Ethereum price analysis and forecast

Ethereum began in October with 229.543743599 dollars. reached its highest level in the last month with a price of $ 181.61 on 12/09/2018 and the lowest of the last month on 03/09/2018 with USD 290.86. Ethereum, which showed a change of -2.9780% last week, is currently trading at $ 226.14.

Name Price24H (%)
Bitcoin (BTC)
$13,353.38
1.77%
Ethereum (ETH)
$380.93
-0.88%
XRP (XRP)
$0.237886
-1.79%
Bitcoin Cash (BCH)
$259.20
-1.26%
Litecoin (LTC)
$53.73
-1.08%
Cardano (ADA)
$0.093217
-3.75%
EOS (EOS)
$2.51
-4.59%

What is Ethereum (ETH)?

Ethereum is an open source, public and block-based distributed computing platform with intelligent contract (script) functionality. Ethereum is traded with a decentralized Turing virtual machine, or the Ethereum Virtual Machine, which can run scripts using an international public node network. Ethereum also provides an encryption icon named “ether”, which can be used to compensate the participant nodes for calculations and transfers between accounts. An internal transaction pricing mechanism called Gas is used to reduce spam and allocate resources over the network. Ethereum was proposed by Vitalik Buterin, a cryptographic researcher and programmer at the end of 2013. Development was funded by a crowdsale online during July-August 2014. The system was launched on July 30, 2015. In 2016, Ethereum was transformed into two-block chains by creating the Ethereum Classic as a result of the collapse of the DAO project. Ethereum is the virtual currency with the highest value after Bitcoin with its market volume exceeding $ 27 billion.

Ethereum (ETH)

Ethereum, which was traded at 10 US dollar levels for a very long time, reached a level of 361 dollars with a very high acceleration after 8 May. Then, as a result of the users’ tendency to profit, they wanted to sell Ethereum and went down to $ 147.

Ethereum is trading at 1.357,29 TL on TL basis and $ 226.26 on US dollar basis as of 03/10/2018.

Ethereum Price Prediction

Ethereum Winking $ 320 Resistance. ETH continues to gain value against the dollar, although it falls against Bitcoin. Ethereum is likely to test the $ 320 level. Will it be possible for the ETH to rise further to the end of the major downward trend? The expected Constantinople Hard Fork and ETH prices are likely to shed light on the domination of bulls by crossing their psychological boundaries. ETH continues to maintain its credibility due to the fact that it is the second largest currency in the crypto money market and loyal investors.

Nevertheless, it is followed carefully by the investors in order to give direction to the market due to the fact that it is the most important money after BTC. If we take a look at the technical picture of ETH that I think has completed the big fall; As can be seen in the chart, ETH tended to drop back from the $ 270 support after a rapid and downtrend in its investors, leaving the $ 280 downtrend and breaking its direction.

To overcome an important psychological limit of $ 300, he must first break the $ 295 resistance. I think the ETH will go up from the $ 300 level and want to test the $ 370 point by letting some $ 320 levels linger. In addition, the continued bullish domination of the general crypto money market also shows that the ETH will try $ 450. Even though it may seem that it will take some time, it will be proof that the CPR for the $ 450 ETH is over and that it returns to its vivid old days.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.