Over the past three days, cryptocurrency news has been all about the cryptocurrency bull run. The price of cryptocurrencies starting with Bitcoin has surged significantly against the USD. Bitcoin was able to finally break the all-important $4,000 support as the market-wide recovery started. If you’re one of those who search for things like “will Ethereum recover, Ethereum price prediction 2019, or even one of those who is now searching for Ethereum price prediction 2020, you’ll be happy to know that things are looking up.
Ethereum Price Prediction 2019: Will Ethereum Recover?
Things were looking bleak last year but recent events since the Ethereum Constantinople hard fork have reignited the faith investors have in the cryptocurrency market and in Ethereum. In fact, Ethereum took the lead in the latest 24-hour bull run rising by more than 10% within the said period. Previous Ethereum price prediction 2019 have stipulated that Ethereum will lead the next bull run that will bring the cryptocurrency market back to its glory.
Ethereum (ETH) Price Today – BTC / USD
At the time of writing, ETH price prediction 2019 placed the second largest cryptocurrency per market capitalization at $140.21. This shows that ETH has crossed the key resistance at $138 but has started correcting lower against the USD. It is down by 2.23% against the USD and down by 1.28% against the price BTC. The trading volume over a 24 hour period is $3,956,642,700 and the market capitalization is $14,759,746,357. A well-known cryptocurrency analyst, DonAlt, has predicted that Ethereum will target $200 in the next bull run.
Will Ethereum Recover? Ethereum Set To Hit $200 According To DonAlt
DonAlt posted that Ethereum is on its way to $200. In his words:
“When I opened my swing ETH long at $100 a month ago, I targeted $200. My macro view is still the same, expecting far higher prices. I’ve been bearish for the last three weeks, that has changed with recent PA & this S/R flip. If I get stopped out I’ll try again lower.”
His own Ethereum price prediction 2019 is that the world’s foremost decentralized computer is going to add more than $60 in the next bull run. This is despite the fact that Ethereum is currently down in a market-wide downward recovery.
Bitcoin (BTC) Price Today – BTC / USD
At the time of writing, Bitcoin price was down by 1% but it was still holding the $4,000 support against the USD. The trading volume over a 24 hour period is $8,484,692,713 and the market capitalization is $70,686,993,085. It is crucial that BTC holds its ground above $4,000 to avoid another sell-off.
XRP (XRP) Price Today – XRP / USD
XRP price prediction 2019 has been rather discouraging for a while now. During the cryptocurrency market bull run, XRP underperformed many other top coins in the market. At the time of writing, XRP was trading at $0.318283. This means that it is down by 0.95% against the USD and up by 0.13% against BTC. The trading volume over a 24 hour period is $608,246,352 and the market capitalization is $13,187,144,283.
What do you think? Will Ethereum rise as high as $200 in the next Ethereum price prediction 2019?
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.