Ethereum (ETH) Will Hit $200 As Soon As It Crosses $148 According To Latest ETH Technical Analysis

Ethereum is the second largest cryptocurrency per market capitalization. Ever since the beginning of the year when ETH took back its position from XRP, it has been on fire. Almost every Ethereum prediction 2019 has been positive. People have stopped asking questions like; why is Ethereum falling, will Ethereum recover, will Ethereum go back up and have started asking questions like how high with Ethereum go, is Ethereum a security, when is the best time to buy Ethereum. The shift in the type of questions being asked is a reflection of renewed interest in Ethereum. Digital asset investors who initially lost hope in ETH have started considering buying and holding again. Those who were worried about the Ethereum SEC saga are also trying to confirm that ETH is not a security so they can start buying it and building on the Ethereum blockchain.

Ethereum Prediction 2019: Will Ethereum Recover? Ethereum Will Go Up To $200 Short-term According To Analyst

Ethereum (ETH) started the month of March trading at $126. Today it would close above $140. This shows that the cryptocurrency is up by 11% within the month per CoinMarketcap.com. The Ethereum prediction 2019 is that ETH is going to reach $200 as soon as it crosses $148. This is according to the latest Ethereum price prediction 2019 by one of the most popular Ethereum traders, Crypto Dog. Taking to Twitter, the analyst said that the price of ETH will get to $200 near-term as long as it is able to gather enough momentum to rise above the key resistance at $148.

Ethereum (ETH) Price Today – BTC / USD

Name Price
ethereum
Ethereum
$190.241.41%

After he posted his Ethereum price prediction 2019, people started wondering what the catalyst for such a price surge will be. CCN suggests that ETH is going to rise because this is altcoin season. Altcoin season is a term used to refer to a period when altcoins are outperforming Bitcoin. Throughout the month of March, altcoins did remarkably well when compared to Bitcoin. In fact, Bitcoin lost a portion of its market share to altcoins. It also shows that people are investing in less risky alternatives to Bitcoin as they wait for the next crypto bull run.

Ethereum Price Prediction 2019: Is Ethereum A Security? Will Ethereum Recover?

Is Ethereum a security and would the Ethereum SEC saga hinder the upcoming Ethereum bull run? Last year, the SEC’s Jay Clayton said that Bitcoin isn’t a security based on the Howey Test. However, he was a little unclear about Ethereum and didn’t even talk about XRP. Some digital asset investors are still worried about this. For now, it’s not clear how this will influence the price of Ethereum or the Ethereum price prediction 2019.

At the time of writing, ETH was trading at $141.70. This means that it is down by 0.34% against the USD and down by 0.61% against BTC. The trading volume over a 24 hour period is $4,308,998,531 and the market capitalization is $14,943,680,055. It may seem like $200 isn’t so far away but it’s important to note that the resistance at $148 is strong. Breaking it hasn’t been easy for Ethereum. For now, it’s not clear when ETH will gather enough momentum to break this resistance.

What do you think? Is Ethereum a security? Will Ethereum recover? Will Ethereum go back up? Will Ethereum hit $200 near-term? Share your thoughts about the Ethereum prediction 2019 below.

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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