{"id":372157,"date":"2019-02-21T00:00:04","date_gmt":"2019-02-21T00:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=372157"},"modified":"2019-02-20T22:43:17","modified_gmt":"2019-02-20T22:43:17","slug":"analysts-expect-ethereum-eth-to-see-increased-bullish-momentum-as-crypto-markets-trade-mixed","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/analysts-expect-ethereum-eth-to-see-increased-bullish-momentum-as-crypto-markets-trade-mixed\/","title":{"rendered":"Analysts Expect Ethereum (ETH) to See Increased Bullish Momentum as Crypto Markets Trade Mixed"},"content":{"rendered":"<p>The crypto markets have experienced decent levels of bullish momentum over the past couple of weeks that has allowed virtually all major cryptocurrencies to recover some of their recent losses. Ethereum (ETH) is one notable gainer that has jumped nearly 45% from its monthly lows and has firmly <a href=\"https:\/\/wncen.com\/2019\/02\/11\/ethereum-continues-to-climb-flips-xrp-for-second-place\/\">reclaimed<\/a> the number two spot by market capitalization from XRP.<\/p>\n<p>Analysts now concur that Ethereum will likely see increased bullish <a href=\"https:\/\/wncen.com\/2019\/02\/18\/crypto-markets-hit-monthly-high-with-5-billion-pump\/\">momentum<\/a> in the near future, which may allow it to climb towards the upper-$150 region.<\/p>\n<h2><strong>Ethereum Climbs Slightly as Crypto Markets Experience Mixed Trading Session<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>Most cryptocurrencies have traded mixed today, with Litecoin and EOS both climbing over 5%, while other cryptos have dropped marginally.<\/p>\n<p>At the time of writing, Ethereum (ETH) is trading up slightly at its current price of $147.3. Over the past seven days ETH has climbed significantly from lows of roughly $120. Prior to its upwards move this past weekend, Ethereum had experienced another upwards leg that sent it to $120 from lows of $103.<\/p>\n<p>Although this upwards ascent has slowed slightly over the past couple of days, analysts are now anticipating that Ethereum will see increased bullish momentum in the near future.<\/p>\n<p>Galaxy, a popular cryptocurrency trader on Twitter, recently noted that ETH will be \u201chighly bullish\u201d if it is able to break above $160, which would likely lead to further gains.<\/p>\n<blockquote><p>\u201cHighly bullish on $ETH if we manage to break 160$ and produce the first higher high on a 1D or bigger timeframe, since June 2018,\u201d he bullishly noted.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Highly bullish on <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> if we manage to break 160$ and produce the first higher high on a 1D or bigger timeframe, since June 2018. <a href=\"https:\/\/t.co\/yUHGShkfns\" rel=\"nofollow\">pic.twitter.com\/yUHGShkfns<\/a><\/p>\n<p>&mdash; Galaxy (@galaxyBTC) <a href=\"https:\/\/twitter.com\/galaxyBTC\/status\/89326336?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 20, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Gat, another popular analyst on Twitter, shared a similar sentiment to Galaxy, noting in a string of tweets that <a href=\"https:\/\/wncen.com\/2019\/01\/15\/ethereum-eth-price-plunges-as-constantinople-fork-is-delayed-due-to-security-flaw\/\">ETH<\/a> is currently seeing a strong hidden bull diversion on a four hour time frame, which could lead it into the upper $150 region.<\/p>\n<blockquote><p>\u201c$ETH looking strong IMO\u2026 looking for a breakout and move to high 150&#8217;s\u2026 Strong hidden bull div on 4hr.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Strong hidden bull div on 4hr <a href=\"https:\/\/t.co\/P6wtL2qBVQ\" rel=\"nofollow\">pic.twitter.com\/P6wtL2qBVQ<\/a><\/p>\n<p>&mdash; Gat\ud83d\udd3a\ud83e\udd5b\ud83c\udf7c (@TheGemClub) <a href=\"https:\/\/twitter.com\/TheGemClub\/status\/89588481?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 20, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Gat further noted that an upwards move of any significance will require a greater amount of volume than ETH currently has.<\/p>\n<p>\u201cAll of these charts I posted require some volume, which if you notice is coming in at resistance\u2026 bull vs bear fight, price action will show which side wins, volume shows the fight,\u201d he explained.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">all of these charts I posted require some volume, which if you notice is coming in at resistance<\/p>\n<p>bull vs bear fight, price action will show which side wins, volume shows the fight<\/p>\n<p>&mdash; Gat\ud83d\udd3a\ud83e\udd5b\ud83c\udf7c (@TheGemClub) <a href=\"https:\/\/twitter.com\/TheGemClub\/status\/54015234?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 20, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Despite Widespread Bullish Sentiment, ETH May Drop Lower Before Surging<\/strong><\/h2>\n<p>Although most analysts agree that there is a strong case to be made for continued bullishness, another analyst points out that ETH may drop towards the upper-$130 region before finding enough buying pressure to propel it towards $160.