{"id":13352,"date":"2019-04-03T00:00:00","date_gmt":"2019-04-03T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/04\/03\/ethereum-eth-price-analysis-up-24-5-percent-but-volumes-are-thin-will-it-reverse-q4-2018-losses\/"},"modified":"2019-04-03T00:00:00","modified_gmt":"2019-04-03T00:00:00","slug":"ethereum-eth-price-analysis-up-24-5-percent-but-volumes-are-thin-will-it-reverse-q4-2018-losses","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-eth-price-analysis-up-24-5-percent-but-volumes-are-thin-will-it-reverse-q4-2018-losses\/","title":{"rendered":"Ethereum [ETH] price analysis: Up 24.5 Percent but Volumes are Thin, Will it Reverse Q4 2018 Losses?"},"content":{"rendered":"

Latest Ethereum [ETH] News<\/strong><\/h2>\n

After 15 long months of relentless bears and distribution, the crypto community is recovering. Yes, it is not like Ethereum [ETH] doubled but there is a relieve in that prices are above important liquidation levels. Besides, there are torrents of articles out there as analysts try to figure out exactly why the markets is rallying. While there is a contagion effect from the king of cryptocurrencies, we must also admit that despite fading novelty especially in the dApp sector, Ethereum is a go-to smart contracting platform.<\/p>\n

<\/p>\n

There was a successful Metropolis and with a freeze ahead of proof-of-stake, scarcity will ultimately fuel demand and with meteoritic rise of Bitcoin, ETH pump is likely to be accelerated. Apart from Metropolis and Bitcoin and all this interest around prices, let\u2019s also not forget that Ethereum 2.0 test-net has been released. It\u2019s a huge stride towards proof-of-stake via Serenity and Nimbus, the development team that released this upgrade, admitted of challenges but nonetheless launched it within the set time frame:<\/p>\n

\u201cWe did it\u2026we have a Nimbus-to-Nimbus test-net running, not just in a simulation on a single machine, but with a remote bootstrap node and people connecting to it \u2013 even from outside of Status. This is a major milestone in the development of Ethereum 2.0, and while stability issues persist and bugs will happen, the fact that we now have a Beacon chain synchronizing across nodes that aren\u2019t necessarily local to each other is a big deal.\u201d<\/em><\/p>\n

ETH\/USD Price Analysis<\/strong><\/h2>\n

\"ethereum<\/a><\/p>\n

At the time of press, Ethereum [ETH] prices are over-extended, up 24.5 percent from last week\u2019s close and 11.6 percent from yesterday\u2019s close. This means, the coin is trading above a temporary resistance line at $150 translating to longs for risk-off, aggressive traders.<\/p>\n

If anything, the trader\u2019s cause of action in the next few days is to search for undervaluation opportunities in lower time frame anywhere between $150 and $160, load up and aim for $200. On the other hand, and as reiterated in all our last ETH\/USD trade plan<\/strong><\/a> is to wait for a firm break above $170\u2014last year\u2019s support now resistance, nullifying the bear slide of Q4 2018 and setting the tone for the next wave of higher highs towards $250 and even $300.<\/p>\n

The reason for this caution is that Apr-2 bull bar, despite being wide-ranging had low participation\u2014254k which is less than half of Feb 24\u2014880k but still above recent averages of around 110k and more than Mar 5 of 302k.<\/p>\n

All Charts Courtesy of TradingView<\/a><\/strong>\u2014BitFinex<\/p>\n

Disclaimer:<\/strong> Views and opinions expressed are those of the author and aren\u2019t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Latest Ethereum [ETH] News After 15 long months of relentless bears and distribution, the crypto community is recovering. Yes, it is not like Ethereum [ETH] doubled but there is a relieve in that prices are above important liquidation levels. Besides, there are torrents of articles out there as analysts try to figure out exactly why … <\/p>\n

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