Will Ethereum Overcome the Recession in 2019?

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One of the very difficult thing is to predict where the price of cryptocurrency will go in 2019. This is not a matter of expertise, or how “knowledgeable” you are — I mean, shit! you may have invested and possibly made a good deal of money in any cryptocurrency, for example- Ethereum. But now you got additional money to invest and you don’t know what to do in this crypto crisis, you are in confusion whether its the best time to buy or not. Luckily there are Prediction sites which will help you to understand where Ethereum prices are going to go.

Fundamental Analysis

Analyzing a few aspects Ethereum (ETH) saw a relative weakness in 2019. As there was a delay in it’s Constantinople hard fork in January which saw a postponement in October 2018. But it is now successfully forked on Feb 28.

Despite all this, the Ethereum platform still hosts high gas fees for transactions, while TRON has no gas fees. Having such scalability issues and other problems left Ethereum with many dApps and few users. EOS, TRON, and Steem have a greater number of active dApps than Ethereum. These are the four contenders of the dApp race where Ethereum appears to be lacking.

Ethereum Price Today

As of today, Ethereum price is resistance levels with a marketcap value of . The coin is consistently in the second position from quite a long time. It has good potential to surpass Bitcoin as well.

Recent Ethereum News

we bring you all the latest Ethereum News and updates, Recent news was Samsung Galaxy S10 has a built-in cryptocurrency wallet, wherein the users can store Bitcoin, Ethereum and Cosmo Coin. Along with these coins, it also supports the Enjin which is the Ethereum-based cryptocurrency for gamers.  On Monday, February 25 2019, NASDAQ announced its move to launch the Bitcoin and Ethereum indices on its platform.

Ethereum Upgrades

The Hardforks, St.Petersburg and Constantinople were updated in February last week. After the Ethereum upgrades, the new transaction blocks are added to the Ethereum blockchain. Etherscan, the blockchain analytics site, reported that the daily block count increased exponentially.

After the release of these Hardforks four different ethereum improvement proposals (EIPs) was officially activated on the ethereum network – one of which does introduce a new “corner case” affecting smart contract immutability.

A few days ago, an ethereum mining pool, Spark pool, received more than $2,000 ETH of payment for mining one blockEthereum. The blockEthereum recently launched its pre-release of phase zero officially, along with its transition to Ethereum 2.0. Ultimately, it aims to make Ethereum much better and safer. The completion date is expected to be around 2021.

Ethereum has also come up with fastest and an ad-free blockchain explorer, EnjinX, which aims to make ETH more accessible to the mainstream market. Although the Ethereum price may be decreasing, the cryptizens still have a lot of interest in it as the ETH market capitalization reaches 105,285,201ETH as its current circulating supply.

Technical Analysis

However, overall crypto market in 2018 suffered a downfall, ETH has completely dropped in value — losing over 90 percent of its value compared to its all-time high. In 2019 Eth saw a good start in January, but slowly the valued dropped to $104 at the end of January, later with Eth reaching $164 in February, it was moving slowly with steady growth.

ethereum charts

Ethereum price is following a declining structure against the US Dollar and Bitcoin. However, if Ethereum breaks $140, there could be a positive wave towards the $145 level.

After keeping a pace in between the $133 and the $134 resistance, ETH price came down slowly against the US Dollar. Ethereum price saw a gradual decrease from March 6 to March 12, 2019. On March 16, it reached a high value of nearly $143. At the time of writing, it was trading upwards.

Today the price was standing at $139 and struggling to cross $140. Furthermore, Ethereum could be either above the $140 or even go below the $135 support. If there is an upside movement above $140 and hourly SMA, the price could go higher. The next resistance area is near the $139 and $140 levels, followed by $145. Also, a price below the $130 may drive the price towards the $127 range level.

Market Price Prediction For Ethereum In 2019

The cryptocurrency market is so volatile at the moment with rampant dynamism in prices of major crypto assets. These rapid price movements rendered it very hard to predict the price of cryptocurrency as the main factors affecting prices are not certain. To get anywhere near a fairer price prediction for Ethereum in 2019 we will consider statements made by prominent individuals and publications regarding Ethereum price prediction.

1.Joseph Raczynski Ethereum Price Prediction 2019

Joseph 1

Recently the founder of Joe Technologist.com and blockchain enthusiast with more than 153 thousand twitter followers, Joseph Raczynski predicted that Ethereum could hit $1200 by the end of 2019. He further mentioned that the Ethereum network has the largest developer community. Mr. Raczynski revealed that Ethereum’s proof of concept algorithm is the most popular consensus among institutional investors.

Follow him @joerazz

2. Ian McLeod Ethereum Price Prediction

Ian Mcleod

According to Ian McLeod, an influential technology expert at Thomas Crown Art Ethereum might reach something more than $500 by 2019. McLeod thinks Ethereum could experience a global and monumental breakout. He further predicted that Bitcoin might lose up to 50% of its cryptocurrency market share to Ethereum within five years or more.

3. Nigel Green Ethereum Price Prediction

Meanwhile, Nigel Green CEO of The deVere group a leading global financial consulting firm predicted that Ethereum could hit $2500 by 2019. According to Mr. Green, the price surge would come due to more platforms trading Ethereum and more demand for digital currencies, increased use of smart contracts and decentralization of cloud computing.

Follow him @nigeljgreen

4. Trading Beasts Ethereum Price Prediction

Michael Lamothe1

Another important market influencer in the cryptocurrency space, Trading Beasts, predicted on their website that Ethereum average price might revolve around $650. Trading beast, however, mentioned that the Ethereum price might reach as high as $908 by the end of 2019.

Follow him @TradingBeast

5. Brian Schuster Ethereum Price Prediction

Brian (1)

Our last prediction comes from the founder of Ark Capital LLC, Brian Schuster. Mr. Schuster made a rather bullish and optimistic prediction on Ethereum price. He, however, spread his prediction to a five years or more. Schuster said Ethereum price might reach $100,000 in five years or more.

Follow him @SchusterDEV

The Conclusion

With the current market trends and amounts of developments and investment within the Ethereum network, we predict Ethereum price to reach $1400 in 2019. However, with all the growth and developments stated in the Ethereum roadmap, we think prices could go beyond $1400.

In case you would like to share with us your prediction of Ethereum price in 2019 jot it down in the comment section below. Share this article with your friends and with all the connections in your network. Remember to follow us on Twitter to get the latest and most accurate updates in cryptocurrency and the blockchain space

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Market Price Prediction For Ethereum For The Upcoming Year 2019
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Market Price Prediction For Ethereum For The Upcoming Year 2019
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The detailed Market Price Prediction for Ethereum are elaborated by famous crypto enthusiasts. Ethereum Price prediction for the year 2019..
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David

David Kariuki is a journalist who has a wide range of experience reporting about modern technology solutions including cryptocurrencies. A graduate of Kenya's Moi University, he also writes for Hypergrid Business, Cryptomorrow, and Cleanleap, and has previously worked for Resources Quarterly and Construction Review magazines.

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2 Comments

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