$ 1,030.05 9.29%
$ 31.50 11.33%
$ 0.063200 4.58%
$ 4.26 12.05%
$ 19,082.84 5.22%
$ 207.14 6.27%

Ethereum price analytical prediction 26 May 2019; can hit $300

Ethereum eth price analysis 2019

Ethereum is following the footsteps of Bitcoin in dealing with price against U.S. dollars. The current trading price of Etherum is two hundred and forty-eight dollars ($248) in comparison to US dollars.

The price has been fairly recovered recently from the support area of around two hundred and thirty dollars ($230).

Ethereum price analytical prediction 26 May 2019; can hit $300 1Ethereum ETH price chart by Trading View

The past week analysis has revealed the higher range of price trading to be above two hundred and fifty – eight dollars ($258.63) and right now it is correcting lower.

On the lower side, the support is said to be around two hundred and forty-five dollars ($245) and the fifty percent (50%) Fib retracement also pointed to this level. Further lower level support is speculated to be around two hundred and thirty-eight dollars ($238).

On the four hour charts of ETH/USD, there was seen a pattern of the triangle with resistance at the point of two hundred and sixty dollars ($260). Below the $238 the next lower level is expected to be two hundred and thirty-two dollars ($232).

For an abrupt surge in the price, the high resistance level should be crossed and the next expected resistance can go up to two hundred and eight dollars ($280). The level of three hundred dollars ($300) can also be achieved if the bullish trend prevails for some time.

The technical indicators like MCAD show slow surging trends for ETH/USD. RSI indicates depreciation of price below 50 level. The major support is pointed at two hundred and thirty dollars ($230) and major resistance to be two hundred and sixty-five dollars ($265).

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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