2018 Ethereum Price Prediction & Analysis With index upwards! ETH /USD
After reaching a record of $ 881.90 on December 19 Ethereum (ETH) experienced a fall reaching the lowest price of the last 7 days reaching $ 547.39 on December 22. However, since then it has reported a growth in value and with strong indications to surpass $ 900 in the next week.
The current price is $ 769.14 USD with an increase in the last 24 hours of (16.89%) at the time of writing this analysis.
From a technical point of view the Ethereum is an attractive cryptocurrency because its transactions are fast and the commissions are low compared to the BTC commissions.
This undoubtedly offers an advantage when investing, in fact many users prefer to invest in Ethereum that in BTC when using an Exhange such as Bitfinex since the commission is smaller and the transaction speed for deposits is much faster.
Many rumors suggest that lately after the latest Bitcoin Ups and Downs a lot of people turned to ETH considering it a safer investment.
2018 Predictions and Forecast of long-term investments in Ethereum
The possibility that it is worth a long-term investment in Ethereum is high. As soon as ETH reaches the $ 1000 landmark, there can be an exponential growth of this cryptocurrency.
Many of the investors who buy at the moment will probably sell when ETH price will reach $ 1,000 to make quick money. The temptation will be very high and many will fall for it. The most optimistic predictions suggest that ETH will reach the $1.000 landmark in June 2018 and shortly after ETH price will drop by 20% for a short period.
The future is to be seen, but the forecasts are quite optimistic and it seems that if there is a cryptocurrency destined to reign after Bitcoin that is Ethereum.
ETH - Key points to keep in mind
- The ETH price is going up again and is currently trading above $ 700
- There was a short break with a resistance at $ 670 landmark on the ETH / USD time chart
- Ethereum price went through a correction against Bitcoin and US Dollar but ETH / USD could recover above $ 800 in the short term.
Ethereum price resistance
Recently, after a lot of Ups/Downs in the ETH price above $ 550 against the US dollar. The price was corrected to the $ 740 level where he pitted the sellers and started a downward movement again but that was mainly a correction wave, as it remained constant above the $ 570 level.
Overall it was a positive signal and after testing the support area of $ 605, the price started a new positive wave. It has moved above the $ 680 landmark and is slowly gaining momentum.