Qcrypto (OP)
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February 03, 2020, 06:27:41 PM |
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During the past 8 days Ethereum price went up by 22.5%, more so than usual. Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195. IT already broke $195 mark yesterday but went no further. Another factor is that it's been trading very heavily with Velocity reaching over 15%. Is ETH ready to push through $200 or is price correction due to happen? Thoughts?
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mahilchii
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February 04, 2020, 06:20:30 AM |
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Well, ETH is indeed very popular coin among alts I did few research on this and it looks like due to volatility in market this happened.
Volatile is not so easy anything can happen either it may go up or down asset is risky to hold that's it.
By the way I cant see any specific change in the market yes ETH may pump after some day it's a long-term asset mate. ETH crossing $200 is not a big surprise for if it goes.
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Balladtony77
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February 04, 2020, 06:40:40 AM |
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As much as i like Ethereum project I still easily categorized it to other altcoins because this coin can't do things on its own, still all decision about huge pumps depends on Bitcoin, don't know what will happen after Staking feature get launched on ETH platform though but I don't expect anything too huge
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Coin_trader
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February 04, 2020, 06:48:19 AM |
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During the past 8 days Ethereum price went up by 22.5%, more so than usual. Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195. IT already broke $195 mark yesterday but went no further. Another factor is that it's been trading very heavily with Velocity reaching over 15%. Is ETH ready to push through $200 or is price correction due to happen? Thoughts? Is the indicator in the picture is a Bollinger Bands?Anyways you can determine the volatility of a certain by using the Average True Range(ATR) indicator. You can use it to determine the possible movement of the coin for that period of time (Depends on the time frame that you set). As we can see on the graph: Using Average True Range(ATR)(1D time frame):ETH price is dancing on the price change of +-8$-9$ daily. To determine if the price is overbought then you can combine it to Bollinger Band to determine the current condition of the price. Using Bollinger Band(ATR)(1D time frame):Conclusion:Current ETH price is a bit on the roof of the channel which is a sign that it might decrease to the ATR (8-9$ more or less). It's safe to say that ETH might experience a major pull back unless there will be strong support that will show @180-185$ level to backup the bulls. Disclaimer: This is just my speculation and NOT a trading advice.
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yazher
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February 04, 2020, 06:52:03 AM |
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It's been a while since we have seen ETH reach this high, for the past month it's having a hard time to get past the $200 mark. Let's just hope that this will continue until the end of this year. I missed those days when it's price reached $800 last 2018 and after that, I never witness such a high price again in 2019. I wonder if history repeats again after this sudden uptrend and I just thought of what if they released that Etherium 2.0 to continuously increase this current situation of the ETH price in the exchanges.
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leea-1334
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February 04, 2020, 06:59:26 AM |
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Yes,,, I saw a few other people talking about the $195 sell order and the fact is a lot of people who bought below $100 will be looking to make double profits just at that area, so we have to wait for that order wall to fall down before we can see $200. And we will probably have a few retracements until then!
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FireBallex
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February 04, 2020, 07:12:57 AM |
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Every big and small crypto coins are volatile, what many failed to do is taking profits when bitcoin and ETH are surging, you would have make some good money if you are busy with trading and selling high , its still too early to see a new ATH from ETH
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best2015
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February 04, 2020, 07:48:42 AM |
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Every big and small crypto coins are volatile, what many failed to do is taking profits when bitcoin and ETH are surging, you would have make some good money if you are busy with trading and selling high , its still too early to see a new ATH from ETH
Quite true even though it is very sad. At this point you even short trade and watch out because as OP said ETH is volatile. The second option is to make research and long invest in something you truly believe will be huge in several years
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sana54210
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February 04, 2020, 03:41:18 PM |
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I guess breaking the resistance is already a tiring effort and going further sometimes requires even more challenge since the ammunition is usually used against these resistance points and it gets a correction. The trouble here is the fact that ethereum is getting attention already as the second ranked coin which normally is very difficult considering people who want stability goes for bitcoin and people who want risk goes for further down the list, so getting bigger increases as the second ranked has always been a troublesome thing for years starting way back when litecoin was the second ranked one and still continues today.
All that aside, I feel like this is just the beginning of the road for ethereum, I see many many years of increases upon this price for sure as the crypto surge will continue upwards.
