Cryptos Are All Green Today, Ethereum Surges Above $585, Bitcoin Over $8500, Ripple At $0.85,

Ethereum has gone up and only up in the past week and is gaining momentum over USD and even bitcoin. ETH has about $40 increase in the last 24 hours that is just at the top of its 40% jump in last two weeks. The reason behind it maybe the huge sell off that is making ETH perform in revers of what happened in March 2018, if you look at the second chart below that shows how ETH lost about 50% of the value in March and Feb 2018 only and lost the market cap more than any other coin, and how it is just about the same price it was a month ago recovering from a 50% fluctuation. The sell off that happened in March many believe that almost pushed all the short term investors that were panicked by the trail of bad news to sell their cryptos and save USD.

While BTC, ETH, BCH and LTC  are following the recent predictions by Lee and walletinvestor and others on the second half of 2018 and increasing prices for the cryptocoins, ETH seems to be leading the path to end of the year highs.

Ethereum prices up

Ethereum prices up

ETH price is moving higher and higher and it recently broke the $535 resistance against the US Dollar and now is about $595. The pair may continue to rise in the near term towards the $650 and $750 resistance levels. ETH/USD is likely to extend gains with next hurdles near $600, $520 and $650.

Ethereum Prices Are Going UP Now, although in 2018 ETH lost about 40% of the value in just March and more than any other coin but why? Bad news one after another were hitting the crypto market and all of the coins were experiencing sell off, especially ETH. This is an important reversal signal formed from the $388 pivot in ETH price against the US Dollar. The price started an upside move and broke a few key barriers such as $450 and $480. It even moved above the $500 level and traded as high as $530.62. It is now trading well above the $520 pivot level and the 100 simple moving average (4-hours), which is a positive sign.

Ethereum price reversal in April 2018

Ethereum price reversal in April 2018

 

Some of the bad news leading to sell off of all cryptos in general for recent weeks: 

  • Closing two exchange centers in Japan
  • Tax inclusion in US
  • Banning banks in India to work with exchange centers
  • Banning Cryptocurrencies and ICO ads in Tweeter, Google and Facebook
  • Forcing the exchange centers to apply  to be regulated in US, S Korea, Japan & …
  • The pornography in blockchains

But now while a number of ethereum projects are building solutions for its problems, Perun’s approach to its protocol is unique – namely in its focus on security, as it provides formal security definitions and security proofs for its protocol. An incremental innovation perhaps, but one University of Warsaw associate professor Stefan Dziembowski, a co-author of the paper, argues can’t be undersold given the nature of value transfers. He told CoinDesk:

“We are convinced that in the context of cryptocurrencies, a sound security analysis is of particular importance because security flaws have a direct monetary value and hence, unlike in many other settings, are guaranteed to be exploited.”

But now after the huge sell off that happened in march in ether community most of the investors are long term investors and eyeing at least for Nov 2018 to jan 2019. Ether comparing to starting of this week jumped from $391 to $595 and tend to stay almost most of the times above $500 line. BTC from $6580 jumped to $8539 and Litecoin from $112 to $151 and stayed above $120.

This price increase trend in the this week if stays and continues the momentum, it confirms many positive predictions on ether future trend. Although many has said Bitcoin will fail (as the leader of digital assets and crypto world) and it is just a bubble that has already popped out, Many high profile annalists and their predictions are actually pointing to the mid 2018 as the transition point from a decreasing trend that started in Jan 2018 to an increasing period that goes up to Dec 2018.

The Future And Long Term Forecast for Ethereum Price Prediction:

The predictions specially for the Ethereum ( that is in many ways the most complex and advanced Cryptocurrency) have forcasted a price increase up to $1600 at the end of 2018. Ethereum Price prediction actually paint a very bright future till first Q of 2019 and up to about $1600. By today it has recovered 40% of its price drop in march.

The Future And Ethereum Price Prediction

The Future And Ethereum Price Prediction

https://walletinvestor.com/forecast/ethereum-prediction

 

Tags: News, cryptocurrencies, bitcoin, ethereum, ether, bitcoin price, bitcoin market, bitcoin prediction, ethereum prediction, crypto future, bitcoin news

Mohsen Daemi
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