Ethereum (ETH) Trends In Tight Range Between $138.00 And $140.00

Ethereum price today is slowly moving lower against the USD and BTC. If the Ethereum price analysis for today is correct, the second largest cryptocurrency per market capitalization may continue to trade in a tight range of $138.00 and $140.00. It is important that the price of ETH stays above the support at $135 to maintain its hold against the USD. Falling below this support might pave a way for the price of Ethereum to fall even lower against the USD.

Ethereum Price Prediction 2019: Ethereum Price Today

How much is one ether today? At the time of writing, ETH sold at $135.21. This shows that it is down by 1.02% against the USD and down by 0.66% against BTC. The 24 hour trading volume is $4,468,264,519 and the market capitalization is $14,222,252,669. The cryptocurrency has been trying to cross above the resistance at $140.00 for a while now but has been unable to succeed. There are key resistances at $138 and $140 while there are key support levels at $130 and $135. The relative strength index is near the 45 levels and the 12-hour MACD is entering into the bearish territory.

Ethereum (ETH) Price Today – BTC / USD

#NamePrice24H %
2
ethereum
Ethereum(ETH)
$143.07
-0.82%

Ethereum price today isn’t just falling against the USD. It is also falling against BTC. It broke the support at 0.0350BTC and 0.0348BTC. Moving lower will cost it to lose more significant support against the USD.

The $135.00 support was what held the price from falling lower significantly against the USD. If the Ethereum price today falls below this crucial $135.00 level, it will most likely sink as low as $124.00. This coincides against the 61.8% fib retracement level of the past rise from $101.40 to $167.41.

Moving above the $140.00 resistance, on the other hand, will give the bulls significant momentum to push the price of Ethereum higher against the USD. This isn’t going to be just any bull rally. If sustained, the price of Ethereum will move as high as the $160 level. Since our previous Ethereum price analysis suggests that Ethereum will lead the next bull run, it’s not a bad idea to accumulate now.

There are strong fundamentals that support an upcoming rise in the price of Ethereum. Do you think an Ethereum bull run is going to happen anytime soon? Share your thoughts in the comment section

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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