{"id":382585,"date":"2019-05-16T15:00:50","date_gmt":"2019-05-16T15:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=382585"},"modified":"2024-06-11T13:39:57","modified_gmt":"2024-06-11T13:39:57","slug":"ethereum-could-almost-double-its-price-this-year-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-could-almost-double-its-price-this-year-analyst\/","title":{"rendered":"Ethereum Could Almost Double its Price This Year: Analyst"},"content":{"rendered":"
A notable cryptocurrency analyst has projected double-growth for Ethereum in the second half of 2019.<\/p>\n
Jacob Canfield, the co-founder of SignalProfits.com, predicted Ether at circa $546 based on the asset’s historical price moves dating back to 2017. The analyst noted that the Ether price is trending inside a Rising Channel<\/a> that looked strikingly similar to a channel that formed between June 2017 and early December 2017. The ETH\/USD rate in 2017 posted 186.58 percent gains inside the Rising Channel. The pair later broke out and settled its all-time high of $1,419.48 on US-based exchange Coinbase, as shown in the chart below.<\/p>\n