TCR TOP STORIES
Home / Uncategorised / Ethereum Price Getting Back to $200 mark While Bitcoin is Under Bearish Pressure

Ethereum Price Getting Back to $200 mark While Bitcoin is Under Bearish Pressure

Current Status of Ethereum: Currently, Ethereum is trading at a value of $198.83 and its value is increasing by 2.24%. The market capitalization of the currency is $21,428,848,223 and it’s the 24-hour volume of the currency is $8,317,084,846. While the circulating supply is 107,776,298 ETH and ROI of ethereum is 6,921.67%.

It clear that the crypto has a breakout from it’s the strong resistance value of $195 and its value is now moving towards the mark of $200. This is a huge positive new. The currency has also performed well in the previous week and yesterday the market has reported the bullish move of value around $193 trend line. Experts are positive that if the currency has reached the value of $200 then soon $205 and $210 is also possible for Ethereum.

While on the other hand, the value of the biggest currency, Bitcoin is going down by 1.14% and it is currently trading at the value of $10,240.95. The market cap is $183,730,728,227 and the 24-hour volume is $15,052,260,856. Bitcoin dropped from the value of $10,300 and it further decreased up to $10,240 from its support level of $10,250.

Analysis and Prediction: Ethereum has been performing very well since last week and yesterday the currency also doesn’t disappoint. The currency has made the progressive movement from the value $185 resistance towards higher levels. The experts are positive that it could test at the value of $200 and even yesterday the value reach near $195.

The currency has strong support level around $197 and it could concur the 23.6% Fib retracement level of hovering from a low value of $189 to a high value of $200. If the bear takes the price down then Ethereum could test $195 support region. The fib retracement of 50% that is also near the value of $195.

On the other hand, the hourly time frame chart of the pair ETH/USD has active support around the value of $193 yesterday and the main support level is $185. Even if the currency dropped by the bearish pressure even then it will be well defended around the value of $193 and $195. If the bulls take the value above the level of $200 resistance then the currency could also make up to the values of $205 and $210. Above this, the price could reach up to $220 to $225 region.

The currency is performing really well from the other altcoin and also from the bitcoin. The chances remain high of bullish movement if it remains above the value of $185. The MACD of ETH/USD is bullish and RSI also might test around 60 levels. The main support is near around $193 and the main resistance is near around $200.

Current Status of Ethereum: Currently, Ethereum is trading at a value of $198.83 and its value is increasing by 2.24%. The market capitalization of the currency is $21,428,848,223 and it’s the 24-hour volume of the currency is $8,317,084,846. While the circulating supply is 107,776,298 ETH and ROI of ethereum is 6,921.67%.

It clear that the crypto has a breakout from it’s the strong resistance value of $195 and its value is now moving towards the mark of $200. This is a huge positive new. The currency has also performed well in the previous week and yesterday the market has reported the bullish move of value around $193 trend line. Experts are positive that if the currency has reached the value of $200 then soon $205 and $210 is also possible for Ethereum.

While on the other hand, the value of the biggest currency, Bitcoin is going down by 1.14% and it is currently trading at the value of $10,240.95. The market cap is $183,730,728,227 and the 24-hour volume is $15,052,260,856. Bitcoin dropped from the value of $10,300 and it further decreased up to $10,240 from its support level of $10,250.

Analysis and Prediction: Ethereum has been performing very well since last week and yesterday the currency also doesn’t disappoint. The currency has made the progressive movement from the value $185 resistance towards higher levels. The experts are positive that it could test at the value of $200 and even yesterday the value reach near $195.

The currency has strong support level around $197 and it could concur the 23.6% Fib retracement level of hovering from a low value of $189 to a high value of $200. If the bear takes the price down then Ethereum could test $195 support region. The fib retracement of 50% that is also near the value of $195.

On the other hand, the hourly time frame chart of the pair ETH/USD has active support around the value of $193 yesterday and the main support level is $185. Even if the currency dropped by the bearish pressure even then it will be well defended around the value of $193 and $195. If the bulls take the value above the level of $200 resistance then the currency could also make up to the values of $205 and $210. Above this, the price could reach up to $220 to $225 region.

The currency is performing really well from the other altcoin and also from the bitcoin. The chances remain high of bullish movement if it remains above the value of $185. The MACD of ETH/USD is bullish and RSI also might test around 60 levels. The main support is near around $193 and the main resistance is near around $200.

  • 2
    Shares

About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

Check Also

Dogecoin Price Prediction: Experts are Optimistic About ‘DOGE Season’

Dogecoin is one of the most popular coins in this in the crypto industry. The …

Leave a Reply

Your email address will not be published. Required fields are marked *

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.