{"id":412244,"date":"2020-01-25T02:30:26","date_gmt":"2020-01-25T02:30:26","guid":{"rendered":"https:\/\/wncen.com\/?p=412244"},"modified":"2024-06-11T13:41:00","modified_gmt":"2024-06-11T13:41:00","slug":"heres-why-analysts-expect-ethereum-surge-200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/heres-why-analysts-expect-ethereum-surge-200\/","title":{"rendered":"Here’s Why Analysts Expect Ethereum To Surge Towards $200"},"content":{"rendered":"

Over the past week, Bitcoin<\/a>, Ethereum (ETH), and other leading digital assets have finally begun to stall. The price of these assets have tanked across the board, losing over 10% since the highs put in last week.<\/p>\n

Despite this, analysts are certain that the outlook for some cryptocurrencies remains bullish. Specifically, one trader recently noted that ETH is poised to burst higher, at least from a medium-term perspective.<\/p>\n

Ethereum’s Medium-Term Trend Bullish, Analysts Assert<\/strong><\/h2>\n

Satoshi Flipper, a prominent cryptocurrency trader, recently noted that Ethereum’s weekly chart is showing relatively bullish signs after bottoming around $120.<\/p>\n

He specifically noted that the Heiken Ashi candles, which are a special charting technique used to more easily determine trends, have turned green on the weekly chart, suggesting a medium-term bull trend is forming.<\/p>\n

Flipper added that Ethereum has broken out of a falling wedge structure that constrained price action for six months, boding well for bulls.<\/p>\n

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$ETH<\/a> Weekly Heikin Ashi = Bullish pic.twitter.com\/OBq5TqGXVt<\/a><\/p>\n

— Satoshi Flipper (@SatoshiFlipper) January 23, 2020<\/a><\/p><\/blockquote>\n