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Ethereum Price to Surge to $202, If ETH Breaks above Psychological Level at $185, Crypto Trader Believes

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    Ethereum now has a chance either to rise to $202 or to decline, depends whether it will take a psychologically important level on the chart

Cover image via www.123rf.com

This morning, the crypto market was bathing in the green. Even though, some assets, including Bitcoin, are now demonstrating a slight downward movement, the majority of the top-ten coins remain on the rise.

Ripple’s XRP so far has been the best performing asset on the top-ten list. However, the attention of some are pointed at other coins too.

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A crypto trader @TheCryptomist has taken to their Twitter page to comment on a chart with ETH, saying that the second best cryptocurrency has returned into the ascending triangle that it had previously left for a short time.

Now, the trader says, if ETH manages to take the psychological support level at $185, the coin’s price is likely to spike to $202.

If ETH fails to break through the support, it may drop to $174.

At press-time, Ethereum is trading at $183.73.

Ethereum rate
Image by CoinMarketCap

 

What is your take on this short-term prediction of the ETH price? Feel free to share it in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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