Will Ethereum (ETH) Continue to Be Lashed Up by the Bears?

Ethereum price evaluation since the previous three months exhibits the bearish run. It started with a 7% drop on September 6, 2019. ETH price surged to the highest peak of $222.35 on September 19, 2019, before going down again by 28.39%. Ethereum’s value was at $159.22 after the fall. The coin managed to show a rise of almost 24% towards almost the end of October 2019. From November 18, 2019, onwards, bears controlling the coin again.

Ethereum Price Analysis:

ETH coin is exhibiting a downward movement by 19.34% if we compare it with the price of November 17, 2019. It may continue to drop and touch close to the value of $149 in a few hours. After a time-gap of a week, the price of Ethereum may gain some pace and get traded at $195.02. It is a good time to buy new coins as of now. The movement for ETH coin has shown a mixed trend with a couple of sharp rises and falls over the past months.

Ethereum (ETH) Price Chart

Ethereum (ETH) Registered 41% Drop in the Course of 6 Months

Ethereum had a good start at the beginning of the year. The momentum was impressive, and the traders were highly benefiting from the same. The ETH coin eventually dropped in the third quarter, and the same is carried till now. The fall is devastating for the traders. Alongside this, the price is not reflecting any sign of improvement. A similar movement is also noted in Bitcoin, Ripple, etc. The reason behind the same is considered to be frequent price crashes.

Ethereum Price Analysis:

ETH price was at dealing at $265.84 on May 28, 2019. The price slipped to $232.49 by 13.24%. After that, the price dropped to $195.43 by 44.04% from $349.22. Then, the Ethereum price kept trading around $236 for some time and later dropped to $175.51 by 25.55%. Later, the price was spotted, trading around $200. There was another drop that brought it down to $156.06 by 29.19%. Ethereum price picked up in the later days and touched $192.80 by 23.55%. There was another fall in the coin that brought the price down to $159.73 by 17.15%. Ethereum jumped again and touched $199.13 by 24.96% escalation. The coin kept hovering around $182.46 and slipped to $143.73 by 21.23%. The movement in ETH price in the past six months brought 41.97% loss.

Ethereum (ETH) Price Chart

Ethereum still holds the top position in the crypto market. The momentum of the coin would improve with time. The investment in the coin is speculated to bring a flourishing return. The currency is suggested for long-term traders. The short-run with ETH coin might give the investors their desired return. As far as the intraday traders are concerned, the currency seems to be bringing marginal loss as it is slowly approaching towards the immediate support level of $149.67.

Ethereum Price Movement Remains Moderate Around $145

  • Ethereum is speculated to remain locked around $145 for some time
  • The month-long run indicates heavy price crash

ETH and other coins in the crypto market have recently experienced a heavy price crash, and the same indicated an improvement in the later hours, but the effect seems to last long. The month-long movement in Ethereum is indicating a hefty loss.

The traders who are looking for improvement might have to wait a little longer. However, the rumors about growth are still intact. We are also positive that the upsurge might improve the momentum of the coin soon.

Ethereum Price Analysis:

ETH coin started the month at $186.25. Until October 30, the price escalated to $192.09 by 3.86%. Thereafter, the price started dropping. The counters changed and touched $181.40 by 5.50%. The currency jumped to $193.64 by 7.17%. But the market pressure took the Ethereum again to $184.28. ETH price kept trading around $184 for a long time. Until the price counters took a tremendous fall. The regression marked in Ethereum was 21.81%. The price counters moved from $184.28 to $144.19. Further, the downtrend remained locked as Ethereum breached the 90-day low and touched $134. The price escalated to $150 after the same.

Ethereum (ETH) Price Chart

Ethereum price is expected to improve in the coming days. The traders interested in the currency are speculated to earn a high return in long run. The current price of Ethereum is at $146.40. As per the current trend it might reach its immediate support level. Even, it could drop below the crucial support level at $143.28.

Resistance Level Price Support Level Price
R1 $150.91 S1 $146.13
R2 $152.84 S2 $143.28
R3 $155.69 S3 $141.35

Will Ethereum (ETH) Be Able to Break Away from the Bear Grip?

Ethereum price has had a slowdown this year, especially after mid-July due to the bear control in the crypto market. The bears are having a gala time controlling most of the prices of altcoins, including ETH coin.

