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Ethereum (ETH) Price Prediction: Can Buyers Fix the $150 Level?

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  • Denys Serhiichuk
    📈 Price Predictions

    Indicators suggest an upcoming decline. Can Ethereum resist it?

Ethereum (ETH) Price Prediction: Can Buyers Fix the $150 Level?
Cover image via www.tradingview.com

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.

With Bitcoin (BTC) recovering from its recent drop to $6,500, Etheruem (ETH) is not standing idle. The rate for the top altcoin has increased by 1.43%. The general situation in the market is different as neither the bulls nor the bears are in control.  

Top 10 coins by Coinstats

Below is the relevant data for ETH at press time:

  • Name: Ethereum

  • Ticker: ETH

  • Market Cap: $16,619,958,529

  • Price: $152.86

  • Volume (24H): $8,015,697,387

  • Change (24H): 2.31%

ETH/USD: Where is the Next Stop for Ethereum?

ETH has again pushed off from the level of moving averages, indicating the presence of a bearish trend. The values from the relative strength index (RSI) broke through the support line, testing the bottom of the broken line.

ETH/USD chart by TradingView

One should expect a continuing decline to the first target at $120. A breakdown of this area will indicate a move to the $100 mark.

ETH/USD chart by TradingView

Looking at the 4H chart, sellers have managed to gain a foothold at the $150 level. As a short-term trading idea, we should expect a continuing decline to the point of $120.

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An additional signal in favor of the decline will be another bounce from the downtrend on the RSI indicator. It is not excluded that the decline will continue on the width of this channel with the descending movement's lower boundary breaking down.

At press time, ETH is trading at $151.25.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

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image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

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image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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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.

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