When we talk about Ethereum, the future price dynamics remain in question. After reaching a historical high of over $ 1,200 in 2017, the value has plummeted into the two-digit range a year later. This usually does not bode well for any long-term asset or cryptocurrency, although Ethereum may be one of the most resilient offers on the market today.
The upward trend in the price of Ethereum must remain
As usually happens when it comes to price increases of cryptocurrency, there is never room for mistakes. At the same time, there is not much space to sustain an uptrend. This week has had a good start so far, although there is still room for future improvements in this regard. The price of Ethereum must hit three digits sooner rather than later, however it is unclear whether and when this will happen exactly.
In the last 24 hours, an important first step has been taken in this regard. The price of Ethereum has risen 7.5% in USD, returning it to the level of $ 93. C & # 39 is only an increase of 1% in the ETH / BTC ratio, as its value seems to remain close to the level of BTC 0.0266. While this is somewhat promising in the first place, it is not the market trend that many people would like to see right now.
There are still some very wild etereum pricing on social media. The following table is quite interesting in many different ways, although it probably will not come soon. An imminent rebound at $ 798 seems very unlikely right now, as the altcoin needs to break the resistance at $ 100 first. Until this happens, you should not expect any major gain.
– Cayko (@ Cayko8) December 18, 2018
CryptoHandelaar, a fan of Dutch cryptocurrency, is convinced of this bottom it is not available for any cryptocurrency or digital resource at this time. This is a rather bearish prospect, although it is something that many traders seem to agree on. If so, this will only be a temporary rebound before the next stage. Bull traps are not entirely rare in this area and it seems that this current race can fall into that category.
– CryptoHandelaar (@CryptoHandelaar) December 18, 2018
For those willing to bet by buying the Ethereum at the current price, it would seem that the ETH / DOGE markets can offer some business in this sector. There are many currencies to trade with Ethereum, which also means that the ETH / BTC pair is not necessarily the most lucrative for the foreseeable future. Exploring all the options is always a good thing, as the purchase at the lowest price possible under any circumstances is always favorable.
– Ethereum Manager (@EthereumManager) December 18, 2018
While the hourly charts start to look rather gloomy for all cryptocurrencies, it is clear that this latest trend may not be that long. This could result in the decline in the price of Ethereum to $ 90 or potentially lower in the days to come. It will be an interesting market trend to watch, regardless of the direction in which prices will enter by the end of 2018. In the case of Ethereum, the upward trend may turn out to be rather short.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.