ETH Forecast

The ETH/USD price is incredibly moving upwards. The price may rise to above $ 130 and $ 135 to a powerful uptrend. Last week, the price dropped below the support at $ 126. However, the ETH/USD  The 4-hour price chart reveals that the price got close to the support zone at $ 122 and remained under 100 SMA. Eventually, the ETH/USD formed its latest low close to $ 123 before the start of an upside correction. The price continued over…

ETH/BTC Weekly 1  ETH/BTC Daily 1  From a higher time perspective, it appeared that ETH/BTC was accumulating between 0.0188 and 0.0222 BTC before breaking the range low. Now, if the price finds support at 0.01778 BTC and consolidates within this range, it would suggest that the accumulation phase has further extended between 0.01778 and 0.0222 BTC. For the last four days, Ether has been falling like a knife. ETH/BTC failed to trend higher – dropping 11% from 0.02 BTC –…

This year, ETH's price declined to a 9-month low, hence losing almost all the gains it accrued. The decline is one of the cryptocurrency market moves, influenced by the decrease in BTC's price at $ 7 000. Some individuals, however, believe that the price of ETH will not surge anytime soon. Some market participants are negative concerning ethereum, and this may be contributing to its bearish performance. One of these participants is Messari company researcher, who wrote a paper entitled…