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Here is Why Ethereum (ETH) Price Could Jump To $200

Here is why ethereum (eth) price could jump to $200

Here is Why Ethereum (ETH) Price Could Jump To $200

  • ETH price started a nice uptrend above the $155 and $165 resistances against the US Dollar.
  • The price traded as high as $180, corrected lower, and now preparing for the next upside break.
  • There are two bullish trend lines in place with support near $159 and $153 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair remains in a strong uptrend and it is likely to climb towards $180 and $200 in the near term.

Ethereum price is following a solid bullish path versus the US Dollar, but struggling against bitcoin. ETH is likely setting up for a fresh increase for $180 and $200, while BTC is already gaining momentum.

Ethereum Price Weekly Analysis

This past week, ETH price started a strong upward move after it broke the $140 and $145 resistances against the US Dollar. There was a nasty rise above the $155 resistance level and the 100 simple moving average (4-hours). Buyers gained control and pushed the price above the $165 and $170 resistance levels. The price traded to a new yearly high at $182 and later started a downside correction. There were a few swing moves, but finally a low and support was formed near the $154 level.

Ether price recovered recently and moved above the $165 level. There was a break above 50% Fib retracement level of the last correction from the $180 high to $154 swing low. However, the price seems to be facing a strong resistance near the $170 and $172 levels. Besides, the 61.8% Fib retracement level of the last correction from the $180 high to $154 swing low also acted as a hurdle for buyers. At the moment, there are two bullish trend lines in place with support near $159 and $153 on the 4-hours chart of ETH/USD.

More importantly, it seems like there is a breakout triangle in place with resistance near $170. A successful break above the triangle and $172 is likely to push the price higher. The next stop for buyers could be near the $180 swing high. Above $180, the main target is likely to be $200.

Ethereum price weekly analysis eth btc

The above chart indicates that Ethereum is clearly trading with a positive tone above $155 and $160. Even if there is a downside correction, the price remains supported near $160 and $155. Only a daily close below the $152 level and the 100 simple moving average (4-hours) might increase selling pressure.

Technical Indicators

4 hours MACD – The MACD for ETH/USD is about to move back in the bullish zone.

4 hours RSI – The RSI for ETH/USD is currently positioned well above the 55 level.

Major Support Level – $160

Major Resistance Level – $180

Published at Sun, 07 Apr 2019 04:18:20 +0000

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BTC Media Acquires The LTB Network, Plans Relaunch

BTC Media, a leading information provider in the distributed ledger space, announced today that it has acquired The LTB Network.

The move adds the company to BTC Media?’?s other publication holdings, including Distributed, bitcoin Magazine, yBitcoin and Gongshitan, among others. As part of the acquisition, The LTB Network will undergo a relaunch in the second half of 2017 which will include an extensive rebranding.

?’?œWe are thrilled to add The LTB Network to our list of industry-leading information services,?’ said BTC Media CEO David Bailey. ?’?œThis strengthens our ability to help audiences stay ahead of trends in the digital currency space and implement best practices for their assets.?’

The LTB Network?’?s Founder and Editor-in-Chief Adam B. Levine will remain host of the flagship ?’?œLet?’?s Talk bitcoin!?’ show and serve on the network?’?s editorial board.

?’?œOur goal has always been to showcase the disruptive ideas, people and projects that are leading innovation in digital currency,?’ Levine said. ?’?œThis is a new opportunity to grow our audience and better serve our podcasters and writers by focusing more of our time on creating better content, not selling ads.?’

Founded in 2011, BTC Media is the world?’?s largest provider of multimedia, educational, conferences and other high-value informational resources focused on the digital currency and blockchain industries.

Founded in 2014, The LTB Network has for years been the home to a distributed group of independent broadcasters and journalists working toward better understanding, exploring and explaining the phenomenon of digital currency.

?’?œThis change marks a vitally important mechanism for BTC media to engage audiences worldwide,?’ Bailey said. ?’?œWe are excited to expand the number of podcasts and place new focus on production value. We look forward to building on the foundation that Adam has established and taking it to the next level.?’

The LTB Network has been a testbed of innovation with a proprietary content management system, token controlled-access forums and more. It was the first to launch a rewards program using a digital currency, LTBCoin, which was awarded to content creators and audience members according to their ?’?œProof of Participation?’ score.

Following the acquisition, LTBCoin holders will be given the chance to participate in a new, ?’?œProof of Existence 2.0?’ project, with details to be released later this year. It shares The LTB Network?’?s spirit of exploration into disruptive technology. Details and updates can be found at http://po.et.

For news media information, please contact Tyler Evans:

tyler@btcmedia.org

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