Analysis Ethereum Analysis: Bulls might take over bears if ETH...

Ethereum Analysis: Bulls might take over bears if ETH price cross $200

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Ethereum, which is currently trading at the price of $189 is following Bitcoin’s price closely which has been trading sideways around $8,800 since the drop in price from $9,000 that occurred earlier this past week. Ethereum price slightly climbed up by 3% compared to yesterday’s trading price of $184.

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As seen in the 360-days moving average, ethereum is finding some support according to some of the popular cryptocurrency analyst. The analyst also suggests that if the ethereum can close above $200 which is its long established resistance level, then it can spark a fresh uptrend in the crypto market.

So for this coming weeks and months, the movement of ethereum can be determined by the way it trades against Bitcoin within coming hours and days. Anything above the resistance level of ETH ($200) can play a significant role in gaining edge over the BTC.

Sangeet Sigdelhttps://altcoin.media
Sangeet is a freelance blogger who writes on blockchain related topics in different media platforms and he have been involved with crypto trading for last 5 years. Even though he have completed his Bachelor degree in Hotel Mangement and had worked at different management post in Hospitality sector, his passion for blockchain and cryptocurrencies has never died. He is also one of our full time Staff Writer.

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