Will Ethereum rise up to $ 550? What should investors expect?

[Switchere_official]

Since the beginning of the year, the Ethereum exchange rate has increased by 270%. Analysts expect the upward movement to continue, but there is a factor that may cancel the scenario with growth.

The number of long positions on Ethereum at BItfinex has set a new historic high at 2.093 million ETH. Since the beginning of the year, this figure has grown by more than 300%. On the one hand, this is a favorable factor for the exchange rate of the cryptocurrency, as it indicates the confidence of investors in its future. On the other hand, the cost of altcoin has increased by 270% to $490 since January. If investors start fixing profit, that may lead to lower quotations.

Ethereum maintains growth potential, NewsBTC analyst Aayush Jindal said. According to this forecast, the coin rate may rise up to $500 in the nearest future. If this level of resistance is overcome, the price is likely to continue rising up to $520.

Jindal specified that the Ethereum quotes drop is also possible. The price may go down to $465. A key support level has been formed at this level, which will protect the cryptocurrency rate from a significant decline.

Cointelegraph analyst Rakesh Upadhyay is also optimistic. In his opinion, Ethereum may rise to $520 and then to $550 soon. But to do this, the price of the coin must be fixed above the resistance level of $488, which is actively protected by sellers.

Upadhyay stressed that it is important for the altcoin holders to keep an eye on the $442 level. An important support level has been formed here. If the Ethereum price falls below it, it will cancel the upside scenario and make it possible to drop to $399.

The day before yesterday, November 18, IBC Group, an investment company based in Dubai, announced that it had invested about $10 million in Ethereum. The firm acquired 20,000 ETH and transferred them to a deposit contract for the second version of the altcoin network. When it is launched, this will allow the company to passively increase the number of coins through the stacking function.

Source: https://medium.com/switchere-news/will-ethereum-rise-up-to-550-what-should-investors-expect-d8be0156006f [nofollow]

[Carbitcoin]

I believe that it is not for nothing that large companies begin to invest in ethereum, and even more so, it is due to large investors that the deposit account will be fully replenished and we will not have to wait long for the appointed hour. Although the developers have already moved the update date to January 31, 2021.

[Malam90]

Already Ethereum reached $550+ and last 7 days ethereum pumped 20% which is the result of $80 add in the market price so far. Now investors can expect $600-$700 before Ethereum 2.0 launch if it can launch successfully. Every investor is waiting for update from Vitalik for the latest update of 2.0 launch.

[bigcash2011]

It has almost touched this price already and now we can expect a little bit of correction but i am very hopefull that bullish trend will continue and soon we are going to see a big leg up taking price directly to 700-800 levels.

[Mexite]

It has almost touched this price already and now we can expect a little bit of correction but i am very hopefull that bullish trend will continue and soon we are going to see a big leg up taking price directly to 700-800 levels.

It appears that your prediction will come true. Ethereum is really bullish and aiming for the 1k price zone. It's been a great month for ETH and other altcoins.

[dragononcrypto]

Source: https://medium.com/switchere-news/will-ethereum-rise-up-to-550-what-should-investors-expect-d8be0156006f

Please include the source next time when posting articles in order to avoid plagiarism. I have added the source for you for this article.

[edmundo]

The current question regarding the appreciable value of ETH is when will it get to 1000usd. It has been bullish these past couple of weeks and with the Ethereum version 2.0 protocol expected by early December, it is highly anticipated to get above the previous all time high price.

[saprakib]

It has almost touched this price already and now we can expect a little bit of correction but i am very hopefull that bullish trend will continue and soon we are going to see a big leg up taking price directly to 700-800 levels.

Yes it hss touch the mentioned level. Now eth is looking forward at the new level around 700$. I got bit of confusion that we have seen a negative spike today mornig has doubt to be a bearish momentu though its still on uptrend.     

[Pluto25]

Today bitcoin market already crossed all time highest (ATH) record but compared with bitcoin, ethereum market less increases. Ethereum market today more than $610. Obviously ethereum will go to the next level highest record.

[Lorix]

I think the price of Eth will reach $1k in 2021. Because there is a lot of trend in the market. Many more investors have started investing. Total market cap has been met. However, the tendency to increase this value is much higher than other currencies. So the price of this coin is increasing every moment.

[Galaxy]

The price of Ethereum is expected to increase a lot. Because after the launch of eth 2.0 will increase the price further. If there are assets in the market, they will always get more assets.

[Piku]

Ethereum price is currently facing a lot of growth. Prices are constantly rising. So I think the Ethereum currency is going to be better in the future.

[sergeybobrov]

I think the altcoin market is currently taking a breather before the big upward price movement.  Ethereum will surpass $ 650 soon and we will finally see the alseason.

[Power420]

The price of etherium is currently rising. The price of etherium has reached 59 596.  The price of etherium is going to increase day by day. The price of etherium is going up, so it can be predicted that if the price of mango continues to increase in the future, then in 2021, the price of mango will go up to 1200 to 1500 dollars.

[MRM]

There is a lot of discussion going on in the market about the launch of Ethereum 2.0. I think this discussion will never stop. However, it is expected that the price of eth will increase a lot after the launch. However, there is a lot of speculation about people prices.