The digital currency market is looking very attractive at the moment. Earlier this year, many digital asset investors didn’t picture such a massive rally by this time of the year. At the beginning of the year, many analysts were giving a Bitcoin price prediction 2019 of $10k, predicting that the price of Bitcoin (BTC) will hit the $10k level by the end of this year. They were giving such predictions because of the bearish trend of Bitcoin (BTC) and other coins late last year. However, the digital currency market seems to be following a different pattern this year. We are just six months into the year and the price of Bitcoin has already broken over the Bitcoin price prediction for 2019.
As seen over the years, most altcoins in the market follow the trend of Bitcoin (BTC). As the price of Bitcoin (BTC) is increasing, most altcoins in the market are following. So far this year, one of the best performing cryptos in the market is Ethereum (ETH) – the largest altcoin by market cap.
Ethereum Breaks a Major Resistance, Can It End the Day over $320 – Ethereum Price Prediction 2019 – ETH Price Forecast
The price of Ethereum is on a breakout. The digital currency recently surged over the $300 mark, which has been a major hurdle point for the coin. The digital currency recently corrected lower, but it seems it is ready for another major price rally. Can Ethereum close the day over $320? Our short-term Ethereum price prediction 2019 is $350, and the digital currency seems to have the traction to hit that level in the coming days.
On the mid-term outlook, Ethereum is bullish. At the moment, the bulls are in charge of the market. When the bears were in charge, the price of Ethereum was in a range bound around the $258 and $277 mark. As the bears showed up on the 21st of June, the price of Ethereum broke out of its tight range and broke over the former supply level of $289. The bulls established their presence and the price of Ethereum soared over the $300 mark and found its way to the $318 level.
Ethereum price went through a little correction that saw its price fall below the $320 mark. However, the digital currency is now in a recovery phase and it looks set to return to its previous position. The price of Ethereum is currently surging higher; can it break over the $320 mark by the end of this day how far can the ETH USD live price go?
Ethereum Price Analysis – Ethereum Prediction 2019 – ETH Price Forecast – ETH News Today – Cryptocurrency News Today
On the short-term outlook, Ethereum is bullish. The digital currency is currently consolidating higher. The bulls propelled the digital currency over the $300 mark and it is now heading for the short-term Ethereum price prediction of $350. At the press time, ETH USD price is supported at the $310 mark. The immediate hurdle of the coin on the upside is the $318 mark. A break over the level will pave the way for more gains towards the $320 and $330 mark.
Ethereum (ETH) Price Today – ETH / USD
At the time of writing, the price of Ethereum is $314 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $33.41 billion. The trading volume of the digital currency over the past twenty-four hours is $8.50 billion.