Will Ethereum Continue to soar? Or is a Drastic Pull Back Imminent?

2019-5-17 10:00

The price of ETH has gone up around 20% in the last 48 hours and the cryptocurrency space is spilled on whether it will continue to climb or pull back.

This current run has taken ETH to prices not seen in more than 8 months. And some are thinking Ethereum will bust through all resistance marks on its way to all-time highs. However, some think a pullback should be expected.

It has been suggested that a lot of money from Tether flowed into ETH recently and that price push might not sustain. Weiss Rating says Ethereum should be expected to climb towards $300 but warns that the digital asset is overbought.

#Ethereum price surged significantly towards $270 versus the US Dollar and jumped sharply vs #bitcoin. #ETH is in a major bull run and it seems like the price might even hit $300. Careful, though – it is very overbought. #BTC

— Weiss Ratings (@WeissRatings) May 16, 2019

Recently at the 2019 Ethereal Summit, billionaire investor, Mike Novogratz spoke glowingly of Ethereum, saying it could change the world even though there might be some bumps in the road.

“There’s good news and bad news. The good news is that Ethereum is way ahead. Ethereum, by a long shot, has the most people in the room. Bitcoin is really establishing itself as a store of value. The debate is over. We won. I see the on-ramps for institutions who now believe its a store of value who are coming in Bitcoin is going to stay for a while because that’s where the institutions are going to start.”

Novogratz has been a cryptocurrency cheerleader for a while and is expected to provide bullish remarks. But it came a little like a shock to many BTC fans that Novogratz said Ethereum was “way ahead” of Bitcoin.  

If Ethereum and Web3 are as world-changing as Novogratz thinks, the real price pumps will come from the progress made by developers rather than the purchases made by speculators.

The post Will Ethereum Continue to soar? Or is a Drastic Pull Back Imminent? appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3372.77 (+0.41%)
Объем 24H $49.556b
Изменеия 24h: 10.85 %, 7d: 7.50 %
Cегодня L: $3039.69 - H: $3382.36
Капитализация $406.174b Rank 2
Цена в час новости $ 240.42 (1302.87%)

pull back ethereum continue eth imminent drastic

Источник: zycrypto.com

pull back → Результатов: 52


Фото:

Windows 10 now lets you pull out USB drives without ‘safely removing’ them

We all know that one person who annoyingly reminds you to use “Safely Remove Hardware” before pulling the USB drive out of the slot. They shouldn’t bother you anymore. As Betanews first noted, Microsoft has introduced a new policy that allows you to remove the device without using the Safely Remove Hardware process – as long as you’re not writing data to it.

2019-4-9 08:37


Фото:

Markets Update: BCH Maintains Strong Lead as Crypto Prices Record Slight Pullback

Cryptocurrency markets saw some significant gains over the last two days, but prices on Thursday have started to pull back from this year’s all-time highs. When the spikes first initiated, bitcoin cash (BCH) led the pack out of the top 10 cryptocurrencies and still maintains a lead with over 75 percent worth of gains for […] The post Markets Update: BCH Maintains Strong Lead as Crypto Prices Record Slight Pullback appeared first on Bitcoin News.

2019-4-4 18:22


Bitcoin Price Analysis: BTC/USD Stable at $4,000, Paraguay Gives Green Light For the World’s Largest Crypto Mining Center

Latest Bitcoin News Coinciding with BTC market pull back is morale boosting news that the US state of Ohio will begin accepting tax payments in Bitcoin. Spearheading this drive is the State Treasurer, Josh Mandel, who term the move efficient, secure, transparent and cheap especially for merchants and businesses that in days to come will […] The post Bitcoin Price Analysis: BTC/USD Stable at $4,000, Paraguay Gives Green Light For the World’s Largest Crypto Mining Center appeared first on Ethereum World News.

2018-11-26 17:10


дальше еще 3 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin breaks $82,000 boosted by Trump’s re-election win

Bitcoin’s upward trajectory follows Donald Trump’s presidential win last week Over the past 30 days, Bitcoin has increased in value by more than 30% Institutional interest is rising with Bitcoin ETFs, noted by BlackRock’s IBIT ETF reaching $1.