When Will Ethereum Hit $300? Ethereum Price Faces Resistance But The Surge To $300 Is On The Way

Ethereum has come a long way from its crypto winter low of about $83. Within this year alone, the largest altcoin in the market has risen significantly. Weeks following the April bull run, the price of Ethereum struggled to move above the $200 level. It wasn’t until extended crypto bull run in May that Ethereum was able to cross $200. Now, the next challenge for the price of Ethereum is crossing the $300 level. The Ethereum price prediction 2019 is bullish. So, will the price of Ethereum cross the $300 level anytime soon? Will Ethereum go up again? Will Ethereum recover? These are the questions we will consider in our Ethereum news today.

Ethereum Price Prediction 2019 – Ethereum News Today – ETH/USD – When Will Ethereum Hit $300?

Even after gaining significantly over the last few months, Ethereum hasn’t run out of steam. There are more gains to come in the next few months of the year. The price of Ethereum successfully broke above the descending trendline before it started recovering lower. Just like the rest of the cryptocurrency market the price of Ethereum is waiting for the price of Bitcoin to make its next move. The price surge Bitcoin enjoyed has been beneficial for every altcoin in the market.

The first time the price of Bitcoin hit $8100, Ethereum moved as high as $278 were it found resistance. The pullback from this point was more than expected dragging the price of ETH to the $231 – $235 level before the bulls gathered momentum to move as high as $260 again. This was subsequently followed by a pull back to its current levels. While other moving averages were in an ascending order, the 50-day moving average and the 20EMA were huddled together. This is a sign that the bulls will soon take control of the market according to the Ethereum price analysis on Cryptopolitain.com.

Ethereum (ETH) Price Today – BTC / USD

Name Price
ethereum
Ethereum
$187.65-0.78%

Right now, the price of Ethereum is in a wide range of $226 to $275 and it’s going to remain there for a while. As soon as it is able to break the resistance at $275, a surge to $300 will be inevitable. While it is not clear when this will happen, it’s not going to be too long from now. The trading volume for Ethereum is already picking up hitting its strongest point since April 3rd. The buy support for Ethereum is average as it is about 10% away from the highest bid price.

Ethereum Price Prediction 2019: Ethereum News Today – Ethereum Latest Update – Current Price Of Ethereum

At the time of writing, the price of Ethereum was $249.61. This means that it is down by 0.75% against the USD and down by 0.98% against the price of BTC. The trading volume over a 24 hour period is $8,658,691,510 and the market capitalization is $26,514,171,201. Near-term, the price of Ethereum is going to recover upward against the USD. Before the end of the coming month, ETH will most likely test the $300 level.

Long-term, the price of Ethereum most surge above the $515 level to make the technical structure positive rather than negative. This is the only way to confirm that the bulls are in full control of the market and there is no longer any risk of more losses. Before the end of the year, the price of Ethereum may test the $650. If the fundamentals remain strong and Bitcoin continues to surge, ETH may sell as high as $908 by the end of 2019.

What do you think about the Ethereum price prediction 2019 in our Ethereum news today. Share your thoughts in the comment section below.

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.

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