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serjent05
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February 04, 2020, 03:52:12 PM |
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I wonder if OP is new here in the crypto industry. High volatility had been the trademark of this industry, that is why many investors and traders are attracted to participate in the industry and ETH is not exempted from this kind of market fluctuation. If you look at the market, this is not the first time that ETH behaves this way. Probably someone is trying to push the price up then, later on, dump their huge stash whenever it hits the target price. Aside from that, I think it is too early for ETH to rally since funds are going to the Bitcoin market for the upcoming halving event. So I guess this run is just a bull trap for ETH bulls. Is ETH ready to push through $200 or is price correction due to happen? If ETH hit the $200, I think it won't be a correction but rather a trap since traders might short their trades upon reaching that price.
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bonyaserg
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February 04, 2020, 04:01:17 PM |
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Personally, I believe that Ethereum is now gaining momentum and in the near future Ethereum will be the most promising coin. And another very positive factor, Ethereum is becoming the most sought-after coin in the cryptocurrency market. And in the near future, Ethereum will break the point of $ 200.
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erikalui
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February 04, 2020, 04:37:16 PM |
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If we consider Ethereum prices of the years and the fluctuations, we cannot call it very volatile as there has always been a $8-$10 up-down since Nov 2018 and it has been stuck between $180-$220 but the moment BTC drops, we'll again see $120 which is the actual price of ETH without any correction. Due to the bull market, it may reach $250 but again fall to $120. Chart: http://prntscr.com/qxhml1
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Qcrypto (OP)
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February 05, 2020, 06:11:45 PM |
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Not only did ETH broke $195 mark, it also broke $200 and is now on it's way to $210
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Baimovic
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February 05, 2020, 06:55:55 PM |
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The latest news, you can see for yourself that the price of Ethereum has now reached more than $ 200 or today precisely in the price range of $ 203 (+ 8.08%) in the last 24 hours. I think the Ethereum price is currently experiencing a good price movement and it is likely that the Ethereum price will continue to $ 210- $ 230 this February.
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kevinzxz
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February 05, 2020, 11:29:01 PM |
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During the past 8 days Ethereum price went up by 22.5%, more so than usual. Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195. IT already broke $195 mark yesterday but went no further. Another factor is that it's been trading very heavily with Velocity reaching over 15%. Is ETH ready to push through $200 or is price correction due to happen? Thoughts? price correction will definitely happen, but after a price correction, the price of Ethereum will increase, therefore when the price correction occurs, it is the right time to buy Ethereum, because I believe Ethereum prices in 2020 will penetrate the price of $ 450.
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Lagduf
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February 05, 2020, 11:39:23 PM |
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During the past 8 days Ethereum price went up by 22.5%, more so than usual. Currently at $190 at the time of this post, and there is a huge SELL ORDER on Binance at $195. IT already broke $195 mark yesterday but went no further. Another factor is that it's been trading very heavily with Velocity reaching over 15%. Is ETH ready to push through $200 or is price correction due to happen? Thoughts? No more correction for ethereum as it's still underperformed compared with the bitcoin. Bitcoin always get the bullish trend with an only small correction and i just expect the same thing that will be happening with ethereum as bitcoin has already started to surge again. I may aim $210 as the next pit stop for ethereum. When bitcoin worth almost 10k and the price of ethereum was around $700 in 2018. With the next update that will be happening in the future and that will be pushing the price of ethereum.
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livingfree
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February 05, 2020, 11:58:26 PM |
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Is ETH ready to push through $200 or is price correction due to happen? Thoughts?
The question was answered today. Ethereum pushed to $200 and price correction might occur suddenly base on the sell orders that we have. Happy to see it broke $200 barrier but don't be confident that there will be no slips on its way back to $300 and more. I think the Ethereum price is currently experiencing a good price movement and it is likely that the Ethereum price will continue to $ 210- $ 230 this February.
It can be more than that, we still have 3 weeks and I think it will determine again what will be its position before bitcoin's halving. Did everyone already made their sell orders or keep holding?
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Saisher
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February 06, 2020, 12:33:27 AM |
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Very volatile but advantageous to those already holding Ethereum but volatility is not only on Ethereum it applies to all coins in the market.it's the market reaction to all the events and news coming that makes it volatile but so far all the top coins in the market are performing better than last year.
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leowonderful
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February 06, 2020, 12:38:55 AM |
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I would take single large walls with a grain of salt most of the time. While some of these walls end up holding until they're eventually closed out through buying or selling, a lot of them are also pulled as soon as they begin being filled or when they're filled to some percentage or amount. Most walls like the one mentioned in the OP also occur only mainly on one exchange, too, though Binance is one of the larger exchanges with Ethereum pairs.
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pragna
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February 06, 2020, 06:03:34 AM |
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Yes, i am also very happy to see that ETH now cross 200$ and hope it will create a good record as there is no bad news in market. But problem is when ETH go down it does very rapidly and here investors fall in crash. So let's see whats going in next..
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