Ethereum Price Analysis

ETH community doesn’t have much to cheer in the current market scenario, as observed from the 6-month price movement. The price was at $286.5834 on May 30. The price fell to $228.1337 by 20.19% drop on June 09. The period after that was a golden period for Ethereum as the price began to show a continual upward trend till June 27, when the price reached a high of $338.5914, showing an upside movement of 48.42%. The bears started getting stronger after this phase and exerting pressure on the price of ETH coin. The price went down to the extent of 37.67% on July 16 at $196.1767. Though the price continued to be below the baseline, it still went up slightly on August 06 at $228.1224.

Ethereum Price

With the bear pressure continuing, Ethereum price again fell to $170.7469 on July 09. With the volatility continuing, the ETH price managed to move upwards to $217.1423 on September 20 with a 38.32% hike. The bearish sentiment again took the coin down to $148.8021 on November 22, showing a downward variation of 31.47%. Currently, the price of ETH coin is trading at $134.5899, with 9.55% fall.

With the bears still looming large in the crypto market looks like the short-term will continue to be bearish for the coin. Current investors should continue to hold on to their investments from a long-term perspective.

Will Ethereum (ETH) Be Able to Move Ahead of the Ongoing Bearish Sentiment?

Ethereum price has been in the doldrums due to the erratic volatility in the crypto market. Even now, there seems to be no respite from the volatility due to continual bear pressure. The YTD price movement indicates a bearish short-term phase for the coin with the price ranging between $105 – $316.

Ethereum Price Analysis:

ETH price did not have a good start to the year, but slowly it gained momentum. However, the bear pressure got more after July 15, with the price showing a continual downswing. The price of Ethereum was at $105.3508 on January 28. It moved slightly up to $157.5975 on February 24, with a huge hike of 49.59%. There were continual fluctuations in ETH price, and it went down to $142.7082 on March 30 at a rate of 9.88%. The price then started going on a continual upward swing and took a rally to the extent of a galloping 121.85% at $316.6027 on June 26. With the crypto market volatility continuing and the bears exerting control over the market, Ethereum price has shown a continual downswing and has reached a low of $179.7364. Today the price has again lowered to $150.955, showing a downward variation of 16.01%.

Ethereum (ETH) Price Forecast

Ethereum price has seen mostly a downtrend for the most part of the year, but this does not take away the future potential of the coin to bounce back to its earlier winning ways. Analysts expect the current trend to continue for the short run and believe in the capability of the coin and expect it to get back on its upward momentum soon. ETH investors should hold on to their current investments from a long-term perspective.

Will Ethereum (ETH) Be Able to Take A Giant Leap Towards A Bullish Future?

Ethereum price has been mostly trading in a lower range for the most part of the year due to the crypto market taking a stronger bearish outlook. The bears are continuing in their pursuit of pressurizing the price of ETH coin. The YTD price trend shows coin trading in the range of $103 – $330.

Ethereum Price Analysis:

ETH price has been struggling to maintain its momentum in the ongoing crypto market volatility, as seen from the YTD price movement.

On January 30, the price of Ethereum was at a lowly $103.4147. This went up to $158.4691 on February 23. With the crypto market being volatile, the price fell to $130.1078 by 16.49% fall on March 26.

The next phase was bullish for ETH as the price started moving upwards and reached $258.01189, with a whopping rise of 97.88%.

On June 09, the price of Ethereum fell to $235.2116. June was a good period for the currency as the price was continually in the upper range and reached $330.3055 on June 25.

Then onwards, the bears took over the crypto market, and it was downhill for ETH price as well.

On October 24, the price reached $162.9179 showing a huge fall of 50.68%. Today, the Ethereum has shown a marginal fall of 1.55%.

Ethereum-ETH-Price-Chart

ETH had to bear the brunt of the bears at the onset of the year. Then, there was some respite for the price from May till mid-July. With the bears being in full control thereafter, Ethereum all set for a short-term bearish trend.

Analysts bank on the future potential of the coin and are confident that the coin has the capability to withstand the bear pressure in the medium term and get back soon. Short-term traders can consider this and the volatile factor in the crypto market before going in for trading.

Will Ethereum (ETH) Remains Under Bearish Pressure?

January 1, 2019, saw Ethereum being traded at $153.38. The same movement continued till mid of May 2019. From April to May, ETH’s price managed to rise and presented growth by 73.67% which is phenomenal. Then, the price of the Ethereum fell again and reached $231.15 on June 8, 2019. Still, it managed to show rise by 44.37%. 36.60% was the negative trend shown on July 16, 2019. While evaluating the current trend, ETH coin was reflecting a bearish movement.

Ethereum Price Analysis

Ethereum Price

Ethereum was being traded at $221.86 on September 19, 2019, and as per price comparison since this date, it presently shows a downward trend by 20.67%. The price for ETH coin may fall to its next support of $173.25 shortly. We suggest to hold some ETH coins as per its movement. The YTD analysis presents that it was bullish from May until mid of August. Considering the coin’s potential and past record, it has the capacity to soar higher.

