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📈 Price Predictions
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Ethereum Price Prediction for March 2019 – Can ETH Get Back to the $150 Level? Is Recovery Close?

  • Alex Dovbnya
    📈 Price Predictions

    Ethereum short-term price forecast: Twitter users hope for a bull run and ETH recovery

Ethereum Price Prediction for March 2019 – Can ETH Get Back to the $150 Level? Is Recovery Close?
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.

Contents

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.

One more mentioning of the bull market:

The same is applied to the ETH/BTC market:

All in all, Ethereum should stabilize:

What will drive Ethereum growth?

Several things might promote Ethereum price growth:

  1. The release of Casper update.

  2. Overall crypto market recovery.

  3. If Bitcoin loses some fraction of its market cap, the money might go to other blockchains.

  4. If Ethereum futures get accepted by the SEC, it might trigger enormous market cap growth.

  5. New Ethereum wallets are being widely introduced.

  6. 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.

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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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📰 News
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Crypto Exchange Huobi Completes $40 Mln Token Burn for Q3

  • Alex Dovbnya
    📰 News

    Cryptocurrency exchange Huobi announces the results of its quarterly burn

Crypto Exchange Huobi Completes $40 Mln Token Burn for Q3
Cover image via www.123rf.com

According to a press release obtained by U.Today, Singapore-based exchange Huobi continues to reduce the supply of its native Huobi Token. In Q3, it burned $40.63 mln worth of HT, which represents a 70.6 percent increase compared to the previous year. 

Huobi purchases back outstanding tokens from investors in order to reduce the circulating supply of HT and stabilize its price. It is worth noting that the amount of tokens it burns every quarter depends on particular market conditions.   

The company cites the success of its spot trading and derivatives trading markets as the main reason for another token burn. 

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Huobi Token is the second-largest exchange coin token after Binance Coin (BNB). At press time, the coin's price is sitting at $3.46 with its market cap exceeding $810 mln, according to CoinStatsData.    

Huobi Global CEO Livio Weng claims that the cryptocurrency plays "a core role" in the Huobi ecosystem.  

"Huobi Token plays a core role in the Huobi ecosystem. The continued growth from Huobi’s token burns reflects the community’s active participation and optimistic outlook for our efforts to provide users with new services, lower fees, and a secure platform to trade on."

One of the oldest crypto trading platforms has already burned 13.8 percent of its native coin's circulating supply, which is currently sitting at 234,205,522.92 HT. 

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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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