Thursday, November 26, 2020
No menu items!
  • News
  • Cryptocurrency
  • Contact Us
More

    Analyst: Ethereum (ETH) Price On Track for $300

    Must Read

    Coinbase CEO Brian Armstrong Explains Burdensome Crypto Wallet Rules That Trump Administration May Rush Out

    Brian Armstrong, the CEO of the US-based cryptocurrency exchange, Coinbase, has recently hinted at the crypto community about burdensome...

    Santiment: XRP Is Set To Surpass Ethereum in a Key Metric Maintained By ETH for Seven Months

    The cryptocurrency intelligence platform, Santiment, has indicated that the third-largest cryptocurrency by market cap, XRP, is set to surpass...

    Binance Announces Support for Spark Tokens Airdrop Planned By Flare for XRP Investors

    Binance, the arguably largest cryptocurrency exchange by trading volume, has announced the support for Spark tokens airdrop planned by...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    A well-known cryptocurrency analyst, Michael van de Poppe, popularly known as Crypto Michael, has recently shared his opinion regarding the price trend of Ethereum (ETH).

    According to Crypto Michael, Ethereum (ETH), the second-largest digital currency by market capitalization, is potentially targeting $300 price level. He also revealed a crucial resistance level after the present bull-run.

    Crypto Michael Says Ethereum (ETH) Price Is On Track for $300

    Going by the prediction shared by Crypto Michael, a price decrease of 10-11% would be the most reasonable scenario for the Ethereum (ETH) next consolidation. He simply stated that it seems comfortable for the opening of long positions at the zone between $215 and $220.

    He furthered that if Ethereum could hold above $210 price level, $300 could be the potential price target for the digital token ETH.

    Captioning an illustrative chart for clarity about ETH price trend, he wrote, “Overall looking great. I’d prefer to see some more consolidation (just like the push towards $215). In that regard, $215-220 is a potential zone for longs. In general, as long as green holds, I expect further continuation with potential targets of $300.”

    In another development, the founder of Gold Bullion International investment company, Dan Tapiero, also admitted the promising future of Ethereum (ETH) in terms of price, via his official Twitter handle on 4th June 2020.

    In the tweet, with a chart captioned, he stated that the price of Ethereum (ETH) is on the verge of explosive upmove.

    He wrote:

    “Chart of Ethereum on verge of explosive upmove. Are there any upcoming potential catalysts? Move up through 300 projects to 500 minimum in coming 6-12 months. Any strong views out there?”

    Ethereum (ETH) in the Market

    Ethereum (ETH) has been able to hold crucial support levels, which is most necessary for further uptrend of the digital currency.

    Many crypto analysts have been positive regarding the future trend of Ethereum, and it has managed to maintain its price growth over the past few days. At the time of filing this report, ETH is trading at $242.71, with a 0.32% price downtrend in the last 24 hours.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Coinbase CEO Brian Armstrong Explains Burdensome Crypto Wallet Rules That Trump Administration May Rush Out

    Brian Armstrong, the CEO of the US-based cryptocurrency exchange, Coinbase, has recently hinted at the crypto community about burdensome...

    Santiment: XRP Is Set To Surpass Ethereum in a Key Metric Maintained By ETH for Seven Months

    The cryptocurrency intelligence platform, Santiment, has indicated that the third-largest cryptocurrency by market cap, XRP, is set to surpass the leading digital currency, Ethereum...

    Binance Announces Support for Spark Tokens Airdrop Planned By Flare for XRP Investors

    Binance, the arguably largest cryptocurrency exchange by trading volume, has announced the support for Spark tokens airdrop planned by Flare Network for the XRP...

    Ethereum 2.0 Now Ready To Go Live On 1st December with Over 700,000 ETH Deposits

    Over the past two days, there has been a remarkable increase in the commitment of the Ethereum community towards the launch of ETH 2.0...

    CipherTrace Is Determined To Unravel Monero (XMR) Transactions Obscurity

    CipherTrace, a blockchain analytics firm, is developing tools to track the transactions of the world’s largest privacy token, Monero (XMR). And in less than...

    More Articles Like This