{"id":59932,"date":"2020-02-03T11:44:28","date_gmt":"2020-02-03T09:44:28","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=59932"},"modified":"2020-02-03T11:44:28","modified_gmt":"2020-02-03T09:44:28","slug":"heres-why-analysts-ethereum-price-explode-200","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/heres-why-analysts-ethereum-price-explode-200\/","title":{"rendered":"Here’s Why Analysts Expect Ethereum Price to Explode Past $200, And Quick"},"content":{"rendered":"
Once again Bitcoin has found itself stuck.<\/a> Over the weekend, the cryptocurrency failed to move in any notable fashion, flatlining in the low-$9,000s as buyers and sellers duke it out for dominance. Altcoins, on the other hand, saw an extremely strong weekend, with Ethereum surging to $190 and XRP passing $0.25<\/a>, setting multi-month highs as BTC flatlines and tries to establish a direction.<\/p>\n While most eyes are on Bitcoin, some analysts have begun to recently eye ETH, which many say is a bellwether for the rest of the altcoin market.<\/p>\n And interestingly, many are bullish on the altcoin.<\/p>\n As noted<\/a> by cryptocurrency analyst Crypto Einstein, Ethereum closed the past week above $168, which he seemingly pointed to as a key level for the asset to move across. He added that with ETH recently registering its 6th consecutive green week in a row for the first time since the rally in early-2017, he would be inclined to believe that Ethereum’s “bull market [has been] confirmed.”<\/p>\n https:\/\/twitter.com\/BitcoinEinstein\/status\/1224218865724510208<\/p>\n Josh Olszewicz<\/a>, a crypto asset analyst at markets research firm and data provider Brave New Coin, recently gave a confluence of technical analysis factors as to why the price of Ethereum could soon surge by hundreds of percent, echoing his contemporaries:<\/p>\n 1W $ETH<\/a><\/p>\n still very early, but possibility of A&E-type pattern building <\/p>\n 1.618 and measured move are also near yearly pivots, $444-$555 pic.twitter.com\/OZSFBxyc87<\/a><\/p>\n — Josh Olszewicz (I will not dm you) (@CarpeNoctom) January 30, 2020<\/a><\/p><\/blockquote>\nEthereum To Break Even Higher<\/strong><\/h2>\n
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