Vera Thornpike

Ethereum Price Analysis – $1,450 by the End of 2019? How Far Will ETH Go This Year?

Ethereum price analysis 2019 from leading specialists and crypto websites: What should we expect from ETH this year?
Ethereum Price Analysis – $1,450 by the End of 2019? How Far Will ETH Go This Year?
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Ethereum, one of the most well-established cryptocurrencies in the world, continues the race and has recently conquered the second place by market cap (as of 02/12/19). The main driver of decentralized apps and smart contracts, Ethereum has gathered a lot of followers and potential partners. But will it make ETH grow? Read Ethereum 2019 price predictions to find out what experts think about it.

5+ Ethereum price forecasts

The market is ever-volatile, and that’s why it’s hard to make any short-term predictions. However, many crypto experts are sure that Ethereum is destined to be successful in 2019:

  1. Joseph Raczynski, the founder of Joe Technologist.com, is sure that $1,200 is the minimal threshold for Ethereum. Why so? He explains it by the fact that Ethereum boasts the largest developer community, and its proof of concept is relevant for current and potential institutional investors.

  2. Nigel Green, CEO of deVere group consulting agency, is convinced that Ethereum has enough potential to reach $2,500 this year. He provides three arguments: 1) The growing number of trading platforms; 2) The growing demand for digital money; 3) Increased use of smart contracts and decentralization of cloud computing.

  3. Ian McLeod, a technology expert, predicts Ethereum should climb to the $500 mark in the course of 2019. It is expected to reach a breakout, while Bitcoin might lose about 50% of its market share to Ethereum within 5 years.

  4. The Trading Beasts website mentioned that Ethereum can cost $908 by the end of 2019 with an average price of around $650. Although this prediction seems to be conservative, this is a quite realistic view of Ethereum’s future.

  5. Steven Nerayoff, Ethereum’s co-creator, told journalists that he expects Ethereum to double or triple its October 2018 price ($225) in the first half of 2019. Will Ethereum reach $500 by summer 2019? It’s possible, thanks to development capital pushed into Ether’s ecosystem.

CoinSwitch, a crypto website, analyzed all of the above-mentioned forecasts and suggested that the Ethereum price is to reach $1,450 in 2019. This prediction is also based on Ethereum’s roadmap – last year, projects raised millions of dollars in Ethereum, which can create a domino effect in the crypto sphere this year.

Brian Schuster (the founder of Ark Capital LLC) looks at the bright side. He stated that Ethereum can cost $100,000 in about five years, if it manages to replace gold as a store of value.

A spoon of tar in a barrel of honey

Matthew de Silva, a cryptocurrency journalist, is known for his criticism towards Vitalik Buterin’s creation. He is convinced that Ethereum will return to its natural state, i.e. $0. Here’s what he said:

“Still, Buterin was the one who helped launch a network with tokens that he admitted are intrinsically worthless, at least for now. Why didn’t he wait to devise a platform with an equitable distribution model and a proven use case, aside for speculation? …We’re almost a year removed from Buterin stressing the need to ‘differentiate between getting hundreds of billions of dollars of digital paper sloshing around, and actually achieving something meaningful for society.’ It’s hard to see how his invention has made any difference beyond inflating the crypto bubble. Non-state virtual currency is interesting, but wasn’t Ethereum supposed to be something even greater?”

No matter what, Ethereum continues gathering strength to gain momentum and rise again. Most likely, we will witness its breakout this year, so fasten your seatbelts!

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.

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Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
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Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

BTC/USD price chart on TradingView

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.

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