{"id":394628,"date":"2019-08-29T23:00:00","date_gmt":"2019-08-29T23:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=394628"},"modified":"2019-08-29T16:48:52","modified_gmt":"2019-08-29T16:48:52","slug":"analyst-sets-90-ethereum-target-as-altcoins-falter","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/analyst-sets-90-ethereum-target-as-altcoins-falter\/","title":{"rendered":"Analyst Sets $90 Ethereum Target as Altcoins Falter"},"content":{"rendered":"<p>Bitcoin\u2019s recent downtrend has led many altcoins to plummet lower, with Ethereum (ETH) crashing a whopping 10% over the past 24-hours, a movement that has led it to break below a key support level.<\/p>\n<p>Because of ETH\u2019s bearish price action as of late, some analysts are expecting it to drop significantly lower in the coming days and weeks, with one investor explaining that he believes the embattled crypto will drop as low as $90.<\/p>\n<h2><strong>Ethereum Plummets 10% Amidst Widespread Market Sell-Off<\/strong><\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/2019\/08\/24\/ethereum-may-face-20-pullback-as-key-support-level-grows-weak\/\">Ethereum<\/a> is trading down just over 10% at its <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" rel=\"nofollow\">current price<\/a> of $168.75, which marks a significant drop from its daily highs of over $187.<\/p>\n<p>Ethereum\u2019s recent drop closely coincided with the sell-off that sent Bitcoin from highs of nearly $10,300 to lows of $9,300, and it is highly probable that all major altcoins&#8217; near-term price action will closely track that that of Bitcoin.<\/p>\n<p>While looking towards Ethereum\u2019s BTC trading pair, it is currently trading down just over 3% at its current price of 0.0177 BTC, but one prominent analyst believes it could soon drop as low as roughly 0.012 BTC.<\/p>\n<blockquote><p>\u201c$ETH: Just doesn&#8217;t look like it&#8217;s time just yet. I&#8217;d suspect a broken 270-day range to lead to a bigger move than the current one. The moment ETH\/BTC moves back above my box \/back in the trading range I&#8217;ll be more inclined to believe the bottom is in. Until then expecting lower,\u201d DonAlt, a popular crypto analyst on Twitter, explained in a recent tweet.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a><\/p>\n<p>Just doesn&#39;t look like it&#39;s time just yet.<br \/>I&#39;d suspect a broken 270-day range to lead to a bigger move than the current one.<\/p>\n<p>The moment ETH\/BTC moves back above my box \/back in the trading range I&#39;ll be more inclined to believe the bottom is in.<br \/>Until then expecting lower. <a href=\"https:\/\/t.co\/Ype5DDFdcz\" rel=\"nofollow\">pic.twitter.com\/Ype5DDFdcz<\/a><\/p>\n<p>&mdash; DonAlt (@CryptoDonAlt) <a href=\"https:\/\/twitter.com\/CryptoDonAlt\/status\/20406528?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 26, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Could ETH Soon Plummet to $90? One Bitcoin Bull Thinks So\u2026<\/strong><\/h2>\n<p>Ethereum\u2019s current weakness against <a href=\"https:\/\/wncen.com\/2019\/05\/19\/bitcoin-price-retests-8000-following-21-37-drop-is-11000-next\/\">Bitcoin<\/a> may spell trouble for its near-term price action, and one prominent Bitcoin bull believes that the crypto will soon plummet as low as $90.<\/p>\n<p>Max Keiser concisely stated his next ETH target in a recent tweet, saying:<\/p>\n<blockquote><p>\u201cNext target for ETH, $90.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Next target for ETH, $90.<\/p>\n<p>&mdash; Max Keiser (@maxkeiser) <a href=\"https:\/\/twitter.com\/maxkeiser\/status\/79672832?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 29, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>Although some investors may believe that this is an unrealistic near-term target, it is important to remember that Ethereum\u2019s 2019 lows are currently set around $100, which is a mere stone\u2019s throw away from Keiser\u2019s target.<\/p>\n<p>Additionally, if <a href=\"https:\/\/wncen.com\/2019\/08\/29\/bitcoin-plunges-1000-in-a-few-hours-as-crypto-markets-quake\/\">Bitcoin<\/a> continues to incur greater dominance over the aggregated crypto market, it is highly possible that many major altcoins will revisit, or break below, their 2019 lows.<\/p>\n<pre>Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s recent downtrend has led many altcoins to plummet lower, with Ethereum (ETH) crashing a whopping 10% over the past 24-hours, a movement that has led it to break below a key support level. Because of ETH\u2019s bearish price action as of late, some analysts are expecting it to drop significantly lower in the coming days and weeks, with one investor explaining that he believes the embattled crypto will drop as low as $90. Ethereum Plummets 10% Amidst Widespread Market Sell-Off At the time of writing, Ethereum is trading down just over 10% at its current price of $168.75, which marks a significant drop from its daily highs of over $187. Ethereum\u2019s recent drop closely coincided with the sell-off that sent Bitcoin from highs of nearly $10,300 to lows of $9,300, and it is highly probable that all major altcoins&#8217; near-term price action will closely track that that of Bitcoin. While looking towards Ethereum\u2019s BTC trading pair, it is currently trading down just over 3% at its current price of 0.0177 BTC, but one prominent analyst believes it could soon drop as low as roughly 0.012 BTC. \u201c$ETH: Just doesn&#8217;t look like it&#8217;s time just yet. I&#8217;d suspect a broken 270-day range to lead to a bigger move than the current one. The moment ETH\/BTC moves back above my box \/back in the trading range I&#8217;ll be more inclined to believe the bottom is in. Until then expecting lower,\u201d DonAlt, a popular crypto analyst on Twitter, explained in a recent tweet. $ETH Just doesn&#39;t look like it&#39;s time just yet.I&#39;d suspect a broken 270-day range to lead to a bigger move than the current one. The moment ETH\/BTC moves back above my box \/back in the trading range I&#39;ll be more inclined to believe the bottom is in.Until then expecting lower. pic.twitter.com\/Ype5DDFdcz &mdash; DonAlt (@CryptoDonAlt) August 26, 2019 Could ETH Soon Plummet to $90? One Bitcoin Bull Thinks So\u2026 Ethereum\u2019s current weakness against Bitcoin may spell trouble for its near-term price action, and one prominent Bitcoin bull believes that the crypto will soon plummet as low as $90. Max Keiser concisely stated his next ETH target in a recent tweet, saying: \u201cNext target for ETH, $90.\u201d Next target for ETH, $90. &mdash; Max Keiser (@maxkeiser) August 29, 2019 &nbsp; Although some investors may believe that this is an unrealistic near-term target, it is important to remember that Ethereum\u2019s 2019 lows are currently set around $100, which is a mere stone\u2019s throw away from Keiser\u2019s target. Additionally, if Bitcoin continues to incur greater dominance over the aggregated crypto market, it is highly possible that many major altcoins will revisit, or break below, their 2019 lows. Featured image from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":394631,"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-394628","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>Analyst Sets $90 Ethereum Target as Altcoins Falter<\/title>\n<meta name=\"description\" content=\"One investor is now explaining that he believes that Ethereum (ETH) will soon drop as low as $90, which comes as most altcoins are beginning to falter.\" \/>\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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