Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: JasonW on May 19, 2020, 05:03:30 AM
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Ethereum has outperformed almost all other crypto assets worth billions of dollars in the past few weeks. Since the March low of $ 88, Ethereum has risen to a maximum of $ 226, an increase of more than 150%.
Data shows that Ethereum has more than 16,19876 long contracts. which more than three times the number of long positions in early 2020 and more than nine times the peak of the bull market in 2018. Although many investors are optimistic, top analysts expect Ethereum to show a bearish price trend shortly.
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(https://cdn.pixabay.com/photo/2018/05/17/20/56/cryptocurrency-3409658_1280.jpg)
According to a well-known cryptocurrency analyst, the amount of ETH held by the exchange is "basically at the highest level in history", which reaching about 18 million.
Analyst Paribus speculates that under other conditions unchanged, this trend may damage the value of Ethereum, which may indicate that investors are increasingly inclined to sell cryptocurrency.
Analysts observed that Ethereum's chart provided a basis for the downward trend, which further exacerbated the bearish chain trend.
Others are more sceptical about ETH, arguing that its price may fall below $88 hit in March. According to a report earlier today, traders who expect XRP to fall to $0.13 a month.
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By outlining these two failed Bitcoin predictions, Buterin highlighted the question of responsibility among those who have a high degree of influence. The Ethereum co-founder urged people not to forget that everyone makes mistakes and called for social incentives for saying “sane”
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Anything could happen, the point is how you prevent and make the profit of it.
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Yap, you make the point.
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Predicting the price of any cryptocurrency makes me smile. Ethereum looks like a promising asset, but what its price will be will be decided by the entire crypto community.
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Positive! I have the faith.
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Interesting post, keep it up bro. To the moon.