Ethereum (ETH) struggles to touch $500: Price prediction and technical analysis
Ethereum has been exhibiting a slump in prices since yesterday. ETH price was struggling to reach the $500 resistance level for the past two weeks. The highest it has reached in three days is $476 which seems to be the current key resistance level. Ethereum is currently trading at $464.53 at a loss of 3.24% against USD over the last 24 hours.
The significant area of trading for today ranges from $449 to $459.59. The current support level can be traced at $456.17 and it is exhibiting a gradual rise in prices. The price since the past few days can be seen treading consolidation. The 200 EMA line is above the current stock price signifying a downward trend.
While Bitcoin is struggling to reach $6600 ETH has been losing against it by 1.77%. Currently, one ETH equals 0.712BTC.
Ethereum Price prediction
According to Smartereum, it is predicted that Ethereum would reach around $ 2500 by the end of 2018. By the end of 2019, it is expected that Ethereum would be somewhere around $ 14,000. Similarly, by the end of the year 2020, it is assumed that Ethereum would be around $ 31,000.
According to Walletinvestor, the Ethereum price can go up from $466.519 to $1003.190 in one year. The Ethereum in five years will be 3730.600 USD. The long-term earning potential is 115.04% in one year.
According to Longforecast, by 2020 ETH price will be up by 14.3%.
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