Ethereum Price (ETH) Correcting Gains: Dips Favored Near $224

Red-Apple

hero member

Activity: 1470

Merit: 655

this is the entire ethereum price history on the charts. charts never lie. this looks exactly like any other pump and dump altcoin out there!
ever since it got the main pump in 2017, ethereum has been getting dumped hard. that date is June 2017 which makes it a 2 year long downtrend where it constantly keeps losing value.
the only reason you see some green from time to time is because of dead cat bounce and also the fact that bitcoin price constantly goes up and it shows some green in USD value of ETH from time to time.

hiburak

hero member

Activity: 1655

Merit: 600

Although I'm bullish about Ethereum long term, I wouldn't be surprised if the prices continue to go down. It is still very early to say that the downtrend has ended.

dungp3132

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Activity: 274

Merit: 26

Quote from: X-ray on August 09, 2019, 06:43:18 PM

It's not depends on bitcoin and it's never increasing in term of the bitcoin value. it's really sad to see that ohw ethereum was doing something doesn't seem good for every holders. it keeps loose its value in bitcoin terms but ethereum is only pegged to the dollar value of bitcoin. This situation is worst compared with the price of ethereum before IEO booming.

Never increasing again in Bitcoin value, in ETH/BTC pair. Are you so serious about that, my friend? I believe Ethereum (not only this coin, but other good altcoins too) will rally considerably in Bitcoin values in just a next few weeks, at least they will start rallying till the end of this year. Price drops simply to play as preparational, reconsolidational prerequisites for future rises.

X-ray

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Leading Crypto Sports Betting & Casino Platform

It's not depends on bitcoin and it's never increasing in term of the bitcoin value. it's really sad to see that ohw ethereum was doing something doesn't seem good for every holders. it keeps loose its value in bitcoin terms but ethereum is only pegged to the dollar value of bitcoin. This situation is worst compared with the price of ethereum before IEO booming.

dark08

full member

Activity: 798

Merit: 104

I'm really disappointed to ethereum right now because its depend on Bitcoin value but still I continue to hold my ethereum and waiting to go back to $400 but right now its far far away from this level but if bitcoin back to its all time high this target is easy to reach.

nemey

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Activity: 658

Merit: 10

Catena X

Ethereum price so far is still changeable, very fluctuating likely the other altcoins. But at least, this coin has increased better than what happened in 2018.
Actually, it is so sad again that in a few weeks, the Ethereum price has dropped significantly and dramatically, now the price is only $209.62, after reaching its price at around $300.
Well, hopefully, this altcoin will have its greater value and price again, at least, reaching more than $250.

bigcash2011

sr. member

Activity: 1442

Merit: 265

Looks like you have probably posted a relatively older analysis as eth has already broken below 210 and currently at around 208, for me too it is a much deep correction than i expected because eth had reached 360 not a long ago anf then it corrected almost 50 percent to 180 which was not expected, personally i was expecting a small correction amd continuation of bull trend which was not the case in the end but nothing to worry about i will still hold my eth and keep supporting it patiently as i know its true worth is much more and easily 10x from here on is possible within 1 to 2 years for eth.

usekevin

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Bitcoin and Ethereum are the best cryptocurrency with huge supporters and investors. Don't analysis the same rise and fall in the price of Ethereum. Ethereum is the best for the long term holding traders. When their is a dip, use and buy the huge amount for your future. We can't predict the future, it may enter the new rise of 500$ or 1000$.

flemmings02

jr. member

Activity: 182

Merit: 2

Quote from: kolbalish on August 09, 2019, 10:52:29 AM

ETH price extended gains above the $230 resistance and climbed above $235 against the US Dollar.
The price tested the $237 level and it is currently correcting gains.
There are two bullish trend lines forming with support near $226 and $222 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could find a strong buying interest near the $224 and $225 support levels in the near term.
Ethereum price is correcting gains from $237 versus the US Dollar, and bitcoin is holding $11,500. ETH price could test the main $224 support in the near term, where the bulls might take a stand

The rest analysis are here, https://www.newsbtc.com/2019/08/06/ethereum-price-eth-correcting-gains-dips-favored-near-224/amp/

The deep has continued and we are at $210 per ETH now we could well be below $200 before the week runs out, I'll say it's right about time to get some ETH again.

ganeshramk

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Activity: 868

Merit: 104

Quote from: kolbalish on August 09, 2019, 10:52:29 AM

ETH price extended gains above the $230 resistance and climbed above $235 against the US Dollar.
The price tested the $237 level and it is currently correcting gains.
There are two bullish trend lines forming with support near $226 and $222 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could find a strong buying interest near the $224 and $225 support levels in the near term.
Ethereum price is correcting gains from $237 versus the US Dollar, and bitcoin is holding $11,500. ETH price could test the main $224 support in the near term, where the bulls might take a stand

The rest analysis are here, https://www.newsbtc.com/2019/08/06/ethereum-price-eth-correcting-gains-dips-favored-near-224/amp/

ETH price will boom for sure. For some reasons, big whales are keeping it at low. We will see pumping very soon. Together with bitcoin, it will rock.

kolbalish

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Activity: 627

Merit: 14

Crypto Article Sharer!!!

Quote from: poornamelessme on August 09, 2019, 12:38:39 PM

Not sure when that article the OP quoted was written, but it's obviously out of date. It wasn't even correct yesterday.

A little weird to state buying interest is near $225 when the coin is below $210.

Yes this isn't the updated one. But recently it was done. I got it yesterday and I shared it. I think it will be helpful for both who want to learn and those who want to trade with ETH

poornamelessme

hero member

Activity: 1204

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Not sure when that article the OP quoted was written, but it's obviously out of date. It wasn't even correct yesterday.

A little weird to state buying interest is near $225 when the coin is below $210.

laskybok

jr. member

Activity: 315

Merit: 2

If the satoshi value of ETH does not increase, then we should not expect ethereum to be able to reach it's threshold on time, even with its stable coin pair. The concern of most crypto enthusiast now is what the ETH/BTC pair will result in. Right now, BTC seems to be gaining much over ETH, which I think is an opportunity for whoever want to pick it up from this lowest point again.

dungp3132

member

Activity: 274

Merit: 26

The period to trade Ethereum in fiat pairs has nearly finished. It indirectly means that Ethereum (and other altcoins) will jump in period in which they will rise considerably in Altcoin/ BTC pairs. Overworry and abuse price models/predictions are very bad strategy.

betty11

copper member

Activity: 448

Merit: 3

ETH has been $211 here, just sold off my holding to fiat. Need to pay my wife the fund I borrowed from here. ETH has been performing below expectation despite all the support from different projects built on the platform.

kolbalish

member

Activity: 627

Merit: 14

Crypto Article Sharer!!!

ETH price extended gains above the $230 resistance and climbed above $235 against the US Dollar.
The price tested the $237 level and it is currently correcting gains.
There are two bullish trend lines forming with support near $226 and $222 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could find a strong buying interest near the $224 and $225 support levels in the near term.
Ethereum price is correcting gains from $237 versus the US Dollar, and bitcoin is holding $11,500. ETH price could test the main $224 support in the near term, where the bulls might take a stand

The rest analysis are here, https://www.newsbtc.com/2019/08/06/ethereum-price-eth-correcting-gains-dips-favored-near-224/amp/

Topic: Ethereum Price (ETH) Correcting Gains: Dips Favored Near $224 (Read 201 times)