Ethereum Price Prediction – Latest Ethereum (ETH) News – September 6, 2019

Ethereum Price Prediction Analysis Latest News

Ethereum (ETH) is one of the largest cryptocurrencies in the market. Today, we will try to shed some light on an Ethereum price prediction. With such a large market cap, many investors are trying to figure out which direction Ethereum will move during 2019, 2020 and beyond.

#NamePrice24H %
2
ethereum
Ethereum(ETH)
$150.76
2.02%

Latest Ethereum News

Ethereum has been in the news lately, but not for very positive reasons. There has been much concern over the ability of ETH to scale to accommodate a large user base from around the world. This comes after many network delays during the period where cryptocurrency was in full force. This is a generally common issue to occur in cryptos as they become more popular and there aren’t many who have been able to come up with a good solution for it. Though this may not seem like the most pressing matter at the time, it could become a very real issue for ETH if mass adoption ever does occur and the amount of users accelerates rapidly.

ETH remains one of the most popular cryptos out there with the most utility, but investor confidence may fail if they do not do something to solve the problem of scalability. ETH definitely has the potential to become the front running crypto, but for now the outlook remains neutral and unexciting.

Ethereum Price Prediction – ETH Price

24 hour % Change: %24 hour Volume:$5,664,499,997
1-week High:$182.351-week Low:$167.58
52-week High:$361.4052-week Low:$82.83

Ethereum Price Prediction and Analysis

Ethereum Technical Analysis

From a technical standpoint, ETH appears to be very choppy with no clear direction. ETH did get a bump from the recent BTC run earlier this year, but has been on a gradual decline ever since while BTC has been holding its value better and moving more sideways than anything. However, if ETH can break upper resistance on this downward channel, it could have a real chance at returning to yearly highs.

The main factor for ETH here is what BTC does. Traditionally, the large cap cryptos follow whatever Bitcoin does. That means that the general direction of BTC will dictate the general direction of ETH. However, the % return potential for ETH does appear to be higher because it has not reclaimed respectable price levels where Bitcoin has been able to do so. We’re looking for ETH to get some volume back on the high timeframes and break some key resistance levels.

ETH Technical Analysis Sep 6

The weekly timeframe on ETH’s chart is a little bit more bleak. We’re seeing a severe decline in volume and if it goes much lower it could completely fail to hold that previous level that it bounced off of in 2017 before the real takeoff. We’re looking for it to hold that support on the weekly timeframe and build some volume as well to regain any confidence in ETH’s price action.

Ethereum Price Prediction: Sentiment Analysis

 

What is Ethereum (ETH)?

Ethereum is an innovative cryptocurrency that is designed to create a more equal and democratic online marketplace. Not only is it effective as a cryptocurrency, but it is an entire platform for developers, customers, merchants, and all others who want to participate in a more fair and balanced e-commerce and financial marketplace. While Bitcoin aims to simply make a sound currency, Ethereum is shooting for an entirely revamped internet.

#NamePrice24H %
2
ethereum
Ethereum(ETH)
$150.76
2.02%

History of Ethereum (ETH)

Ethereum was originally developed in 2013 by Vitalik Buterin, who envisioned a world in which decentralized apps would provide all of the utility that users needed. Ethereum first gained traction because of its smart contract ability that allowed it to run ICOs and introduce new programs, software, and companies to the world and allowed them to raise funds by using its network.

Who Uses Ethereum?

For many, Ethereum first represented a new and faster way to transact funds using blockchain. However, Ethereum has since become so much more than that. Ethereum is now a full-scale comprehensive network that spans the entire globe and puts the power back in the hands of the users. Ethereum is credited with enabling ICOs and new projects to come into the world, raise funding, and gain awareness and mass use through its smart contracts. As long as people value decentralized apps and want to invest in new crypto companies, Ethereum will have a valid use case in the crypto economy.

ETH vs XRP

XRP is a highly-centralized cryptocurrency aimed at serving the financial sector and introducing blockchain to traditional financial institutions. ETH and XRP are similar in that they are not simply a store of value, but they are different in their stated missions. They don’t aim to solve the same problems.

ETH vs BTC

BTC was the original inspiration behind ETH, but ETH took it way further and built out more functionality. While BTC is meant to be strictly for transactions and secure storage of value, ETH provides the network with more functionality and has developed an entire economy in the crypto space.

ETH vs XLM

XLM and ETH are probably the most similar in that they are trying to create a large ecosystem with their tokens and they are more decentralized than XRP. Each of them offers a way to create smart contracts. XLM is aiming their services at developing countries and individuals while ETH is more inviting to developers and those who want to build upon the network.

Where to Buy ETH

The best way to purchase ETH is to buy it on Coinbase or another trusted exchange. Ethereum is one of the most purchased cryptocurrencies on Coinbase and was a very popular choice during the last cryptocurrency bull run of 2017. It gained mass adoption because of its increased utility and the fact that users felt it was a way to get in on the ground floor of a cryptocurrency since Bitcoin had already taken off.

Future of ETH

There are concerns about the scalability of ETH, but most agree that they will be solved. The real concern at the moment is investor confidence and the price. ETH must maintain a respectable price level to be viewed positively by prospective investors and gain any sort of momentum in mass adoption. If investors see that it is not viable to allocate money into ETH, it is hard to envision the network growing.

Conclusion

Ethereum was one of the earliest cryptos and it was successful immediately. Despite recent struggles with public perception and scalability, it figures to remain one of the most popular cryptos out there for the years to come as it continues to deliver one of the most complex and comprehensive networks that has been developed so far.

#NamePrice24H %
2
ethereum
Ethereum(ETH)
$150.76
2.02%
Caleb Lombardo

Caleb Lombardo is a cryptocurrency analyst who has written for numerous publications.

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