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Ethereum [ETH] Technical analysis and Price prediction
Ethereum is gradually regaining its position in the market and has begun to trade above $300 its second resistance level. It has overcome the first resistance level traced at $295 and has moved over to trading in the bullish zone.ETH/USD
Ethereum has crossed $300 resistance level and is eyeing for more gains. The prices, currently trading in a bullish trend line, are struggling to find a stable trend above the $300 handle. The 100 EMA line trading at $295.2563 is exhibiting an uptrend. The current resistance level can be found at $300.92. Ethereum is showing a stable trend for the first time since its crash a few days back. ETH charts indicate a bullish momentum and the support level for today set at $282.45 has experienced any breakouts. If the prices stay well above $300 ETH prices can expect more gains. ETH is currently trading at $300.15 and is rising against USD by 4.61%.
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ETH/BTC
ETH is gaining against BTC at the rate of 2.46%. Currently, one ETH is equal to 0.0466 BTC.Ethereum Price Prediction 2018,2020
- According to Longforecast ETH price in 2020 will be $724. Over the period of next months, the prices are expected to rise and fall ranging from $474 to $672.
- Coinkir estimates that Ethereum will start around $720 in 2020 and rise gradually. Ethereum is expected to rise to $1488 by the end of 2020.
- According to Smartereum, ETH would touch $2500 by the end of this year. ETH price in 2019 is expected to reach around $14000. In 2020 ETH prices would be trading around $31,000.
Ethereum Latest Updates
- Minds have officially announced that it is shifting its platform to the Ethereumblockchain, dropping its existing one. Minds, a blockchain based social network, made the announcement on 13th August stating that it is leaving its Rinkeby test network to move to the new one.
- Vitalik Buterin announced that the Ethereum research community is currently working on proof of stake and charting protocols.
