Where Is the Bottom for Ethereum [ETH]?

2018-9-12 16:20

Where is the bottom for Ether? Is there a bottom? Is it possible the value of the second largest cryptocurrency by market cap could go to zero?

These are all pressing questions on investors minds as Ether continues to spiral downwards. The price of Ether is now significantly below the point where it started increasing exponentially last year. This was a significant support area for the coin but now with Ether trading far below, it is difficult to assess where the bottom is going to be. The smart contract platform’s cryptocurrency has been undergoing steep declines on large volume day after day.

There is a strong case to be made that the coin increased too fast last year as investors have seen the coin rise from around $8 to a high of near $1400. The coin is far into oversold territory on the daily RSI, but this is likely to have little effect given the strong selling momentum. The MACD continues to diverge to the downside which also is indicative of the bearish selling pressure.

Ether Daily Chart – Source: Tradingview.com

On the hourly, we can see since the key support level broke around $270 Ether’s decline has built up momentum. The 50EMA is currently acting as resistance, but there is not much indication for upward movements regardless. The outlook is strongly bearish, and there is no clear answer to where the bottom is going to be.

Ether Hourly Chart – Source: Tradingview.com Key Takeaways: Key support broke around $270. Selling momentum is strong. RSI in oversold territory but unlikely to have an impact. Hourly moving averages likely to act as resistance. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Where Is the Bottom for Ethereum [ETH]? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

origin »

Ether Zero (ETZ) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1115 (-100%)

bottom ether cryptocurrency eth ethereum spiral below

Источник: blokt.com

bottom ether → Результатов: 7


Фото:

Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallies.

2018-8-25 00:42


Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Whale Offloads 10,070 Ethereum – Is ETH Losing Its Appeal?

2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns.

Weekly price analysis: prices decline on risk-off sentiments

The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto exchange-traded funds (ETFs) logged outflows from Wednesday, January 8 Bitcoin […] The post Weekly price analysis: prices decline on risk-off sentiments appeared first on CoinJournal.

Weekly Price Analysis: Prices Decline on Risk-Off Sentiments

Cryptos trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data. The Fed expressed caution around inflation, especially as Trump’s policies will kick in after his inauguration on Jan.

Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery

In the past week, Ethereum (ETH) has dropped 9. 3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish.

Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […] The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.