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Ethereum Price Prediction for February 2019 – Can It Surpass the Market Capitalization of Ripple?

  • Stavros Georgiadis
    📈 Price Predictions

    Can Ethereum have a larger market capitalization than Ripple in February 2019, moving up one position from third to second position?


Ethereum Price Prediction for February 2019 – Can It Surpass the Market Capitalization of Ripple?
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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.

Contents

In this article we will analyze Ethereum price prediction for the month of February 2019. As of Feb. 4, 2019, some key statistics for Ethereum are the following ones:

·    Price is $107.6232

·    Market Cap is 10.95 Billion


·    Circulating Supply is 104.62 Million and Volume is 3.02 Billion

·    52 Week Low-52 Week High: $82.4270- $1,236.4666

·    Year-to-date performance is -25.62%, a decline from over $150 in early January 2019, to the recent price of $104.62.

What is our monthly Ethereum price prediction for February 2019? Can Ethereum have a larger market capitalization than Ripple in February 2019, moving up one position from third to second position of the top 100 cryptocurrencies by market capitalization on CoinMarketCap?

Some Ethereum price prediction mentions by other sources

In a previous article about Ethereum price prediction 2019 the question was if Ethereum price will be above $1000 by the end of 2019.

👉MUST READ Ethereum Price Prediction 2019: Will ETH Cost $ 1.000?
Ethereum Price Prediction 2019: Will ETH Cost $ 1.000?

In this article we will focus on monthly only Ethereum price prediction. Some interesting Ethereum forecasts for the month of February 2019 are the following ones:

·    WalletInvestor with its forecast trend line estimates that Ethereum will trade at almost same levels as today, that is at about $105 by the end of February 2019. The predicted range is $100-$110.

·    CoinPredictor has a more bearish Ethereum price prediction estimating a decline of -45.1% for the next four weeks and a potential price of $58.39 by the end of February 2019.

·    LongForecast has a range for Ethereum price prediction for February 2019 as follows: “ETH to USD predictions for February 2019. In the beginning price at 97 Dollars. Maximum price $104, minimum price $65. The average for the month $84. Ethereum price forecast at the end of the month $70, change for February -27.8%.”

·     TradingBeasts appears on the other hand to be extremely bullish on Ethereum. The monthly Ethereum price prediction for February 2019 is a price of $249.26 by the beginning of February 2019. This seems highly unlikely as on January 29, 2019 the price of Ethereum is about $105. The minimum and maximum prices for Ethereum by Trading Beasts during February 2019 are $420.71 and $618.68 respectively. And by the end of the month a rather very bullish Ethereum price prediction of $494.95.

Monthly Ethereum price prediction based on technical analysis

What does our technical analysis based on the daily and monthly Ethereum charts tell us to make an Ethereum price prediction by the end of February 2019?
Ethereum forecastWe will have two scenarios, one bullish and one bearish about the Ethereum monthly forecast.
Ethereum coin forecast

Ethereum price bullish monthly scenario

As the recent price of about $105 has reached the lower daily Bollinger band a potential bounce is likely. The lower and upper daily Bollinger bands are about $106-$133.40 as of Feb. 4, 2019. A bounce up to the level of $120-$125 is likely.

There is strong resistance at the level of $120-$130 and both 50-day and 20-day exponential moving averages with current values of $128.34 and $120.23, which are declining act as strong resistance levels.

Ethereum price bearish monthly scenario

Technical indicators show that a downtrend is the dominant trend. The ADX/DMI indicator shows not a strong trend, but the value of -DI line at 30.03 is above the value of +DI line at 13.18, indicating that there is still enough of selling pressure.

The MACD indicator is pointing down, the momentum indicator is also declining, and the stochastics indicator (14,3,3) formed a bullish cross which has failed. When price bounced to about $119 a bearish cross occurred and the declining 20-day exponential moving average acted as a confirmed resistance.

If the support near the level of $105-$103.50 does not hold, a move lower towards the price level of $90-$85, revisiting the lows formed back in December 2018 is highly likely. Our Ethereum coin price forecast is a conservative one and based on the recent weakness we tend to favor the bearish over the bullish scenario.

Our technical analysis and monthly forecast for Ethereum for the month of February 2019 is not an investment recommendation. But considering the short-term bounce of price on the weekly chart from Dec. 17, 2018 to Jan. 7, 2019 and the following resumed decline we favor the recent downtrend to probably continue in February 2019.

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TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?

  • Denys Serhiichuk
    📈 Price Predictions

    It looks that buyers are fixing their positions. In this regard, is that a chance to buy or we need to follow the general market mood?


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?
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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.

Contents

The situation on the cryptocurrency market has not changed a lot comparing to Thursday. Prices of most coins out of the top 10 have been reduced, however, there are 2 exceptions from the rule. Binance Coin and Litecoin are those ones that keep going up when other coins are ’’relaxing’’.   

Especially it is remarkable for BNB, whose rate has exceeded $20.


BTC’s domination rate is stagnating and now constitutes 52%.

BTC/USD

Friday, Apr. 19 has started for the main cryptocurrency with a red bullish candle, pushed down BTC from $5,274 to the $5,200 mark. Currently, the quotes are trading in the $5,200 - $5,250 corridor.

BTC/USD chart by tradingview

Yesterday, the main cryptocurrency managed to overcome the resistance of the Fibonacci level and tested the mark of $5,276 (61.8%).

If today we manage to return to this level, then the path to the $5,300 mark is possible. The target level of bulls will be reached, after which a pullback will start to fix positions.

On the whole, the BTC maintains an upward priority, but in the coming days, a flat range is also possible.

The price of BTC is trading at $5,256 at the time of writing.

ETH/USD

A general picture for Ethereum is even better than for BTC, as its price has not reduced so much.  Yesterday, the asset touched the $176 mark but was not able to consolidate it and rolled back to $170.

ETH/USD chart by tradingview

On the 1-hour chart, ETH has all efforts to come back to the $180 mark, which was achieved on April.10. That is confirmed by the RSI indicator and trade volumes.

👉MUST READ Ethereum 6 Month Price Prediction – ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019
Ethereum 6 Month Price Prediction – ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019

However, taking into account fundamental factors, some Ethereum based projects have started to migrate to Binance Chain network. If such a trend continues, it could negatively affect the ETH’s rate.

The price of ETH is trading at $171.89 at the time of writing.

XRP/USD

Ripple is the biggest loser from the top 3 coins, as its rate has dropped by more than 2% over the last 24 hours.

XRP/USD chart by tradingview

The price of XRP is trading at $0.33 and continues to move within the growth and the downward channel. The quotes XRP/USD are moving inside the Ichimoku cloud, which indicates the presence of a lateral trend for Ripple.

👉MUST READ XRP Price Prediction: huge profit warning detected. Ripple bulls in anticipation of rapid growth
XRP Price Prediction: huge profit warning detected. Ripple bulls in anticipation of rapid growth

An impetus for growth renewal can be the recent news concerning the Huobi exchange which added 3 more trading pairs for XRP.

The price of XRP is trading at $0.3322 at the time of writing

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