[2018-10-30]Ethereum Price Analysis: ETH/USD Sellers In Control Below $200

[J_Crypto]

Key Highlights ETH price declined sharply and broke the important $197 support against the US Dollar. There was a break below a crucial contracting triangle with support at $199 on the hourly chart of ETH/USD (data feed via Kraken). ETH/USD moved into a bearish zone below the $200 and $197 support levels.

Ethereum Price Analysis After trading in a range for a few days, ETH price started a downside move against the US Dollar. The price broke the $201, $200 and $197 support levels to move into a bearish zone. During the decline, there was a break below a crucial contracting triangle with support at $199 on the hourly chart of ETH/USD.

It moved above the 23.6% Fib retracement level of the recent decline from the $203 high to $190 low. It also represents the 50% Fib retracement level of the recent decline from the $203 high to $190 low. Looking at the chart, ETH price is under a lot of pressure below the $197 level.

https://www.newsbtc.com/2018/10/30/ethereum-price-analysis-eth-usd-sellers-in-control-below-200/

[landslide]

A draft paper of Ethereum's Casper has been published. Check it out.

https://t.co/4k0GbMLq3C
https://t.co/4hhJHaaj22 https://t.co/rWxIZKWVjf

[i7claufe]

I sure do hope Fibonacci works with the crpyto market but obviously it does not, unlike the Stock market, graphs are easier and not as fluctuating as the crpyto. I have been using Stock market strategy in the bull run, and I earned a lot! I always believed it was my strategy but maybe it was just the bull run though.

[Red-Apple]

no amount of technical analysis has ever worked for bitcoin. and when it comes to an altcoin it becomes even less useful!

as for the price, i still believe that the real value of ethereum is below $50 but i no longer think that price is possible this round because there are currently some very strong whales hard at work to keep this project alive and start a pump again. so far the market doesn't seem to be listening to them but i think they have enough money to pump it at least for a short time in a short size.

[tokeweed]

I once upon a time thought ETH was gonna do a 'flippening' by this time this year...  Even Roger Ver said it in one of his interviews.  Lol.

How could I've been so dumb to think that it would really happen. 

[kolonel_x]

I am sure that until the end of the year ETH prices will remain stable at 200 dollars and there will be no sharp increase or decrease. Maybe in early 2019 there will be a movement for all coins.does anyone have the same prediction with me

[nyia]

I am sure that until the end of the year ETH prices will remain stable at 200 dollars and there will be no sharp increase or decrease. Maybe in early 2019 there will be a movement for all coins.does anyone have the same prediction with me

I think it's not like that in my opinion there will be an increase even if it's not significant, but altcoin especially ETH will be strong against BTC shocks because the market currently dominated by BTC is not an altcoin.