Ethereum has been very unstable during the last weeks and has recently frightened traders with its sudden, abrupt fall. Will it stabilize? Should we expect ETH to reach the level of $150 during this March? Let’s see what the Twitter community thinks about Ethereum’s performance and future price.
Take a look at Ethereum’s fluctuations – they are enormous:
This is why we should keep an eye on Ethereum movements for smarter trading – its price can change by $10, $20, or $30 in a matter of a few hours!
Ethereum is going through V-shape recovery
Look at the chart:
Such movement can mean that Ethereum starts rising.
Sell-off is paused
The sell-off could have changed Ethereum’s price considerably, but it didn’t happen. Now traders are waiting for other entry signals.
Thus, until the sell-off takes place, we shouldn’t expect sudden price falls again.
Bull scenario is possible
If we analyze MACD, OBV, and RSI indexes, we’ll see that bullish movement is possible.
$ETH #Ethereum 4hr Update:— FizeekMoney (@FizeekMoney) March 5, 2019
Got my eyes on MACD, OBV, RSI. Promising bull-scenario, with OBV downtrend broken and RSI resistance cleared, but MACD approaching baseline has me cautious. pic.twitter.com/Emkzk6QG7r
One more mentioning of the bull market:
The same is applied to the ETH/BTC market:
All in all, Ethereum should stabilize:
The Ethereum Orbit Movement says everything we need to know... pic.twitter.com/DuJETvoOTI— ManWithNoName (@_Man_WithNoName) March 5, 2019
What will drive Ethereum growth?
Several things might promote Ethereum price growth:
The release of Casper update.
Overall crypto market recovery.
If Bitcoin loses some fraction of its market cap, the money might go to other blockchains.
If Ethereum futures get accepted by the SEC, it might trigger enormous market cap growth.
New Ethereum wallets are being widely introduced.
Proof of stake used instead of proof of work makes the Ethereum blockchain a valuable investment for dApp developers.
It might be the right time to invest in ETH right now – it won’t stay in the current low position for long.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of UU.TodayT. Every investment and all 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.