Ether went down on Jan 16 but is recovering today on Jan 17, trading around $122.24, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
Should the bulls defend the demand level of $109 and the price bounces Ethereum price will resume its uptrend movement and may have its target at the previous high of $164.
Even though its price fell almost 90 percent, Ethereum was still pretty vivacious in 2018 as it has seen greater adoption, regulatory certainty, and institutional interest indicating that Ethereum is very far from dead. 2019 looks promising as well.
Ethereum is trying to recover after a selloff on Thu, Dec 6, trading at around $104.02, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
Ether is slightly moving down on Thu Nov 29, trading at $122.20, reports Dmitriy Gurkovsky, Chief Analyst at RoboForex.
Ethereum refused to respect the historical price level of $140; it has gone down lower to the demand level of $102. ETH price may reach $90 price level as long as the bears maintain their pressure.
Ether continues its decline on Nov 22 after a short pause, and is now trading at $136.85, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
In case the historical Ethereum price level of $140 hold, traders can initiate buy setups in anticipation for bullish trend.
Should the bulls gain enough momentum and break up the supply level of $227, Ethereum price will rally to the north and may have the supply level of $257 as its target.
The report covers data on the crypto market movements during 2018. Special focus has been given to the analysis of changes taking place over October 1-7, 2018.