Ethereum falls under US $ 100

the The Ethereum-rate has reached a new low for the year. More still: He is now fallen below the US $ 100. What can we expect from Ethereum in the future?

Dr. Philipp Giese
6. December 2018 share Facebook Twitter LinkedIn xing mail

The bear market knows no mercy: Ethereum, is the beginning of the year with nearly 1,600 U.S. dollars, has now fallen below US $ 100. Thus, the Ethereum have to lose price since the all time high of 94 per cent, a figure, against the 82 percent Rate of Bitcoin almost fade.

A glance at the weekly chart reveals that we are not only the since March channel tracked down, but currently its Support test:

All the indicators, both the MACD as well as RSI and Aroon are deep in the last area. The Support 84,05 US Dollar does not hold, should further downside movements to 44,37 US dollars are quite possible; it is to open the case of the above-mentioned 84,05 US Dollar, a Short Position with a Stop, the Target Loss in 114,22 US $ 44,37 US Dollar. It should, of which currently, unfortunately, is not likely to come to a bullish Reversal, you can choose 114,22 US $ Long Position. The two specified Resistances 168,54 the US Dollar and the 237,91 US to offer the Dollar as a Target. This should be done but with a short fixed Stop Loss at 84,05 US Dollar.

How could it come to this?

in Principle, Ethereum follows, as you can see on the Chart, the months of the current downward channel. Today, however, is done on GDAX in addition, a Flash Crash, which reaches the Ethereum course squeezed in the short term, to 13 US dollars:

soil formation for Ethereum soon?

the big question is: Is this the bottom? Unlike Bitcoin, the history, meaningful moving averages, such as the MA200 in the weekly, we lack to name the chart. The ICO Mania of 2017 is over. To your point, no Narrative is entered, which is a similar enthusiasm. As long as this is not the case, it is difficult to make new Investments in Ethereum.

What to do? At various Points I've written about the bear market and the attitude of mind in such. Thoughts on Ethereum transfer. I can anyone who wants to breathe in Ethereum beyond a disappointing performance in the course, laying a article on the different visions for Ethereum to the heart. Ethereum as a platform is very exciting. Not only what the Dev-Team behind the crypto-currency with respect to Sharding or Plasma! What are the different interesting Token models and dApps or what is going on fronts, such as the radical markets, is terrific. The Token Economy is significantly larger than the sale of and speculation with ERC20-Token! Similar to Bitcoin in this bear market, this crypto Winter is the best time to follow the Credo of "I'm in it for the technology" really!