After a wave of sideways trading in the crypto market, Bitcoin and other major cryptos have been able to gain an influx of buying pressures that have sent them climbing today. Ethereum (ETH) is a great crypto competition that has climbed today, but it is facing increasing resistance around today's price level.
Despite this opposition, an analyst still has a goal for Ethereum around $ 200, which is significantly higher than the current price of $ 143.
Ethereum (ETH) faces fresh resistance levels around $ 144
Ethereum is currently trading over 3% at today's price of $ 142.5. Earlier today, ETH rose to highs of $ 144 before quickly pushing down its current price levels, and signaled that this price is likely to be a new level of resistance.
Despite this, UB, a popular cryptocurrency analyst on Twitter, recently explained that it is important that ETH closes over $ 1
"$ ETH – Waiting for the daily shutdown before taking a position … A close below $ 139 would be the key for me to enter a short position … $ 115 is still an area of interest to me if there are disadvantages, he explained.
$ ETH – Waiting for the daily closure before taking a position
A close below ~ $ 139 would be the key for me to enter a short position.
– UB (@CryptoUB) March 16, 2019  Analyst: ETH Still Likely to Target $ 200 in the near future  Ethereum's recent price hike can be quite bullish in a long-term perspective, as DonAlt, another popular cryptocurrency trader on Twitter, recently explained that he is targeting $ 200 for ETH in near future.
"$ ETH: When I opened my swing ETH for $ 100 for e n month ago I targeted $ 200. My macro view is still the same, expecting much higher rates … I've been bearish the last three weeks, which has changed with newer PA & this S / R tab. If I'm stopped, I'll try again lower, "explained DonAlt.
$ ETH :
When I opened my turn ETH for a long time at $ 100 a month ago, I measured $ 200.
I've been bearish in the last three weeks, it has changed with newer PA and this S / R flip.
If I'm stopped, I'll try again Lower. pic.twitter.com / xvH8ohfjq9
– DonAlt (@CryptoDonAlt) March 15, 2019
If the crypt markets, led by Ethereum, are able to continue to rise as the weekend goes on, it will probably give a positive tone for the week ahead, and could lead Ethereum to climb as high as $ 200, which would validate DonAlts technical analysis.
Traders should look into Bitcoin to guide where the markets go, as it is critical that BTC can maintain over $ 4,000 to get additional winnings possible.Featured image from Shutterstoc k.