Ethereum (ETH) Loses 30.07% Over the Last 6 Months

Ethereum has shown huge volatility over the last 6 months, and the three major price variations in these 6 months have cost it a whopping 30.07%. The value has now gone well below 180 USD all the way from 251 USD.

Ethereum Price Analysis

The ETH price was being traded at 251.90 USD on May 21, and over the next 36 days, it gained 96.48 USD to reach 348.38 USD, highest of the last six months. On June 26, it started weakening and gone as low as 169.11 USD by August 29. From there, Ethereum showed huge price fluctuations, and the last swing happened between September 19 & November 15, and in these 57 days, Ethereum lost 18.78% value to reach 178.47 USD.

Ethereum Price

The market cap of ETH coin on May 21 was 27.095 billion USD, and now it has been reduced to 19.318 billion USD. In these 6 months, the market cap also has been through multiple fluctuations.

Ethereum’s 20 days average stands at 176.71 USD, and it’s 50 days average is 180.26 USD. ETH coin is likely to continue to struggle for some more days, and the next resistance for Ethereum price may fall at 181.59 USD.

Ethereum (ETH) Resistance and Support Levels
1st Resistance $181.5933
2nd Resistance $185.7266
3rd Resistance $188.9233
1st Support $174.2633
2nd Support $171.0666
3rd Support $166.9333

Will Ethereum (ETH) Stay Ahead of The Bearish Pressure?

Ethereum has gone through many ups and downs since the beginning of the year due to the continual volatility in the crypto market. ETH has been through varying degrees of bull and bear phases with the bear phase dominating the price. The YTD price movement shows the varying price of ETH coin in the range between $125.107 – $316.325.

Ethereum Price Analysis:

ETH coin is trying to get out of the bear grip, as seen from the YTD price chart. 2019 did not begin on a good note for the coin, with the price showing at $125.1072 on March 04.

On April 08, Ethereum price was still below the baseline but went slightly up to $180.4701, the upper range being to the extent of 44.25%. With the crypto market volatility continuing, the price of ETH coin went down to $153.4359 by 15.12% on April 27.

The period after this saw a good rally, and the price rose to a huge 106.34% at $316.3254 on June 26. The bears had gone active by then, and the price of Ethereum began to be under continual bear pressure. It fell to $169.1282 on September 06 at a rate of 46.49%.

The price of ETH coin has shown a slight recovery on November 6 at $188.8702, recovery being to the tune of 11.67%. The current day’s price is at $176.1067, the fall being 6.75%.

Ethereum-Price-Chart

ETH price had to face the heat of the bears since the bearish phase began in the crypto market in July. The price is still trying to get out of this mode with success at some intervals. Analysts expect the short-term trend to be bearish for the coin, but going by the future potential of Ethereum, expect it to get even with the bears and bounce back soon.

Will Ethereum (ETH) Brace Itself to Welcome the Bulls?

  • Ethereum price is gearing in for a stable upward momentum

Ethereum, the second-largest coin on the blockchain platform, did not have a good start to the year. The coming months after that were good for the coin as it was able to bounce back and maintain a steady upward momentum till end of June. With the bearish sentiment sweeping the crypto market in July, ETH price went on a downhill from there. The first week of November has seen some good upward momentum in the coin. The YTD price chart for Ethereum shows the price moving in the range between $124 – $317.

ETH to USD Price Chart

Ethereum Price

The ETH price began on a low note on February 10 at 124.1089, being below the baseline. The price started showing a positive upward trend than on and rallied to $264.8389 on May 16, and the rally is a whopping 113.39%. The price then lowered to the extent of 12.72% on June 09 at $231.1575. The upward momentum for ETH price continued, and it reached $316.603 by 36.96% on Jun 26. With the onset of the bears, it was downhill for the coin than on, as the price went below the baseline and reached $153.8956 on Oct 25. Today the price of Ethereum is at $185.0046. The price has slowly maintained an upward streak in November. It has to be seen whether ETH coin will maintain this momentum in the coming days.

Ethereum Price Prediction

ETH coin seems to want to move away from the bearish sentiment set in July. It is slowly bracing itself for an upward as its price has been moving steadily upwards since the first week of November. Experts have faith in the future potential of the coin and feel that the Ethereum price has the capacity to hit back at the bears by the year-end.

Current investors should watch the crypto market movement for ETH coin with abated breath as the coming days look brighter for the coin.