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At the end of December, the price of Ethereum is $ 132.35 which validates our forecasts of the Ethereum price forecasts for the remaining 2018. Was it luck?
Our recent financial analysis highlights the short-term pricing of Ethereum was as follows:
"We estimate that, due to the decreasing liquidity as we approach the Christmas holidays, it is possible to reach a moderate level of $ 125 – $ 150. The cryptocurrency has declined significantly, and while we prefer to negotiate with the trend, a dominant downtrend with the possibility of a moderate increase is our baseline scenario for the remainder of December 2018. "
At the end of December, the price of Ethereum is $ 132.35 which validates our forecasts of the Ethereum price forecasts for the remaining 2018. Was it luck? It could be as we can not argue that our Ethereum predictions can be accurate or be some sort of advice or financial recommendation. What awaits us in 2019 for Ethereum and the cryptocurrency market?
Price forecast of Ethereum 2018
Some of the 2018 forecasts and above are the following:
· "The current technical structure will remain negative as long as the price will be less than $ 515, but a 2-hour positive closing above this level could perhaps reduce the current bearish pressure and open the door to a new wave upwards – on the other hand, the recent low of $ 477.31 can serve as a decent support, the next purchase zone is around $ 450. Overall, Ether could consolidate in the short term, but it will remain at risk. additional losses up to a break above $ 515 ". – Aayush Jindal
· Price target of $ 1000 by Joseph Raczynski
· Price target of $ 1400 from Clem Chambers
· Price target of $ 2500 from Nigel Green. He said that "The price of Ethereum is expected to increase significantly this year and could reach $ 2,500 by the end of 2018 with a further increase by 2019 and 2020 … This general recovery will be fueled by three main drivers. more and more platforms use Ethereum as a means of negotiation, and secondly, the increase in the use of smart contracts by Ethereum, and thirdly, the decentralization of cloud computing. "
With a recent price of $ 132.35, the above views on Ethereum's forecasts show that any attempt to make a predictable 2018 Ethereum price forecast is very difficult if not impossible.
Price forecast of Ethereum 2019
A wide range of values relating to the pricing of Ethereum in 2019 is followed by nine experts in the cryptocurrency market:
1. Matthew De Silva: close to $ 0.
2. Joseph Raczynski: Ethereum will hit $ 1,200 by the fourth quarter of 2019. This is a huge increase over the current price of around $ 133.
3. Tom Lee: $ 1900 by the end of 2019, once again a very large increase.
4. Nigel Green: $ 2500 with a further increase in 2019 and 2020. An optimistic view.
5. Brian Schuster: $ 10,000 or even $ 100,000 if he replaces gold as a store of value. A very optimistic vision.
6. Jeff Reed: Ethereum is more valuable than Bitcoin. No specific price target has been given, but the main concept is that over time Ethereum will be bigger than Bitcoin in terms or market capitalization that measures the total value of the cryptocurrency.
7. Ian McLeod: Ethereum will be on an overall upward trajectory for the whole of 2019. He estimates that "Ethereum will reach $ 500 by the end of 2018 and will continue in a general upward trajectory throughout the 2019. "
8. Chris McClure: Ethereum is late for a rally that will run until 2019. Again, no specific price target has been given.
9. Fred Wilson: Ethereum feels like the easiest to do an avalanche for now.
No price target has been given.
All these predictions appear very optimistic, so the main question to ask is what will be the catalysts that could bring the price of Ethereum to these high levels? A broader corporate adoption and broader business solutions could be an important factor and regulatory issues are another aspect to consider.
Price forecast of Ethereum 2019
A more conservative range of Ethereum projections is that "By the end of 2019, Ethereum is expected to be around $ 500. Similarly, by the end of 2020, it is assumed that Ethereum would be in $ 2000."
If the target price of $ 500 is reached by the end of 2019, this will represent a return of around 275% compared to the price of Ethereum at $ 133 at 23 December 2018. A very high price appreciation.
What about the years 2020 and beyond? What are the Ethereum forecasts for a longer period of time?
Pricing of Ethereum 2020 prices
An interval for closing prices is $ 81 in January 2020 and $ 186 in December 2020.
A more optimistic view of the Bobby Ullery analyst is that in 2020 Ethereum will have a value of $ 11.375, based on its model that places emphasis on fundamental factors such as the broader adoption of Blockchain technology in the sectors financial and commercial world-wide.
Can we even try to predict the price of Ethereum until 2025? The answer is yes, but this will only be an opinion without any kind of investment recommendation.
Pricing of prices of Ethereum 2025
A price prediction made by Cryptoground.com is that in 5 years the price of Ethereum will be $ 1,487.3665. A second opinion is the optimistic scenario of Ethereum which reaches its historical high in 2025, without any specific target price as it will be a top platform for Dapps. A catalyst of activities that could effectively support price appreciation.
But what about our technical analysis and the pricing of Ethereum for 2019?
Technical analysis of Ethereum for 2019
While it is almost an impossible task to make accurate predictions for the price of any financial asset and despite our price target of $ 125- $ 150 being reached in December 2018, the following technical analysis is only an opinion on where the price of Ethereum it could be at a certain time in 2019.
These are our key points to consider:
· A short-term fund, in fact, a double fund was formed at the $ 83 level. A rally followed that brought the price to $ 139, a 67% increase from the fund. This is positive because the rally has occurred in just seven days.
· The latest downward trend that shifted the price from the fluctuating price of $ 225 to the bearish price of $ 83 ended and reversed to a bullish trend, highlighted by the latest highs and lows observed. Furthermore, the ADX / DMI indicator measuring the strength of the trend showed a loss of momentum for the first downtrend, plus the value of + line DI is 29.52 higher than the value of the line -DI at 15.53, which confirms the fact that now the dominant trend is an upward trend.
· The daily Bollinger bands are currently at $ 74.03 and $ 135.47 for the lower and upper band respectively. One should expect resistance to the higher level.
· 50-period exponential moving averages, 20-fold and 200-period moving averages are $ 132.70, $ 109.02 and $ 271.64 respectively.
· A prolonged period of closing prices above the exponential moving average of 50 periods or above the $ 132.70 level is considered positive for further future earnings.
· Important support levels are at $ 83, $ 105 while major resistance levels are $ 173, $ 190, $ 202, $ 208 and $ 270.
· A price target for 2019 if the current upward trend is to continue would be the $ 190- $ 270 range. This is because there was a period of consolidation at the $ 190 level for many days and at $ 270 it is now the 200-hour exponential moving average that professional and institutional traders closely monitor.
· We do not think at this time that 2019 will skyrocket in the absence of important fundamental catalysts. In fact, on the weekly chart the upper Bollinger band is currently at $ 330 and this could be another price target. But we prefer to express a more conservative price range, so we will stay with our price range from $ 190 to $ 270.
The Ethereum like most cryptocurrencies shows greater volatility and its price can move either higher than our price range or lower. If the $ 83 support is tested again and does not hold, there are no important support levels below it.
2019 could be a different year for the cryptocurrency market compared to the collapse of the major cryptocurrencies in 2018, or a continuation of the selloff experienced throughout the year 2018. Time will tell.
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