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Ethereum Price to Surge to $202, If ETH Breaks above Psychological Level at $185, Crypto Trader Believes

Ethereum

news.u.today 14 October 2019 08:46, UTC
  
Reading time: ~2 m

Original article based on tweet
  • Yuri Molchan
    Yuri Molchan
    đź“° News

    Ethereum now has a chance either to rise to $202 or to decline, depends whether it will take a psychologically important level on the chart

This morning, the crypto market was bathing in the green. Even though, some assets, including Bitcoin, are now demonstrating a slight downward movement, the majority of the top-ten coins remain on the rise.

Ripple’s XRP so far has been the best performing asset on the top-ten list. However, the attention of some are pointed at other coins too.

A crypto trader @TheCryptomist has taken to their Twitter page to comment on a chart with ETH, saying that the second best cryptocurrency has returned into the ascending triangle that it had previously left for a short time.

Now, the trader says, if ETH manages to take the psychological support level at $185, the coin’s price is likely to spike to $202.

$Eth

Back within the ascending triangle that we temporarily broke out of

If this support fails we will see $174 as previous mentioned
Breakout would see $202 here on @PrimeXbt pic.twitter.com/twotwIw2F7

— The Cryptomist (@TheCryptomist) October 14, 2019

If ETH fails to break through the support, it may drop to $174.

At press-time, Ethereum is trading at $183.73.

What is your take on this short-term prediction of the ETH price? Feel free to share it in the comments section below!

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