Ethereum Price Analysis- Feb 7, 2019- ETH Price Dropped, Will The $100 Support L

[iam_aayushiJ]

#1 Key Highlights

It has tested the $100 price level twice and moved 3+% so far.
 
Stock-RSI and MACD indicator showing signs of upcoming bullish momentum.
 
Immediate resistance price level $120+ needs to be broken for bullish action.
 
#2 Chart Analysis

Ethereum trading at $100+ price level is 36+% down since mid of January'2019 price level.Looking at the ethereum trends on daily chart timeframe, it's quite bearish and in downward direction apparently.

ETH/USD (ethereum ticker) tested the $100 support level on 6th February'19 and moved 3+% up.

Please see the charts here [I am not allowed to post images]

If we look at the ethereum price analysis today, then it has been testing the short-term downtrend line (red line) which needs to break to show signs of the bulls.Stoch-RSI is gaining momentum upwards which is a good sign. Along with it, MACD has been curving up and moving towards the bulls territory.

Ethereum has lots of hurdles to cross to support bullish momentum. It needs to cross long-term downtrend line (dotted line) followed by $120+ resistance level.

Bearish signs can't be ignored as well if we look at the ethereum technical analysis today. Firstly, it has tested 200-Day MA (moving average) on 6th January' 2019 but couldn't break it despite bullish ethereum news consisting of forks.

#3 Conclusion

Looking at ethereum technical analysis today, its difficult to conclude whether we see more downside or upside in the coming days. Mixed signs of Bulls, as well as Bears, is visible on the ethereum price analysis 2019.

[Saisher]

Don't worry we will have an early bull run for Ethereum before the fork, some would be buyers are looking to buy at the last minute and that includes me, and maybe after that the price will be much more different than what we had right now, so relax.

[bigcash2011]

Everyone is waiting for reversal and bull run thqt is highly expected around the upgrade feb that is coming at the end of this month but to confirm bulls i think eth should break 300 i mean long term uptrend.

[masterzino]

Ether is one of the most connected to Bitcoin coins when we are talking about price moves.

If Bitcoin fails under $3K, you will see what is testing and what not. The price will fall a lot because ETH have very weak own defence levels.

[Convery]

#1 Key Highlights

It has tested the $100 price level twice and moved 3+% so far.
 
Stock-RSI and MACD indicator showing signs of upcoming bullish momentum.
 
Immediate resistance price level $120+ needs to be broken for bullish action.
 
#2 Chart Analysis

Ethereum trading at $100+ price level is 36+% down since mid of January'2019 price level.Looking at the ethereum trends on daily chart timeframe, it's quite bearish and in downward direction apparently.

ETH/USD (ethereum ticker) tested the $100 support level on 6th February'19 and moved 3+% up.

Please see the charts here [I am not allowed to post images]

If we look at the ethereum price analysis today, then it has been testing the short-term downtrend line (red line) which needs to break to show signs of the bulls.Stoch-RSI is gaining momentum upwards which is a good sign. Along with it, MACD has been curving up and moving towards the bulls territory.

Ethereum has lots of hurdles to cross to support bullish momentum. It needs to cross long-term downtrend line (dotted line) followed by $120+ resistance level.

Bearish signs can't be ignored as well if we look at the ethereum technical analysis today. Firstly, it has tested 200-Day MA (moving average) on 6th January' 2019 but couldn't break it despite bullish ethereum news consisting of forks.

#3 Conclusion

Looking at ethereum technical analysis today, its difficult to conclude whether we see more downside or upside in the coming days. Mixed signs of Bulls, as well as Bears, is visible on the ethereum price analysis 2019.

Thank you for a great analysis! Now, I know more that Ethereum will go down or up in next few days, this I didn't know!  
Spent 2 minutes by reading this and it gives me nothing, plwase don't post such analysis .

[jacafbiz]

Don't worry we will have an early bull run for Ethereum before the fork, some would be buyers are looking to buy at the last minute and that includes me, and maybe after that the price will be much more different than what we had right now, so relax.

I do agree with you that we will likely get another bull run before the hard fork, the hard fork was the event that triggers the previous bull run until it was suspended. For long term I am not bullish on Ethereum because the whole market setup is week and if Bitcoin drops below $k, it is likely it is going to drag the whole market down with it

[digitalblock]

The developers of Ethereum are themselves to blame for the fact that they cannot update the Ethereum network on time, and they make these mistakes all the time, which is why the price of Ethereum is low.

[tabas]

I dont have to get into different analysis though what you got there is interesting and informative. I have decided to long on ethereum and believing that it will rise again when bitcoin goes on bullish.

[Ozero]

Don't worry we will have an early bull run for Ethereum before the fork, some would be buyers are looking to buy at the last minute and that includes me, and maybe after that the price will be much more different than what we had right now, so relax.

Already today, the price of ethereum has risen, according to CoinMarketCap, to 118 dollars. In addition, if the difference in capitalization between this coin and ripple was about a billion dollars and sometimes reached two billion, now ethereum is only 400 million dollars behind ripple in capitalization. Most likely, this is just while the fluctuations, but the good thing is that while this coin does not fall. In late February, before improvements, it should grow well in value.