Ethereum Price Analysis: Is ETH Carving a Path to $ 200?

Bitcoin turned $ 5,300 today and hacked a new 2019 all-time high of $ 5,352 on Coinbase. The ETH USD pairing followed, and the topmill now appears to be $ 200.

Earlier this week, the Ethereum Prize 0 0 through the $ 155 opposition and over the weekend, the altcoinet managed the resistance level of $ 165. Once over $ 165 there has been literally blue sky breakout for ETH and altcoin is now trading at $ 1[ads1]85. The next levels to break are $ 200 and $ 225

Investor sentiment for Ethereum has also gained a boost and over the weekend, and a number of analysts suggested that the ETH USD pairing grew increasingly bullish and many demanded a run of $ 190 to $ 200. Etereum Classic ( ETC) 0 0 also pumped hard in the earlier hours on Sunday 7 March. The general theory of a rising tide that lifts all ships can also help lift the ETH price as the overall crypto competition market benefits from Bitcoin's latest trend reversal.

ETH-USD Shorts


ETH-USD shorts continue to fall to new all-time downs and ETH-USD lengths have reached a new full-time high. ETH BTC mating has also finally become bullish and 12 EMA recently crossed over 26 EMA when ETH exploded over the upper arm of the Bollinger Band indicator.


1-Hour Chart

At the time of writing, ETH appears to temporarily settle at the 78.6% Fib retracement level of $ 180 (26 EMA) and it is also support of $ 174.66 (61.8%). The ethereal price remains in order as long as it remains above the rising $ 170 trend line, which also targets the 50% Fib retracement.

4-Hour Chart

Currently, the 4-hour MACD, Stoch and RSI are all bullish and ETH 0 0 also broke the bearish trend line on RSI. The hourly chart suggests that ETH cools down after an impressive race, and a quick glance at the order book at Coinbase and Kraken shows strong buys of $ 180 interest, so possible ETH series listings from $ 180 to $ 174.

How soon do you think that ETH will reach $ 200? Share your thoughts in the comments below.

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[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by Bitfinex and Coinbase.]

Images by Law of Shutterstock, TradingView. Market data obtained from Bitfinex and Coinbase

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