Ethereum (ETH) Price Prediction — Can ETH Get Back to $200 Until September 2019?

Libra Coin News
Wed, 08/21/2019 - 14:30
Denys Serhiichuk
Ethereum keeps soaring along with other top coins. Is there a chance for ETH to grow shortly?
Cover image via www.123rf.com

Against the falling cryptocurrency market, Ethereum is not an exception from a rule. Moreover, it is one of the biggest losers, as its rate has gone down by more than 7% over the last 24 hours. The market capitalization of the coin also reduced and broke the $20 Bln mark. 

The main Ehtereum indicators are looking the following way. 

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (1h)

Change (24h)

Change (7d)

Ethereum

ETH

$19 656 428 158

$183,00

$7 084 620 997

-2,66%

-7,23%

-10,14%

ETH/USD chart by TradingView

Ethereum has not followed our recent forecast yet, as the rate went down below the $190 mark. On the 4H chart, ETH keeps trading in the descending channel, moving down against the decreasing trading volume. Currently, there are no signals of the trend change in a short-term scenario. The MACD indicator is decreasing, suggesting a price drop to the support zone at $180. If trading volume index continues its decline, ETH might touch the $170 mark. 

ETH/USD chart by TradingView

On the 1D chart, the situation is looking much more positive. Ethereum has finished the formation of the Head and Shoulders figure, meaning that a sharp price decline is unlikely to happen. The lines of MACD are located sideways which means that ETH neither goes up no down in the first days of September. RSI also confirms such a scenario. In this regard, the coin is about to fluctuate in the yellow range between $175 and $200. 

The price of ETH is trading at $183.46 at the time of writing.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.


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