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Ethereum Price Analysis – ETH Continues To Consolidate Around $250

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Ethereum ETH, 0.05% has seen 6% price fall over the past 7 days of trading, bringing the current trading price down to around $250 at the time of writing. Despite the recent price declines, Ethereum has experienced a 38% price increase over the past 30 days with a further 63% price increase over the past 90 days.

Ethereum has largely been dragged down recently due to the retracement displayed by Bitcoin BTC, 2.08%. Against Bitcoin, Etherem is still holding strong above the 0.031 BTC level.

The cryptocurrency is currently ranked in 2nd position as it presently holds a $25.85 billion market cap valuation.

Ethereum price analysis

What has been going on?

Taking a look a the daily Ethereum chart above, we can see that ETH has been trading within a short period of consoldiation since reaching the resistance around the $270 level. Price action is currently trading at the $250 level with strong support beneath at the $228 level.

Ethereum short term price prediction: Neutral

In the short term, Ethereum remains neutral until a break either above $271 or beneath $228. Above $271, the market will turn bullish in the short term, beneath $228, the market would turn bearish.

If the sellers group up and push the market beneath $250, we can expect immediate strong support beneath to be located at the short term .382 Fibonacci Retracement level (drawn in green) priced at $228. Beneath this, further support is expected at $220 and $213. The support at $213 is provided by the short term .5 Fibonacci Retracement level.

If the selling continues further beneath the $200 level, lower support is then to be expected at $193, $180 and $176

Ethereum medium term price prediction: Bullish

Over the medium term, the Ethereum price prediciton is most certainly bullish after Ethereum has managed to climb from a low of $100 to where it currently trades at around $250.

If the bulls manage to push ETH/USD above the current resistance at $271, we can expect immediate resistance above to be located at $280 and $298. The resistance at $298 is provided by a long term bearish .382 Fibonacci Retracement level (drawn in red) measured from the July 2018 high to the December 2018 low.

If the buyers continue to climb above $300, we can expect more resistance above to then be located at the short term 1.272 and 1.414 Fibonacci Extension levels (drawn in blue) priced at $315 and $334, respectively.

What are the technical indicators reading?

The RSI is above the 50 level, which is a positive sign as it shows that the bulls are in charge of the ETH market’s momentum. However, the RSI is falling, which indicates that the previous bullish pressure is beginning to run out of steam. If the RSI can remain above the 50 level during the retracement, we can expect the ETH/USD market to rebound and continue higher toward the $300 level.

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Ethereum

Ethereum Forecast and Analysis September 16 — 20, 2019

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Ethereum ETH/USD closes the trading week at 177.42 and continues to move as part of the fall and the formation of the bullish «Wolfe Wave» pattern. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to fall and test the support level near the area of ​​130.45. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 250.00.

Ethereum Forecast and Analysis September 16 — 20, 2019

In favor of raising the ETH/USD quotes for the current trading week from September 16 to 20, 2019, a test of the support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the bullish «Wolfe Wave» model. Cancellation of the growth option will be a fall and a breakdown of the level of 95.00. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 55.00. A confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 215.00.

Ethereum Forecast and Analysis September 16 — 20, 2019

Ethereum Forecast and Analysis September 16 — 20, 2019 implies an attempt to test the support area near the level of 130.45. Where can we expect a rebound and continued growth of the cryptocurrency in the region above the level of 250.00. An additional signal in favor of the rise in Ethereum will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 95.00 area. In this case, we should expect continued decline with a target below the area of ​​65.00.

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Harbor Tokenizes Real Estate Funds Worth $100 Million on Ethereum

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Harbor has pivoted from helping companies issue security tokens to helping them tokenize existing securities.

Announced Monday, the startup has created tokens on the ethereum blockchain representing the shares of four real estate funds worth $100 million.

The move is intended to make these private securities easier to trade for the 1,100 investors that hold them, along with 17 broker-dealers and 17 placement agents that work with the funds’ manager, iCap Equity.

“For years, we’ve been looking for ways to create the best investment experience we can and for us that means providing liquidity for them,” said Chris Christensen, CEO of Bellevue, Washington-based iCap.

The news also represents a strategic shift for Harbor, from helping clients raise funds by selling security tokens to providing an infrastructure layer for such instruments.

Harbor “evolved from crowdfunding and tokens to being the Salesforce.com” of the security token industry, said Josh Stein, CEO of San Francisco-based Harbor.

Initially, the company tried to build tokens backed by real-world assets. It reckoned that if investors were interested in initial coin offerings (ICOs) issued by projects with only a promise, they would “be excited” for backed tokens, Stein said.

However, he added:

“The overlap between investors demanding tokens and investors interested in security tokens was zero. People were buying tokens but they weren’t buying it to invest, they were buying it to speculate.”

Last year, Harbor partnered with DRW Holdings’ real estate wing to facilitate the sale of nearly 1,000 tokenized shares in an apartment building. However, the deal fell apart earlier this year due to issues between the mortgage lender and issuer.

