Ga naar de inhoud

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Ethereum Surges Over 5% as Analysts Eye Movement to $220

Geplaatst op september 30, 2019 door Blockchain News

Ethereum has extended its upwards momentum after briefly facing a bout of selling pressure yesterday that sent it reeling into the $160 region. Today, however, ETH has surged over 5% and is now nearing the $180 region.

This upwards momentum has come about as the aggregated crypto markets recovered from a sharp drop that occurred overnight, and analysts are now eyeing significantly further upside for ETH in the near-term.

Ethereum Surges Towards $180 as Buyers Flex Their Strength

At the time of writing, Ethereum is trading up nearly 6% at its current price of $178.70, which marks a significant recovery from its recent lows of roughly $165 that were set yesterday concurrently with the downturn incurred by the aggregated crypto markets.

Ethereum’s current upwards momentum is showing few signs of slowing down, and it has been able to outperform Bitcoin over the past 24-hours, which may signal that its near-term price action will remain separate from that of Bitcoin – assuming that BTC continues expressing stability around its current price levels.

The latest ETH surge did not come as a surprise to analysts, as HornHairs, a popular cryptocurrency analyst on Twitter, explained in a tweet from yesterday that he suspects that Ethereum will continue climbing higher in the near-term.

“$ETH #Ethereum: Bullish 1W SFP at a confluent level. If I was a gamblin’ man, I’d bet she goes up from here,” he said while pointing to the chart below that shows that ETH found strong support at its lower support boundary, which could mean that a surge to its upper boundary at $350 is imminent.

$ETH #Ethereum

Bullish 1W SFP at a confluent level. If I was a gamblin’ man, I’d bet she goes up from here. pic.twitter.com/WEL1yi5XfL

— HornHairs 🌊 (@CryptoHornHairs) September 30, 2019

Could ETH Target $220 in the Near-Term?

Although Ethereum’s mid-term target may currently sit as high as $350, in the near-term analysts believe that it may soon visit its recent highs around $220, but this move may depend on stability or upwards momentum amongst Bitcoin and other major cryptos.

Moon Overlord, another popular crypto analyst on Twitter, shared his thoughts on Ethereum in a tweet from this past weekend, in which he points to a chart that shows a near-term upside target around $220.

$ETH / $USD pair pic.twitter.com/R6T7pyipjR

— Moon Overlord (@MoonOverlord) September 28, 2019

It does appear that the trade idea he points to in his chart has already shown signs of being valid, which may mean that it is only a matter of time before Ethereum climbs back to its multi-week highs and lays the groundwork to target significantly higher highs.

Featured image from Shutterstock.

The post Ethereum Surges Over 5% as Analysts Eye Movement to $220 appeared first on NewsBTC.


Source: News BTC
Original Post: Ethereum Surges Over 5% as Analysts Eye Movement to 0

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Czech central bank adds Coinbase to portfolio, boosts Palantir holdings
  • BlockFi bankruptcy administrator and DOJ agree to dismiss $35M lawsuit
  • Thou shalt not shill: Fake ‘Vatican Chamber’ token presale exposed
  • NFT sales hit $2.8B in first half of 2025 as trading volumes tank
  • South Korea plans to lift crypto venture business restrictions

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • juli 2025
  • juni 2025
  • mei 2025
  • april 2025
  • maart 2025
  • februari 2025
  • januari 2025
  • december 2024
  • november 2024
  • oktober 2024
  • september 2024
  • augustus 2024
  • juli 2024
  • juni 2024
  • mei 2024
  • april 2024
  • maart 2024
  • februari 2024
  • januari 2024
  • december 2023
  • november 2023
  • oktober 2023
  • september 2023
  • augustus 2023
  • juli 2023
  • juni 2023
  • mei 2023
  • april 2023
  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©J Blockchain News Feed | Ontwerp: Krant WordPress thema