Bitcoin Forum

#1 Key Highlights

Ethereum (ETH/USD) price surged 7%+.
 
10 and 20-EMA (exponential moving average) providing support.
 
$130 resistance tested.
 
#2 Chart Analysis

As stated in the previous article Ethereum was showing upside momentum and it moved 7+% today as per Ethereum trading sites.

Looking at the ethereum trends on Hourly (4H) chart timeframe, we can observe potential resistance turned support (S/R) around $119-$120 was held.

See the charts here since I am not allowed to post images (https://coinswitch.co/news/ethereum-latest-price-analysis-2019-02-13-ethereum-price-bounced-from-the-resistance-to-support)

#3 Conclusion

Ethereum price analysis 2019 states it needs to undergo a corrective rally before continuing the bullish momentum.

On the expectations of Constantinople hardfork, Ethereum rose sharply and today has already reached $ 139. I expect further growth of ETH before hardfork and I think Ethereum will become the leader of growth among all cryptocurrencies in the coming days.

I'm so sure that ethereum will go to $ 200 towards the end of this month, eth shows a positive graph and is supported by good indicators and goog momentum

Most likely it started pumping in anticipation of the launch of hard forks, so a very large number of people began to invest money, which significantly affected the price!

I'm expecting more of it for the next months. I'm starting to see that the Constantinople hard fork is starting to give the positive reaction of the market and everyone's starting to feel like it's time to buy before it happens.

$200 is going to be easy at the end of this month but if this won't happen, we'll see it then for another expected month. I'm more focusing with higher price and I want to see it again when ETH is on the all time high.

The next resistance should be around $150 but remember the halving or decrease on ethereum block reward still not yet give any impact to the price. That's a lot consider about there will be 33% decrease on block reward for miners. Miners get less ether and less ether goes to the market soon.

that is not how a pump looks like.

this is simply a small rise of 1-2 % and it is happening purely because of bitcoin price rise of about 10%. and there is some fake hype going around in the altcoin market which is an awesome short term opportunity to pump and dump a lot of shitcoins and make a lot of money in a day or two.

I believe that this is the second case of such growth before the hard fork. now it will grow till 150 dollars, and then we will return to 100 dollars again, or maybe less

I predict ETH will touch the price of $ 200 this month because of the current positive trend.

This is little compared to what has happened in the market today,Ethereum rein has surged 9% and with the way it is going, it looks like it won't be stopping anytime soon.

Ethereum price shocked me yesterday, normally when bitcoin turns red in the market, ethereum would follow it's lead but bitcoin and other ALTs saw a slight reduction in price yesterday but Ethereum kept mooning.

The price of Ethereum has started to increase in recent days and the current price is around $140, which means the resistance that you specify was broken. I guess Constantinople hard fork is reason for increase. If we broke next rsistance, we will see a better price.

Ethereum is on the track,and all the crypto currencies were going green at the moment so lets pray for the another bull run from this moment.

Currently Ethereum is traded for $140 with 10% of price growth since last 24 hours.

This is what I got now in Poloniex:
https://i.imgur.com/susuBIj.jpg

It seems, the trend still going to increase and I think we can break $150 if everything goes right. I use Bolinger Bands with Moving Average for the analysis. Congratulations to people who bought Ethereum at $110 because they now can make a good profit. But I still waiting for the price can increase more than $150 ;D

Could someone explain why market went up?
And where is the top for Ethereum. I sold Ethereum for 120$ because I thought that it will go down again.

Yes Ethereum has increased again and this is a long-awaited trend, the crypto market is starting to improve and will increase.
Ethereum returned to its position and this made the holders gain profits, still hoping prices will increase again.

it is wonderfull for ethereum, the price will continue to moving up until the hardfork ethereum for konstatinopel.
After that , usually the price will go down again.

I just watched the price and Eth already touched 145$ around .As you mentioned the resistance level is 130$ and eth already break this level .So that hopefully we can see a huge uptrend .

Now a significant correction is possible, since the impulse was very large. Later, of course, possible continue of the uptrend at the same pace.

I think it is more likely that Ethereum will go for correction, as It has already given a good growth. Bitcoin is also pretty well up. I wonder what it means, normal growth, or the beginning of a new cycle.

Some Ethereum developers have expressed concern about the potential security vulnerabilities in the new type of smart contracts that will be integrated into the source code in the upcoming Constantinople hard fork update.

In response, Ethereum co-founder Vitalik Buterin said during a meeting of developers on February 15 that the planned modifications of the program code will not create vulnerabilities on the Ethereum blockchain. Read more here https://coinspot.io/technology/ethereum/buterin-otvetil-na-ozabochennost-vozmozhnymi-uyazvimostyami-v-obnovlenii-ethereum/

Wait. At least on the basis of this news course ETH went up and away XRP pushed from second place to third.

Everyone is buying Ethereum before the hardfork happens. Developers have promised to release their hardfork at the end of February and if it is not getting postponed the whole industry will be pushed forward.

At a point  began to wonder what could be responsible for the upward movement of ethereum. Although, the price of bitcoin is also going uptrend, which could have also had some positive impact on the growth of ethereum. Nonetheless, i discovered that the fast and significant growth of ethereum is due to the rumour of the hardfork, although the exact date is not yet announced.

Wowww.. I admire people that can read graphs so well. I have always wanted to be able to do that but too lazy to learn. Can you help with the basics please.

Yes, I am very sure the price of Ethereum will rise again before Hardfork happens later, and now signs of an increase have occurred. And for Hardfork there are still 2 weeks left, so take advantage of this moment.

Hoping for the ethereum to recover more.. Hoping for the $200 price, if not now maybe in the next coming days and if possible price will continue to rise

Hopefully the price of Ethereum and the other altcoins should move up this year. I don't just want to stop believing in cryptocurrency and the blockchain technology as a whole. Let's keep moving on as altcoins gain resistant and bull run.

ETH platform is hosting the smart contracts and it is it`s platform main utility so until there will be no higher demand for ICOs the price will reflect the poor market situation. I expect slow recovery for ETH.

The present situation at hand now is not just about ethereum, bitcoin with its domineering nature is also growing. Which means that the growth of ethereum could also have been influenced by the of btc.
I cannot totally believe that the upcoming hardfork is what is pumping ETH to that level. There might also be other factors.