Ethereum News Today – Ethereum, the second largest cryptocurrency per market capitalization and the largest altcoin in the market, is currently bleeding out losing all the recent gains it accumulated during the last bull market. This may seem like a bad thing but the current bear market has presented traders with the perfect opportunity to buy at lower prices and make a profit when the bull run resumes. The Ethereum price prediction 2019 is bullish irrespective of what the current price of Ethereum is. Ethereum managed to rise from its crypto winter low of about $83 to almost $300. It was the road to $300 that was too tough for Ethereum but analysts have suggested that Ethereum will cross $300 in the next bull run. In our Ethereum news today, we are going to analyze the current price of Ethereum and the Ethereum price prediction 2019.
Ethereum News Today – Ethereum Latest Update – Ethereum Price Analysis – Traders Buy The Dip
The weekend was bloody for Ethereum and all the other cryptocurrencies in the market. This is because the price of Bitcoin failed to move above the $8000 level even falling towards the $7500 region. This led to a significant fall in the price of altcoins. The bearish wave in the market continued until today. This morning, the rate at which altcoins fell increased. At this rate, there is a high chance that the price of Ethereum will move as low as $200 presenting an even better opportunity to accumulate.
Ethereum (ETH) Price Today – ETH / USD
Ethereum had initially moved as high as $270 before the bears showed up and dragged the price lower against the USD and BTC. It fell to the $250 levels and eventually fell to its current level. Even if the price of Ethereum is down significantly from its monthly high, it is important to note that the cryptocurrency traded at $167 a month ago. So, it is still up significantly from this low. Right now, Ethereum isn’t the only cryptocurrency that is falling. So, it would be unfair to define the current price action of ETH as failure of the network or the token. It is simply responding to the negative sentiment in the market. So, the moment Bitcoin recovers, which it will, there is a high chance that the price of Ethereum is going to surge significantly against the USD.
Ethereum Price Prediction 2019 – Ethereum News Today – Current Price Of Ethereum
At the time of writing, the price of Ethereum was $234.90. This means that it is down by 3.90% against the USD and down by 1.02% against BTC. The trading volume over a 24 hour period is $8,107,785,045 and the market capitalization is $25,000,045,471. The trend is expected to turn bullish this week. If it doesn’t, a fall below the $200 will be inevitable. However, the price of Ethereum will still recover significantly as the Ethereum price prediction 2019 is bullish.
What do you think about the Ethereum price prediction 2019 in our Ethereum news today? Is it a good idea to buy Ethereum now?