fell to its low  at $154.55. The support level was holding as the crypto’s price rose and broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone.

The bulls were resisted in the bullish trend zone as the price fell to the support of the EMAs. On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $176 resistance level. On the downside, if the bears break below the EMAs, the crypto’s price will fall to the $155 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 a bullish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of ETH was in a bullish trend zone. The bulls were facing resistance at the $166 price level. On April 27, the bulls tested the $166 price level and the price fell to the support of the 12-EMA. On April 28, the bulls tested the $166 price level and the price fell below the EMAs. The bulls pulled back price above the EMAs.

The crypto’s price is rising to retest the $166 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 27, 2019

  • On the upside, if the bulls break the EMAs, the crypto’s price will retest the $176 resistance level.
  •  However, if the bulls fail to break the EMAs, the crypto’s price is likely to fall to the support of the $140 price level.

ETH/USD Long-term Trend: Bearish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $160, $140, $130

The  price of Ethereum had been in the bullish trend zone in the month of April. On April 1, the ETH price has an opening balance of $143.78 and a closing balance of $160.95 as at April 26. This implies that the crypto's price has appreciated by 11.8% of its capitalization in the month of April. On April 18, the bulls reached a high of $175 but were resisted at the $176 resistance level. The crypto’s price is retracing to the support of the 26-day EMA for a bullish trend resumption. On the upside, if the bulls break the EMAs, the crypto’s price will retest the $176 resistance level.

However, if the bulls fail to break the EMAs, the crypto’s price is likely to fall to the support of the $140 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 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 26, 2019

  • On the upside, if the $154 price level holds, the crypto’s price will resume its bullish trend to retest the $176 resistance level.
  • On the other hand, if the bearish trend continues, the crypto’s price will fall either to the lows of $140 or $160.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, April 25, the price of Ethereum was in a bearish trend. The crypto’s price had been on a downward trend since April 23, after the bulls were resisted at the $176 price level. The crypto’s price fell to the $164 price level and commenced a range bound movement above it. Yesterday, the bulls were resisted at the $164 as the price fell again to a low at $154.55. This was a previous low of April 15.

On the upside, if the $154 price level holds, the crypto’s price will resume its bullish trend to retest the $176 resistance level. On the other hand, if the bearish trend continues, the crypto’s price will fall either to the lows at $140 or $160. 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 was in a range bound movement above the $165 price level. Yesterday, the bears broke the 12-day EMA and the 26-day EMA and price fell to the bearish trend zone. The price fell to a low at $155.11 and commenced a bullish trend.

If the bulls break the EMAs, the crypto’s price will retest the $165 price level. 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 25, 2019

  • On the upside, if price breaks above the EMAs and the trend line, the crypto's price will resume its bullish trend to retest the $178 resistance level.
  • On the other hand, if the price resumes a downtrend, the crypto's price will fall to a low at $160.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, April 24, the price of Ethereum was in a bearish trend.  Yesterday, a trend line was drawn to determine the duration of the bearish trend. Today, a candlestick has broken the trend line and another one closing on the opposite of it. This indicates that the bearish pressure has been exhausted and the price is in a sideways trend.

On the upside, if price breaks above the EMAs and the trend line, the crypto's price will resume its bullish trend to retest the $178 resistance level. On the other hand, if the price resumes a downtrend, the crypto's price will fall to a low at $160. 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 12-day EMA and the 26-day EMA are trending southward indicating a downward trend. Yesterday, the crypto’s price fell to a low at $163 and resumed a bullish trend. The bulls were restricted at the 26-day EMA as the price fell into the bearish 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 in the bearish trend zone.

Author: Azeez M


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

  • On the upside, if price breaks above the EMAs and the trend line, the crypto's price will resume its bullish trend to retest the $178 resistance level.
  • On the other hand, if the trend line is unbroken, the crypto's price will fall to a low at $160 or $168.

ETH /USD Medium-term Trend: Bearish

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

Yesterday, April 23, the price of Ethereum was in a bearish trend. Yesterday, the bulls tested the $178 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 price fell to a low at $170.43. The crypto’s price is below the EMAs which indicate that price is likely to fall.

Meanwhile, a bearish trend line has been drawn to determine the duration of the bearish trend. The conditions are that a bearish trend is ongoing if the trend line is unbroken. However, if a bullish candlestick breaks the trend line and another one closes on the opposite of it, the bearish trend is said to be terminated.

On the upside, if price breaks above the EMAs and the trend line, the crypto's price will resume its bullish trend to retest the $178 resistance level. On the other hand, if the trend line is unbroken, the crypto's price will fall to a low at $160 or $168. 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 a low at $168 and commenced a bullish trend. If the bulls break the EMAS, the crypto’s price 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 in the bearish trend zone.

Author: Azeez M


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

  • On the upside, if the bulls break above the EMAs, the crypto's price will resume its bullish trend to retest the $176 resistance level.
  • On the other hand, if the bearish trend contiues, the crypto's price will fall to the $160 support level.

ETH /USD Medium-term Trend: Ranging

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

Last week the price of Ethereum was in a bullish trend. The bulls tested the $176 resistance level and were resisted. The crypto’s price fell to the 12-day EMA and trended above it. The bulls made another attempt at the $176 resistance level and were resisted. 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 $169.09 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 to retest the $176 resistance level. On the other hand, if the bearish trend contiues, the crypto's price will fall to the $160 support level. 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: Bullish

On the 1-hour chart, the crypto's price is in a bearish trend zone. On April 18, the crypto’s price fell and trended above the $174 before breaking below the EMAs. The crypto’s price fell to a low at $168.95 and commenced a bullish movement.

The ETH price is trading at $171.30 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: April 20, 2019

  • The $160 support level was holding as the crypto’s price commenced its bullish trend.
  • On the upside, if the bulls break the $176 resistance level, the crypto’s price will retest the $184 resistance level.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $350, $370, $390
  • Support Levels: $160, $140, $130

The ETHUSD pair had been in the bullish trend zone since the beginning of April. On April 8, the bulls reached a high of $181.45 but were resisted at the $184 price level. The ETH price made a downward correction as the price fell to the support of a $160 support level. The $160 support level was holding as the crypto’s price commenced its bullish trend.

On April 18, the bulls reached a high of $175 but the bulls were resisted at the $176 resistance level. The crypto’s price is retracing to the support of the 2-day EMA for bullish trend resumption. On the upside, if the bulls break the $176 resistance level, the crypto’s price will retest the $184 resistance level.

However, if the bulls fail to break the resistance level, the crypto’s price is likely to fall to the support of the EMAs. 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 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 17, 2019

  • The ETH price is trading at $167.48 which is likely to face resistance at the $170 price level.
  • On the other hand, if the crypto’s price is resisted, the price will fall to the previous low at $156.0 price level.

ETH/USD Medium-term Trend: Bullish

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

Yesterday, April 16, the price of Ethereum was in a bullish trend. Yesterday, the crypto’s price was in a bullish trend after the crypto’s price has fallen to a low at $158.88. The ETH price is trading at $167.48 which is likely to face resistance at the $170 price level.

On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $184 resistance level. On the other hand, if the crypto’s price is resisted, the price will fall to the previous low at $156.0 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 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. Yesterday, the bulls broke above the EMAs to reach the bullish trend zone. The price is above the EMAs which indicate that the crypto’s price is likely to rise.

If the bullish trend commences it may face resistance at the $170 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