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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

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 Longs

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.

ETH-BTC Chart

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.

Trading Bitcoin (BTC), Litecoin (LTC) and other cryptocurrencies on the online Bitcoin forex broker platform evolve.markets.

[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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