Lockup period

Harbor is providing a user platform for the investors, broker-dealers and advisors, which includes a private marketplace they can use to trade the securities.

Christensen said the funds are “high-yield, [which] usually requires a lockup” under which investors contractually cannot sell their shares for three to five years.

“We just knew if we can provide measured liquidity for them and allow us to continue our business model [but] allow them to … exit as needed, that would be cutting-edge,” he said.

Typically, iCap investors buy securities and commit to the multi-year lockup. However, investors could need their money back before that period ended, Christensen explained. Under its old system, these investors would have to find another investor who would be willing to purchase the securities and commit to the remainder of the lockup period.

The process to find an investor interested in purchasing these securities and then transfer them was time-consuming and costly, but a market already exists: Christensen said his company has previously facilitated $2 million in trades for these funds.

“What Harbor does is they automate this entire process,” he added. “Those who want to come in come in, those who want to exit can do that.”

The 17 broker-dealers that now have access to the platform include Bradley Wealth, an investment advisor.

“It’s never going to be like a public market, but we can take something that’s illiquid or semi-liquid and make it more liquid,” Stein said.

‘Nobody’s marketing it’

iCap operates under Rule 144 of the Securities Exchange Act of 1934, which requires a one-year mandatory lockup period for securities sold, separate from the restrictions the firm imposes, Christensen said.

“Once you’ve held a security for one year, it can be freely tradeable,” he said.

What is interesting, Stein said, is that after this first year ends, non-accredited investors can trade the securities (though iCap approves the platform’s users, so it is not open to the general public).

“I don’t think it’s a goal but what it says to these broker-dealers and RIAs [is] that they have this investment … they can get their non-accredited clients into it,” he said.

He noted that unlike ICOs or other crowdfunding efforts, these fund shares, now represented by ERC-20 tokens on ethereum, are passive instruments.

“It’s not like when you think of ICOs or crowdfunding where somebody’s pushing an investment,” he said. “It democratizes it but nobody’s out there marketing it.”

Nevertheless, Stein said the new strategy is aligned with Harbor’s broader mission, concluding:

“What we’re hoping to do is increase access … in real estate and other [areas], which was kind of the promise of security tokens to begin with. We’re just going about it a different way.”

source.coindesk.

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Ethereum Price Analysis – ETH On The Move Back Above $200 As Bulls Wake-Up Against BTC

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Ethereum price:$189
Key ETH resistance levels:$193, $200, $202, $210, $213, $215
Key ETH support levels:$185, $176, $171, $165, $158, $149

*Price at the time of writing


Ethereum ETH, 0.94% has seen a 1.16% price hike over the past 24 hours which has allowed the cryptocurrency to reach the $190.48 level. Ethereum has been on a decent run this week after increasing by a total of 5.49% – making it the strongest performer amongst the top 5 cryptocurrency projects.

If this bullish press can continue for ETH, we could see Ethereum testing the $250 level toward the end of the month. Ethereum remains ranked in 2nd position with a total market cap value of $20.59 billion. Ethereum still has a long recovery ahead of itself after losing 28% throughout the past 3 months.

Ethereum price analysis

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What has been going on?

Taking a look at the daily chart above, we can see that the latest price increase has now allowed Etehreum to rise back above the $190 level as it currently tests resistance at the previous rising support trend line (now turned to resistance).

Ethereum price short-term prediction: Neutral/Bullish

This recent uptick has now turned this market from bearish to neutral. For the market to be considered as bullish, we would need to see price action rise and break above the $202 level to create a fresh high. If this market was to drop beneath the support at $165, then the market could be considered as bearish.

If the buyers continue to drive price action above the current level of resistance, initial higher resistance is then to be expected at the $200 and $202 levels. Above $202, resistance is then expected between $210 and $213, provided by the 100-day EMA and 200-day EMA. If the buyers can continue beyond this level of congestion, resistance is then expected at $220, $225, $235, $240, $250, $271, and $287.

What are the technical indicators showing?

The RSI has recently penetrated above the 50 level, which shows that the bulls have now gained control over the market momentum. If the RSI can remain above 50 and climb higher, we can expect Ethereum to certainly head back above $200.

Trade idea – Buy Ethereum above ₿0.0019.

Ethereum has risen quite sharply against BTC. If this bullish pressure can continue higher, we can certainly expect ETH/BTC to make its way toward ₿0.020 and further higher.

In this trade idea, we will buy ETH once it breaks up above ₿0.019. This is to confirm that the market can break above the current resistance at ₿0.0189. Stops can go a little beneath ₿0.018 to protect yourself if the market heads in the opposite direction.

The first target of this trade is located directly at the ₿0.02 level. This level of resistance is provided by the long term bearish .236 Fibonacci Retracement level. Above ₿0.02, we can then look for the next target to be located at ₿0.02180 (100-day EMA) with the last target at ₿0.02235.

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