The price of Ethereum started to fall against the USD just like the rest of the cryptocurrency market. This morning, the price of Ethereum quickly went from red to green following a conversation between Tesla’s Elon Musk and Ethereum’s Vitalik Buterin.
Ethereum News Today – Elon Musk And Vitalik’s Little Chat On Twitter
Everyone who is active in the cryptocurrency community knows that the CEO of Tesla, Elon Musk is a fan of cryptocurrencies. A while ago, Elon Musk made a statement about Dogecoin that gave it a significant boost in price.
This morning, Elon Musk simply tweeted the word ‘Ethereum’ through his official handle. Replying to the tweet, Ethereum’s Vitalik Buterin used the opportunity to invite Musk for the upcoming developers conference which is scheduled to take place in October in East Asia. In his words;
“You should come for our Devcon in October”.
Replying to Buterin, Musk typed;
“stop giving out free ETH”.
You see a while ago, there was a popular cryptocurrency scam on Twitter. Verified Elon Musk handles were offering unsuspected users free ETH. While Musk’s reference to the cryptocurrency scams seem unrelated, an article from thenextweb.com suggests that this Musk’s comments may all have been part of a joke. T
he writer compared it to what happened a while ago when Musk talked about his company’s earnings and got into trouble with the SEC. In his defense, that tweet was part of a joke to impress his girlfriend.
Musk only settled that issue last week and was given details of the kind of posts he should show a lawyer before posting to avoid getting into trouble for posting misleading comments. Meanwhile, he has to reassign as the chairman of Tesla because of the saga.
Ethereum Price Prediction 2019 – Ethereum (ETH) Price Starts Much Awaited Rebound To $170
Ethereum price prediction 2019 has been a mixture of bearish and bullish waves for the past few months. At first, everything was positive.
Ethereum was rising significantly against the USD due to a combination of factors like the Ethereum Constantinople hard fork anticipation about Serenity and the general positive sentiment in the market.
The second largest cryptocurrency per market capitalization went from double digits in December to triple digits in January. In the first week of April, the price of Ethereum moved above the the $180 level and everyone was sure that it would cross $200. Unfortunately, that didn’t happen and Ethereum started to decline.
Ethereum (ETH) Price Today – BTC / USD
Ethereum (ETH) was red just before Elon Musk posted the word ‘Ethereum’ on his Twitter handle. Keep in mind that the price of Bitcoin and many other cryptocurrencies are still red against the USD and Ethereum may be the cryptocurrency to fuel the next cryptocurrency bull in the market.
Ethereum (ETH) Price Analysis April 2019
According to the latest Ethereum (ETH) price analysis on newsbtc; on the last day of April, there was a decent upward move in Ethereum price above the $154 and $155 resistances against the US Dollar.
The ETH/USD pair even settled above the $155 level and the 100 hourly simple moving average. The pair gained bullish momentum and even broke the $158 resistance and the $159 swing high.
It opened the doors for more gains above the $160 level and the 1.236 Fib extension level of the last drop from the $159 high to $150 swing low.
The price traded towards the $165 level and formed a swing high near $163. An immediate support is near $160 and the 23.6% Fib retracement level of the recent wave from the $150 swing low to $163 high.
Moreover, there is a connecting bullish trend line in place with support near $158 on the hourly chart of ETH/USD. If there is a break below the trend line, the price could test the $156 support level. The 50% Fib retracement level of the recent wave from the $150 swing low to $163 high is near the $156 level.
On the upside, an initial resistance is near the $163 high. The next key resistance is near the $165 level, above which the price could start a strong wave towards the $170 and $172 levels.
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