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

Libra Coin News
Mon, 10/14/2019 - 11:46
Yuri Molchan
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.

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!

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.