Ethereum rises more than 5% – Analysts catch $ 220
Ethereum has expanded its upward momentum after the cryptocurrency was briefly exposed to selling pressure yesterday 160 $ region returned. Today, however, ETH has risen more than 5% and is now approaching the 180 dollar region.
This upward momentum has emerged as the aggregate crypto markets have recovered from a strong overnight slump, and analysts now see a significant rise in the near term for ETH.
Buyers Demonstrate Their Strength – Ethereum Towards $
At the time of writing Ethereum trades to the course of 180,70 $ Ethereum’s current upward momentum shows few signs of slowing, and it has even seen Bitcoin in the past 24 Hours excel. This may indicate that ETH’s short-term pricing policy remains separate from that of Bitcoin – assuming BTC remains stable at its current price level.
The recent rise in ETH Zurich came as no surprise to the analysts. For example, popular cryptocurrency analyst HornHairs said yesterday on Twitter: “He suspects Ethereum will continue to rise in the near future.”
“$ ETH #Ethereum: Uptrend at 1W SFP at a confluent level. If I was a gambler, I would bet it goes up from here, “he said, pointing to the chart below. This illustrates that ETH has found strong support at its lower support limit – which could mean that an increase to the upper limit of 390 $ is imminent.
$ ETH #Ethereum
Bullish 1W SFP at a confluent level. If I was a gamblin ‘man, I’d bet she goes up from here. pic.twitter.com/WEL1yi5XfL
– HornHairs 🌊 (@CryptoHornHairs) September 180, 2019
Could ETH aim for a short-term 220 dollar?
Although Ethereum’s medium term goal may be It could soon reach its recent highs around 220 $. But: This move may depend on the stability or upward momentum of Bitcoin and other major cryptocurrencies.
The popular cryptanalyst Moon Overlord also shared his thoughts on Ethereum last weekend in a tweet and points to a chart that aims at short-term targeting 220 $ shows.
It seems that the trading idea he refers to in his chart has already shown signs of validity – and that, in turn, may mean that it’s only a matter of time before Ethereum returns to its multi-week highs and creates the basis for significantly higher highs.