Almost all the digital currencies in the market are having a great start this week. The entire digital currency market is gradually recovering from the dips over the weekend. This past weekend left almost all the top coins in the market in the red. However, with the start of a new week, all the top thirty coins are now in the green. Bitcoin (BTC), which is the largest digital currency by market cap, is also in the green, with an increase of more than 5 percent. Over the past day, the price of Bitcoin (BTC) has increased by more than five percent. Among the top ten digital currencies in the market, Ethereum (ETH) is one of the top gainers. The price of Ethereum has surged by more than four percent over the past day. Is the short-term Ethereum price prediction attainable? What is Ethereum price forecast 2019?
Will Ethereum Break the $180 Hurdle Point Today? – Ethereum Price Prediction Today
Will Ethereum ever go back up? Can Ethereum USD live price break over its immediate hurdle point by the end of today? The price of Ethereum is currently on an upward trend. While Ethereum price was deep in the red over the weekend, the digital currency has refused to remain in that level this week. Earlier this month, the price of Ethereum surged over the $180 mark and traded close to the $200 level. However, the digital currency faced a stiff hurdle on the upside and corrected lower.
The bulls weakened out and the entire market plunged. The valuation of the entire crypto market also dropped below the $180 billion level. The price of Ethereum plunged and traded below the $170 level. Fortunately, there is a rebound now the price of Ethereum is consolidating higher. Our short-term Ethereum price forecast is $180. At the moment, the digital currency looks set to break over that level and beyond. Ethereum is still trading higher and it might break over the $180 resistance level before the end of this day.
Ethereum Price Analysis – Ethereum Price Prediction 2019 – Ethereum Price Forecast – Will Ethereum Go Back Up?
After the price of Ethereum plunged below the $170 level, it declined lower and was supported at the $165 support level. It also formed a swing low and bounce back towards the $168 level. The price of Ethereum surged higher and broke over the resistance at $169 and $170. This move sent the value of Ethereum back in the positive area.
The price of Ethereum also broke over the 50 percent Fibonacci retracement level of the previous swing from the high of $178 to the low of $166. The bulls pushed the value of the coin towards the $174 resistance level. The $175 level acted as resistance for a short while. But Ethereum price broke over that level as the bulls showed up. The value of the digital currency surged higher and it is now hovering around the $178 level.
The immediate hurdle is at the $180 mark, which is our short-term Ethereum price prediction. However, Ethereum price might break over that level and head for the $190 mark today.
Ethereum (ETH) Price Today – ETH / USD
At the time of writing, ETH USD live price is $178 after an increase of about four percent over the past twenty-four hours. The current market cap of the digital currency is $18.58 billion. The trading volume of Ethereum (ETH) over the past twenty-four hours is $7.63 billion.