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

  • Yuri Molchan
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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

Ethereum Price to Surge to $202, If ETH Breaks above Psychological Level at $185, Crypto Trader Believes
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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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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