It’s no secret that Ethereum has had a tough year. The second-largest cryptocurrency by market capitalization is down over 80% from its all-time high in January 2018.
But could things be turning around for ETH? Let’s take a look at the data.
On the 4-hour chart, we can see that ETH has formed a descending wedge pattern. This is a bullish pattern that suggests that ETH is due for a price breakout to the UPSide.
NOTE: WARNING: Investing in cryptocurrency is high-risk and can result in significant financial losses. There is no guarantee that Ethereum will go up or down. Analyze the market and make an informed decision before investing in Ethereum or any other cryptocurrency.
The wedge has been forming for the past few months, and the longer it takes to form, the more significant the breakout will be.
The RSI is also showing signs of bullish momentum, as it has broken out of its own descending wedge pattern and is now trading above 50. This indicates that Ethereum could be ready for a price rally in the near future.
One important thing to note is that ETH is currently trading below its 200-day moving average (MA). This is a key level of resistance that bulls will need to break through in order to confirm that the trend is indeed turning around.
So, what does all this mean? It’s hard to say for sure, but the data does suggest that Ethereum could be due for a price rally in the near future. Of course, anything can happen in the cryptocurrency markets and investors should always do their own research before making any investment decisions.
10 Related Question Answers Found
When it comes to Ethereum, the question on everyone’s mind is whether it is up or down. After all, this is one of the most popular cryptocurrencies in the world, and its price has been volatile in recent months. So, what’s the verdict?
As of 9:15 a.m. EST on Wednesday, Ethereum was down 3.
43 percent on the day. The cryptocurrency has been on a bit of a roller coaster in recent weeks, and it’s currently down about 13 percent from its all-time high of just over $1,400 that it reached on January 13.
In recent months, Ethereum has seen a tremendous amount of growth. This has led some to believe that Ethereum is due for a crash. However, there are several reasons why this is unlikely to happen.
When it comes to Ethereum, the question on everyone’s mind is “will Ethereum go up?”. Ethereum has had a rocky start to 2018. The cryptocurrency started the year off with a bang, reaching an all-time high of over $1,400 in early January.
Ethereum, the world’s second-largest cryptocurrency by market value, is down more than 70% from its all-time high in January. The sell-off has been driven by a variety of factors, including concerns about the issues with the ethereum network’s scalability, regulation, and competition from other cryptocurrencies. Investors are also worried about the possibility of a hard fork of the ethereum network, which could split the cryptocurrency into two separate assets.
The cryptocurrency market is a highly volatile one, and Ethereum is no exception. In the past, Ethereum has seen massive price swings that have taken it from being worth less than a dollar to over $1,000 in just a matter of months. However, these price swings can also work in the other direction, and there is always the potential for Ethereum (or any other cryptocurrency) to crash to zero.
The value of Ethereum has been on a rollercoaster ride over the past year. After hitting an all-time high in January 2018, the value of ETH plunged by over 80% in just a few months. However, the currency has enjoyed a resurgence in 2019, with its value rising by over 400% since the start of the year.
Cryptocurrencies have been on a tear this year with Bitcoin, the original and still the largest, up over 250% and Ethereum up a whopping 2,500%. While both are well above their lows from last year, Ethereum’s price is still only about one-third of its all-time high from January 2018. So, is Ethereum going to rise?
The value of Ethereum has been on a steady decline since early 2018. This has caused many to wonder if Ethereum is falling. The main reason for the decline in Ethereum’s value is the increase in competition from other cryptocurrencies.
The word “deflationary” is often used to describe Ethereum. But what does it mean? In general, deflation is when the price of goods and services goes down over time.
