Do you follow the passion of Ethereum? It's a raging bull!
Do you follow the passion of Ethereum?
It is moving forward at the speed of the missile...
It is like a raging bull... Nobody can stop it!
But he will undoubtedly stand on this .. Will we wait for the bull to calm down and get tired of its extreme ambition and stand in its place?
Or do we hurry to sell what we have to gain, then we regret if the stampede continues and the price increases because we have lost another profit?
Certainly difficult question, not without adventure...
Therefore, I cannot answer the difficult question, but I can tell you the experts ’analysis .. and you are the decision-maker.
From $ 280 to $ 314 in one day ... what next?
I will put you at the end of this article. Link to an article Yesterday predicted that Ethereum would reach $ 300 while its price was $ 283
Not only that .. but it is more likely in his analysis that the price will reach $ 317 and this is what seems to happen in the meantime... The price has now crossed $ 314 and it appears that it is still on its upward...
The article was written by Ray Salmond On the site COINTELEGRAPH NEWSLETTER
His expectations were true because he relied on accurate scientific analysis.
Will Ethereum continue to climb until $ 370?
Today Salmond published a new analytical article in which the price of Ethereum is expected to reach $ 370
Do you believe this? I believe it!
But do not forget that you are free to make the decision that you see fit... Please do not hold me responsible for any decision you make... Of course, Salmond does not bear responsibility either !!
Come with me to read what Salmond said .. and I will also put the article link for you in the sources of my article to see it...
To Salmond's analytical article, and I hope that you read it carefully before making any decision regarding the sale or even purchase of Ethereum .. Symond says:
Ethereum Price Rally to $370 Depends on Bitcoin’s Upcoming Weekly Close
Bitcoin’s rally to $9,700 brings the asset to a key resistance level, meanwhile, Ethereum rallied above $300 to a new 2020 high.
On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309.
The weekend surge comes as a bit of a surprise as weekends are typically marked by low trading volume and some traders avoid the markets due to the volatility that sometimes accompanies the weekly close.
Crypto market weekly price chart. Source: Coin360
Technicals aside, Ether’s rapid ascent to $309 could also be receiving a sentiment boost from the news that the total value of funds locked into decentralized finance platforms (DeFi) reached $4 billion today.
Total value locked (USD) in DeFi. Source: DeFi Pulse
Currently, the top three DeFi platforms are Maker Aave, and Compound with each having $875 million, $639 million and $616 million locked into an assortment of contracts.
Data from DeFi Pulse shows that the decentralized finance sector has grown tremendously in 2020 as the value locked at the start of the year was slightly below $1 billion.
As discussed in a previous market update, Ether’s was expected to push toward the $317 level if the Feb. 14, 2020 high at $288.32 was cleared and Saturday’s rally to $309 fell just $8 short of topping the resistance cluster extending to $317.
Ether daily price chart. Source: Coin360
After a nearly 30% rally this week, a period of consolidation is to be expected but if bulls find renewed or Bitcoin rallies into the weekly close, there is a possibility that the price could clear $317 and the absence of overhead resistance could see bulls target the 2019 high at $367.
Bitcoin approaches a key resistance
As Ether surged to a new 2020 high, Bitcoin price pushed higher to $9,733. Traders are now watching closely to see if the top-ranked digital asset on CoinMarketCap can surge above the $9,900 level as this would place the price above the long-term descending trendline from the 2017 all-time high.
According to Cointelegraph contributor Michael van de Poppe: “A major parabolic move is unlikely to happen so soon, as the price has some untested levels above, namely $9,900 and $10,100.”
Van de Poppe further explained that:
“The most likely scenario would be a “staircase” pattern where the price of Bitcoin rallies towards the resistance zone, rejects, and then successfully tests the previous resistance zone for support. Next, the price move is likely to accelerate upward once Bitcoin breaks above the high of $10,100.”
At the time of writing Bitcoin price has pulled back slightly from the daily high at $9,733 but the daily chart shows the digital asset continues to notch higher highs and high lows and the price remains above the 20-day moving average.
Bitcoin daily price chart. Source: Coin360
As Bitcoin and Ether pushed higher, a number of altcoins also made significant moves.
Cardano (ADA) surprised investors with a strong 21% upside move to $0.1457, Binance Coin (BNB) also continued to rally with a 5% gain. Litecoin (LTC) followed alongside Bitcoin with a 12.88% move to $49.47.
According to CoinMarketCap, the overall cryptocurrency market cap now stands at $294.6 billion. Bitcoin’s dominance index currently at 60.5%.
Salmond's analytical article ended ... in which he expected Etherium to stop at $ 370
But as I told you ... no one can definitively predict ... Etherium may stop going up and start going down at any time...
So you have to decide what to do if you have Ethereum .. will you go ahead or wait until the price reaches the highest peak? This is your decision as we agreed before.
Be fine...
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