Ethereum News Today – Ethereum has finally crossed the $300 level for the first time in ten months and this is just the beginning. The current bull run Ethereum is enjoying isn’t limited to Ethereum alone. Other cryptocurrencies starting with Bitcoin have been surging significantly against the USD. The flagship cryptocurrency has successfully moved above the $11k level with no bears in sight. Ethereum’s next target is $350 and then $400. Is the Ethereum price prediction 2019 going to remain bullish all year long or is this just a temporary thing?
Ethereum Price Prediction 2019 – Ethereum News Today – Ethereum Latest Update – ETH/USD Price Analysis
Ethereum is the world’s foremost decentralised computer and the ETH token is the largest altcoin per market capitalization. At its all-time high, the price of ETH surged as high as $1500. However, this was followed by the cryptocurrency winter which took ETH down as low as $82. Since it hit the cryptocurrency winter bottom, the price of ETH has been recovering steadily against the USD. However, crossing the $300 level has been difficult for ETH. At one point, analysts were worried that ETH may never cross this level. So, you can imagine how relieved they were when they woke up to the news of ETH being above $300.
The last time ETH traded as high as $300 was in August 2018. So, by crossing $300, Ethereum ETH reached a 10-month high. Since the beginning of this year alone, ETH has surged by more than 129% against the USD. Over the last 24 hours, it is up by about 10%. It had from its crypto winter low, the altcoin is up by 260%. Even with the remarkable gains, the price of ETH is still down by at least 78% from its all-time high. The current price action of Ethereum should not come as a surprise as Bitcoin (BTC) has retraced more than 40% of the losses it suffered after reaching its all-time high.
There is currently a bullish crossover visible on the 50 and 100 day candles. This is the first time such a move has been made in two years. It shows that the bull rally has only just begun. In 2017, when the same bull cross over was confirmed, the price of Ethereum increased by more than 900% within three months. According to the Ethereum price prediction on CoinDesk, the cryptocurrency will surge as high as $364 near-term and then it will test $401 within the next two months.
Ethereum Price Prediction 2019 – Ethereum News Today – Ethereum Non-price On Steady Rise
For the last few months, the on-chain metrics of ETH has been on a steady rise. The ETH volumes for decentralised applications hosted on the blockchain reached record highs in April. Also, the daily gas usage on the Ethereum blockchain peaked in May. This shows that there is an increasing interest in the Ethereum blockchain and this has supported the price of the ETH token.
Ethereum (ETH) Price Today – ETH / USD [ccpw id=”10762″]
At the time of writing, the price of Ethereum ETH was $306.83. It is up by 6.93% against the USD and down by 2.21% against BTC. The trading volume over a 24 hour period is $10,439,557,147 and the market capitalization is $32,707,386,414. Bitcoin is currently outperforming every altcoin in the market with a market dominance of almost 60%.
What do you think about the Ethereum price prediction 2019 in our Ethereum news today? Share your thoughts in the comment section below.