0
📈 Price Predictions
306 views

Can ETH Price Touch $215 Level This Week? Traders Discuss The Bullish Opportunities

  • Vera Yurina
    📈 Price Predictions

    ETH is set to touch the $215 price in one week. Is this possible? Read ETH price prediction from TradingView

Can ETH Price Touch $215 Level This Week? Traders Discuss The Bullish Opportunities
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Ethereum is steadily climbing out of the bearish zone, which allowed it to approach the $193 level. Seems like the currency is close to a great breakout. What’s the chance of positive outcomes, and how high can Ethereum get during a week? Read one ETH price prediction to get the answer to this question. 

Ethereum rise is slow but steady
Ethereum (ETH) price chart by TradingView

Earlier, the ETH price raised a lot, it crossed over 180$ EMA50 (green) following BTC activity and this growth seems to be continuing. If ETH founds support here (R/S flip) & continuation, then we will see ETH above 200$ very quickly!

👉MUST READ

LiquidLink Bridges EOS and Ethereum, Making Cross-Chain dApps a Reality

LiquidLink Bridges EOS and Ethereum, Making Cross-Chain dApps a Reality

We can see the UCTS Buy signal on the 12H timeframe (though it’s not confirmed yet) as another signal of the potential new trend up in formation.

But if you think it’s too late to buy...

The user Crypto_Ranger_K expects ETH price to drop to $ 185. He is sure that the candle could fall for a few days and drop to $179. But that seems unlikely.

The rise has just begun, and the sharp rise is just a rebound, not a rise. The rebound must come down in place. It’s very likely that the rebound will go from $ 208 to $ 215. And after that, prices are going to come down to create a double bottom, which traders are waiting for. The rise is not so rapid.

Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

👓 Recommended articles
0
📰 News
2722 views

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

👉MUST READ

Close to Heresy: Mike Novogratz Shreds Binance CEO, Vitalik Buterin Joins the Fray

Close to Heresy: Mike Novogratz Shreds Binance CEO, Vitalik Buterin Joins the Fray

Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

👉MUST READ

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future

Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings