- Ethereum Price finds support above $ 120
- Analysts say Ethereum Futures are complicated
- Transaction volumes low, ETH / USD ranging
Even without Constantinople, prices are steady, and although it may be months or even years before ETH Futures gain traction, bulls are vibrant. At rates, there is a demand for ETH and prices could be up to $ 170 by end month.
Ethereum Price Analysis
A day after Constantinople, Ether is a well-being, and as developers prepare for another conference on Friday.
While CBoE and CME Bitcoin Futures went live 13 months ago, their dismal performance means investors would take a cautious, wait-and-see approach if the CFTC decides to approve Ethereum Futures. Although Paul Chou of LedgerX will not be able to offer such a product in 2019, he agrees that the market is not ready for the product.
Jeff Jefferson, a Former advisor of the CFTC said the planned shift from a work of proof to a system would be complicated by an increase in the amount According to these analysts, the fact that the PoS system requires coinage, regulators would interpret it as potential risk.
Ethical Futures, ETH is struggling against sellers but bullish. The coin slide 19 percent in the last week and down 2.9 percent in the previous day. However, since the prices are above $ 120, they are trades for the end of their entries in lower time frames with tight stops at Jan 14 lows.
We retain this bullish stance because they are not only consolidating but the fact that they are inside a bull bar. Double-bar bull-reversed pattern off the 61.8 percent fibonacci level drawn on Dec 2018 high low mean there are more than $ 150 in the short-term.
To reiterate our stand, conservative, risk-averse traders ought to buy ETH once there is high volume, wide range bars above $ 170. At the same time, once prices above $ 140 or Jan 14 highs, aggressive traders can buy at rates at $ 170 and stops at $ 120.
Bullion thrusting ETH prices above $ 140 should be applied to market participation. Jan 14's of 378k and on the lower edge surpass Jan 10's of 684k.