The Ethereum breakout has made the crypto community extremely excited about the near future of ETH. With Ethereum jumping to $180, many traders think $200 is around the corner.
Although ETH has seen a slight pullback to just above $176 since reaching the top, the party doesn't seem te be over yet for the second largest cryptocurrency. @CryptoDonAlt, a respected trader in the crypto community, says that 'people will regret not buying ETH under $200'.
I honestly almost lost faith.
— DonAlt (@CryptoDonAlt) May 6, 2019
I've been concentrating on the BTC pair but this has played out nicely too.
Target has and always will be $200 for ETH. pic.twitter.com/6CpYMXa8sV
3 weeks from now, you will regret not buying eth under $200. Just saying.
— DonAlt (@CryptoDonAlt) May 7, 2019
Many traders seem to agree that $200 is a target for ETH that can be easily reached, and that we will see even higher numbers soon, all the way up to $244.
$ETH taking it's time but finally scratching the $190 and setting the path to $200. pic.twitter.com/Q9YMnNfwrn
— Crypto Rand (@crypto_rand) May 6, 2019
$ETH looking good!
— Mayne (@Tradermayne) May 6, 2019
I was able to fill some really low bids on this one, hope you caught some as well. If $ETHBTC follows $BTC like I think it will, we are in for some serious upside.
The USD pair also showing signs of life back above $172. We hold that level we'll see $200. pic.twitter.com/M3xR5xC5CH
#ETH setup for a continued run as it holds above the 50 EMA at $177. Next resistance levels are $190 and $200. pic.twitter.com/ApkOAuUijK
— Formerly ScienceGuy9489 (@Etherdamus) May 7, 2019
Look closely at $244, once $180 is cleared.$ETH is gonna snipe through $200 like nothing and coming weeks are going to squeeze bears like lemons. pic.twitter.com/oMe5jDCbAu
— The Crypto Monk ⛩ (@thecryptomonk) May 7, 2019
Meanwhile Bitcoin is on its way to $6000, with mixed reports from traders. Some believe the top is not in yet for BTC, others see it drop first before contuining its run towards $7000.
#Bitcoin above $6,150 and $ETH above $200 is where the real fun begins, remember that these will be hard resistances, but would then act as hard supports if price holds.
— Formerly ScienceGuy9489 (@Etherdamus) May 7, 2019
Admittedly, I'm in the 'Yes' camp. I do think we'll see sub-$4k BTC before we see $7k+
— Nik Patel (@cointradernik) May 7, 2019
While most time frames are reporting bullish conditions, the 3-day chart is flashing bearish divergence of volume and Chaikin money flow index, as discussed in the article.
— CoinDesk Markets (@CoinDeskMarkets) May 7, 2019
Spike above $6K could be short-lived
ETH/USD Chart provided by Tradingview