<\/p>\n<blockquote><p>\u201c$ETH Update: Pull back now in play as anticipated from previous tweet\u2026 Scalp short triggered at $144.8, will consider longing again at support,\u201d Altcoin Psycho told his nearly 30k followers in a recent tweet.<\/p><\/blockquote>\n<p>https:\/\/twitter.com\/AltcoinPsycho\/status\/99145216<\/p>\n<p>As Ethereum begins picking up momentum in one direction or another, traders will likely gain greater insight into whether or not ETH will be able to hold steady at its current prices, or if further losses are necessary in order for it to climb higher.<\/p>\n<pre>Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The crypto markets have experienced decent levels of bullish momentum over the past couple of weeks that has allowed virtually all major cryptocurrencies to recover some of their recent losses. Ethereum (ETH) is one notable gainer that has jumped nearly 45% from its monthly lows and has firmly reclaimed the number two spot by market capitalization from XRP. Analysts now concur that Ethereum will likely see increased bullish momentum in the near future, which may allow it to climb towards the upper-$150 region. Ethereum Climbs Slightly as Crypto Markets Experience Mixed Trading Session\u00a0 Most cryptocurrencies have traded mixed today, with Litecoin and EOS both climbing over 5%, while other cryptos have dropped marginally. At the time of writing, Ethereum (ETH) is trading up slightly at its current price of $147.3. Over the past seven days ETH has climbed significantly from lows of roughly $120. Prior to its upwards move this past weekend, Ethereum had experienced another upwards leg that sent it to $120 from lows of $103. Although this upwards ascent has slowed slightly over the past couple of days, analysts are now anticipating that Ethereum will see increased bullish momentum in the near future. Galaxy, a popular cryptocurrency trader on Twitter, recently noted that ETH will be \u201chighly bullish\u201d if it is able to break above $160, which would likely lead to further gains. \u201cHighly bullish on $ETH if we manage to break 160$ and produce the first higher high on a 1D or bigger timeframe, since June 2018,\u201d he bullishly noted. Highly bullish on $ETH if we manage to break 160$ and produce the first higher high on a 1D or bigger timeframe, since June 2018. pic.twitter.com\/yUHGShkfns &mdash; Galaxy (@galaxyBTC) February 20, 2019 Gat, another popular analyst on Twitter, shared a similar sentiment to Galaxy, noting in a string of tweets that ETH is currently seeing a strong hidden bull diversion on a four hour time frame, which could lead it into the upper $150 region. \u201c$ETH looking strong IMO\u2026 looking for a breakout and move to high 150&#8217;s\u2026 Strong hidden bull div on 4hr.\u201d Strong hidden bull div on 4hr pic.twitter.com\/P6wtL2qBVQ &mdash; Gat\ud83d\udd3a\ud83e\udd5b\ud83c\udf7c (@TheGemClub) February 20, 2019 Gat further noted that an upwards move of any significance will require a greater amount of volume than ETH currently has. \u201cAll of these charts I posted require some volume, which if you notice is coming in at resistance\u2026 bull vs bear fight, price action will show which side wins, volume shows the fight,\u201d he explained. all of these charts I posted require some volume, which if you notice is coming in at resistance bull vs bear fight, price action will show which side wins, volume shows the fight &mdash; Gat\ud83d\udd3a\ud83e\udd5b\ud83c\udf7c (@TheGemClub) February 20, 2019 Despite Widespread Bullish Sentiment, ETH May Drop Lower Before Surging Although most analysts agree that there is a strong case to be made for continued bullishness, another analyst points out that ETH may drop towards the upper-$130 region before finding enough buying pressure to propel it towards $160. \u201c$ETH Update: Pull back now in play as anticipated from previous tweet\u2026 Scalp short triggered at $144.8, will consider longing again at support,\u201d Altcoin Psycho told his nearly 30k followers in a recent tweet. https:\/\/twitter.com\/AltcoinPsycho\/status\/99145216 As Ethereum begins picking up momentum in one direction or another, traders will likely gain greater insight into whether or not ETH will be able to hold steady at its current prices, or if further losses are necessary in order for it to climb higher. Featured image from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":370777,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625],"tags":[6664,8323,1946],"class_list":["post-372157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Analysts Expect Ethereum (ETH) to See Increased Bullish Momentum as Crypto Markets Trade Mixed<\/title>\n<meta name=\"description\" content=\"Analysts now concur that Ethereum (ETH) will likely see increased bullish momentum in the near future, which may allow it to climb towards $160.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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