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Ethereum – Fight for $200

Ethereum if you do not bounce from the level below, Altcoins will crash a further 45% 

Ethereum’s Founder, Vitalik Buterin stated that he believes that the price of Ethereum is hyper inflated. 

This comes suprising to the rest of the crypto-asset market as that is what Charlie, the Litecoin Founder highlighted during the Top of the Bull-Market in 2018 when he sold all of his Litecoins at $320. 

Especially now that Litecoin had lows of $60. 

Vitalik sold 25% of his Ethereum’s at $14, with its high reaching $1200. 

The Market took Vitalik’s statements negatively seeing it crash to lows of $189, the lowest we have seen since October 2017. 

What will Happen today? 

ETH has seen highs of $204, before crashing to under $195 and stabilising them overnight. Especially during the weekly close in which we saw a further Lower Low. 

ETHereum has a negative market sentiment. On the lower time frames, during the London open, to stop Ethereum from falling below $195, there was a large market buy to stop the further crushing to lower $190’s. 

The trendline that has restarted on Sunday illustrates that ETH will fall to $194.50 before bouncing to the upper $202 levels. 

This is despite the negative statement and correlates with the increase in both sell-side 

 

Nouvive recommends a Buy at $192-194 before taking profit at $203. 

 

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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ViFeed Indicators

Bitcoin (BTC)
$3642.34
60.00 RSI
0.48%
Hold
Ethereum (ETH)
$123.48
56.00 RSI
1.08%
Hold
XRP (XRP)
$0.3
46.00 RSI
0.71%
Hold
Litecoin (LTC)
$43.9
55.00 RSI
3.66%
Hold
EOS (EOS)
$2.83
28.00 RSI
1.77%
Buy
Bitcoin Cash (BCH)
$122.65
44.00 RSI
0.42%
Buy
Tether (USDT)
$1
33.00 RSI
-0.40%
Buy
TRON (TRX)
$0.02
48.00 RSI
-0.34%
Hold
Stellar (XLM)
$0.08
32.00 RSI
-1.33%
Buy
Binance Coin (BNB)
$9.15
39.00 RSI
-0.92%
Buy
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