- Ethereum Crosses Weekly MACD
- When Bullish?
Ethereum has been amongst altcoins showing double-digit gains and it’s long term technical indicators are turning bullish once again.
ETHEREUM CROSSES WEEKLY MACD
It would be fair to say that Ethereum is still deep within a two-year bear market. Since its heady peak, this time two years ago the world’s second most popular crypto asset has dumped 88% to current levels.
It has remained lethargic throughout 2019 with insignificant gains compared to its big brother. Ethereum actually ended the year lower than it started.
2020 has started on a slightly brighter note, but it couldn’t have got much worse for ETH prices.
So far this year Ethereum has gained 23%, most of that over the past couple of days. Prices have retreated back to the $160 level over the past couple of hours however as altcoins correct from their massive pump yesterday.
ETH prices 1 hour – Tradingview.com
The 50-day moving average turned positive earlier this month which could result in a golden cross on this time frame if bullish momentum continues.10 BTC & 20,000 Free Spins for every player in mBitcasino’s Winter Cryptoland Adventure!
Another long term indicator has been observed by Trustnodes, and that
According to Tradingview, the MACD takes the difference in values between two Moving Averages and an EMA of those Moving Averages and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line.
The MACD on the weekly time frame has turned bullish for the first time since December 2018 when Ethereum started to recover from its sub $100 low. The histogram is used as a good indication of an asset’s momentum.
The next step up for ETH prices would be the $185 resistance level where it spent a lot of time in October and November.
Traders are currently eyeing a bull flag pattern that is emerging on the ETH charts and the short term resistance is $170 which was yesterday’s top.
Fundamentally Ethereum is still strengthening with the largest developer base and most dApps in the ecosystem.
Add to that massive momentum and in Defi markets and it is easy to see that Ethereum will not stay on the floor for much longer. There is currently 3.1 million ETH locked in decentralized finance contracts and this figure is likely to increase as it evolves into a new financial ecosystem.
ETHEREUM: Will It Rise Again? – The Coin Republic
- Ethereum is one of the leading and most successful Cryptocurrency that is out there, it valued at 168.16 USD.
- Analyst Bobby Ullery believes that blockchain technology will play a crucial role in the future economy and international trade.
- The predictions state that in January Ethereum will make it to $720, and by the end of the year it will reach $1488.
Ethereum is one of the leading and most successful Cryptocurrency that is out there. As of now, it valued at 168.16 USD. There has been quite a momentum in the market price as we entered the New Year 2020.
People still have faith in ETH, and they predict that it will rise, and by the end of the year, it will equal or break its own all-time high back in 2017 when it increased by 10,000%.
Looking at the history of the Cryptocurrency market and its volatile nature, people still try to predict the price of the market. There are a few predictions that have gained much popularity. One is from online analyst Bobby Ullery, and the other is from CoinKir.
Eth Price Prediction by Analyst: Bobby Ullery
Analyst Bobby Ullery believes that blockchain technology will play a crucial role in the future economy and international trade. According to him, Bitcoin and Ethereum will each hold 25% of the entire cryptocurrency industry, which he predicts will have a total market capitalization of $4.5 trillion in 2020.
For the people who do not understand market capitalization pay close attention. You get the value when you multiply the number of coins in circulation with
For Ullery’s prediction to come true, the Ethereum value should rise by 775%. This is not at all an unrealistic speculation considering its previous rises.
Eth Price Prediction by CoinKir
Coinkir gave another prediction by using technical price analysis. This method tries to find trends in price movements in the past — this method used in real-world financial markets.
But the problem arises is that the real world market has more than 50 years of data which is not available in the cryptocurrency market.
Although the predictions state that in January Ethereum will make it to $720, and by the end of the year it will reach $1488. If this prediction is correct, then the market capitalization of Ethereum will be $148 billion.
Apart from these predictions, some factors can gravely affect the price of Ethereum in the coming years. With the emergence of new protocols like plasma and sharding that meant to increase the number of transactions in a shorter time, If Ethereum inculcates these protocols, the prices will shoot up instantly.
Another factor is shifting from POW to POS will also help in the improvement of validating transaction much faster. Although these factors are highly effective, it is also essential to know that these ideas are in their early days, and no one knows how long will it take. One can only wait and keep himself updated with all these development.
Ethereum Price Analysis: ETH/USD breaks above flag formation and $170 barrier
- The SMA 20 curve has crossed above the SMA 50, which is a bullish sign.
- The RSI indicator is creeping along the edge of the overbought zone.
ETH/USD daily chart
ETH/USD bulls made a comeback this Friday, following a bearish Thursday. The price went up from $164 to $171, breaking above the flag formation in the process. After falling back into the
Ethereum (ETH/USD) forecast and analysis on January 18, 2020
Cryptocurrency Ethereum (ETH/USD) is trading at 165. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator stripes.
Ethereum (ETH/USD) forecast and analysis on January 18, 2020
As part of the Ethereum forecast, a test of level 160 is expected. Where can we expect an attempt to continue the growth of ETH/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 183. The conservative buying area Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 147.
Ethereum (ETH/USD) forecast and analysis on January 18, 2020 implies a test level of 160. Further growth is expected to continue to the area above level 183. The conservative buying area is located near area 147. The breakdown of the growth option for cryptocurrency will be the breakdown of level 142. In this case, we should expect further fall.