ETH price double to hit $ 160 while traders wait for Altcoin season
As experts predicted, 2019 is not a safe haven for cryptocurrencies: the bearish trend has weakened, but cryptocurrency rates are not rushing into price. While Bitcoin is attempting to touch its levels in Q2 2019, altcoins remain around support levels, and Ethereum is no exception. What are Ethereum price forecasts for the next few weeks, and what do analysts think about the future?
The Altcoin market is in trouble
The situation in the crypto market is alarming: altcoins are going down, and down and down. Experts are concerned: During this protracted downtrend, many altcoins may hit the lowest lows in 201[ads1]9.
Alt coins are wiped out. They can easily escape another 80% from here, as large ambushers, VC and "Diversified Crypto Funds" rush for the exit.
From their all-time high vs. BTC:
Ethereum: -85%
EOS: -83%
BCash: -83%
Ripple: -82%
Litecoin: – 72% pic.twitter.com/xokXf6WByN– Jonathan Hamel ☣️ (@jhamel) September 4, 2019
Bitcoin dominance has never been so pronounced.
# 2 "crypto," Ethereum, fell just under 10% of bitcoin's market capacity for the first time in years. "Crypto" is increasingly becoming just Bitcoin.
– dennis ? (@pourteaux) September 4, 2019
In the near future, there will be nothing for Ethereum to base its growth on.
#ETH #signals The award holds during all three MAs and news talk about Ethereum scalability problem. Not the best soil for growth. RSI holds in the bearish range, but MACD shows a divergence.https: //t.co/RaK4SvUaVV pic.twitter.com/6GRPKuM7EV