price has reflected a tremendous fall in the price over the week. The price
slipped from $189 to $185. The overall drop has registered 7% decline in the
price of the ETH coin. The same is due to the current market scenario which not
impressive. However, the loyal traders are still hopeful for an uptrend to
embark soon. In the last seven days, Ethereum was seen touching a high at $189.33
and a low at $175.20.
started the week at $189 on November 14, 2019. The intraday price movement
marked a fall of 2.02% as the counter touched $185. The fall continued November
15 too. The price slipped to $180 by 2.78%. The escalation embarked on ETH on
November 16 and took the price to $182 by 1.46%. The escalated remained intact
on November 17. The price moved to $184 by 0.61%. On November 18, the ETH price
slipped to $178 by 3.01%. Yesterday, the downtrend brought the price of Ethereum
to $176 by 1.44%. Today, the opening hours took the price to $177 by 0.94%.
However, the recent movement in price of Ethereum brought it down to $175.
The currency isn’t likely to be fruitful for the intraday
traders. The current price of Ethereum is $175. The immediate support level at
$174 is anticipated to be breached in the coming hours. There is a slight
possibility for the currency to violate the next support level too. ETH is a
result yielding coin. The same is recommended to opt for long term investors as
it would bring the best result in the long run.
$170.46 was Ethereum’s price on
October 18, 2019; then it went up by 3.73% as of October 21, 2019. The lowest
at which it got circulated is $158.23 two days later. The bulls managed to get
their hold on ETH coin since October 25, 2019 due to rises. In between, the end
of last month and first week of this month, Ethereum price has been in the
range of $186.78 to $193.63.
Ethereum Price Analysis
As per the price comparison
of November 13, 2019, with the present price, ETH coin is showing a down run by
6.17%. But, if we look the momentum of past few days, it can rise upwards and
reach to next resistance $184.92 soon.
It is completely your discretion to invest further in ETH or take away a few coins. The trend since October 19, 2019 has been bearish until October 25, 2019, post which, it has managed to maintain consistency. Ethereum, being one of the top-notch currencies, will yield better returns in the long run.
Ethereum was priced $174.71
on October 19, 2019, with bears dominating the coin. The lowest price at which
it got traded over the last month was $158.10, dated October 23, 2019. Despite
the drop, ETH coin managed to rise and show a growth of 23.55% the very next
day. For the consecutive three days, Ethereum recorded a rise of 9.20% which
happened on October 29, 2019. On November 6, 2019, the upside movement continued
with price reaching $193.53. Currently, the coin exhibits an upward trend.
Ethereum Price Analysis
The ETH price comparison
since November 15, 2019 shows that it is moving upwards by 2.21% today. The
same movement likely to remain with ETH reaching its next resistance $187.
This is a decent time to sell a few coins in hand as per the present movement. The trend for the coin from October 18 until October 25 was bearish post, which Ethereum has managed to maintain its bullish stand. Trading from the long-term will prove to be profitable.
Ethereum price was seen battling with the bear from the past
couple of days. The traders who have dealt with ETH coin in the past must be
aware of the momentum. The coin has the potential to turn the current slight
improvement into heavy upsurge.
Yesterday, the currency touched a high of $186.25 and a low
at $179.38. The volume marked by Ethereum was $8,815,678,477. Let’s have a look
at the intraday chart of Ethereum.
ETH/USD Price Chart:
Yesterday, Ethereum started dealing at $185. The price fell
to $181 by 1.71% in the next few hours. Further, the price escalated to $186 by
2.57%. The ETH coin couldn’t hold at the level and took a tremendous fall of
3.88%. The price counter shifted to $179. The rest of the day was spent around
$180. The intraday movement of the Ethereum reflected 2.63% regression. Today, the
currency opened the day at $180. The price counters jumped to $181 by 0.85%.
Ethereum Price Prediction:
The traders dealing with cryptocurrencies are experiencing
confusion. The currencies are inconsistent on the price chart, and thus the
traders are waiting for stability. Well, the only coin reflecting consistent
move among them is Ethereum. The coin is trading around $180 and thus spiking
hope of upsurge among the traders.
The intraday trading in ETH coin is speculated to a
profitable turn. The price is seen moving towards the immediate support level
at $184. The next resistance level could be achieved in the coming hours.
The traders interested in Ethereum are recommended to opt
for long-term investment. The specified period would give the desired result to
Ethereum has shown volatility over the last seven
days. There have been three major price fluctuations in these days, and it has
made an overall 3.46% loss in the price against the US Dollar.
ETH coin opened the week at 188.05 USD, and in the
next 13 hours and 15 minutes of November 08, it lost 6.55 USD to touch 181.50
USD. At 14:40 UTC, Ethereum price started gaining and with a 5.30% increment,
it added 9.62 USD to touch 191.12 USD by November 10. The last variation
happened between 16:25 UTC of November 10 and 19:50 UTC of November 14, and in
these 4 days, Ethereum made a loss of 4.20%, and the price got down to 183.09
USD from 191.12 USD.
However, the market cap has shown a marginal hike in
these seven days. The market cap of ETH coin on November 08 was 19.983 billion
USD, and it has been increased to 20.033 billion USD in these last seven days.
Ethereum’s 20 days average is at 183.24 USD, and it’s
50 days average stands at 183.97 USD. Ethereum may find the next resistance around
movement has been marking an improvement from the beginning of the month. The
same was quite a relief for the traders who are planning for a long-term
investment. However, the current price drop has changed the dynamics, but we
are still hopeful that the coin might improve.
price was spotted dealing at a high of $189.33 and a low at $185.94. During the
entire week, Ethereum is spotted recovering. Let’s have a look at the ETH chart:
08, the ETH price started dealing at $186.45. The coin slipped to $183.72 by
the end of the day by 1.46%. On November 09, the price shifted to $184.93 by
0.66%. Ethereum price jumped to $189.64 by 2.64% on November 10. On the next
day, the currency shifted to $185 by 2.14%. On November 12, the price escalated
to $186.81 by 1.01%. On the next day, the escalation continued and took the ETH
price to $189.22 by 1.29%. Today, Ethereum is falling since the opening hour.
The counter slipped to $184.89 by 2.29%.
currently dealing at $185. The price has breached the immediate resistance
level at $186.36. There is a strong possibility for ETH to drop below the major
support level at $182.
holds a high possibility of improvement. The currency is recommended for long-term
traders. The specified period is anticipated to give a colossal profit.
ETH coin has been through immense volatility over the
last 7 days, like all its other peers. It has made an overall loss of 1.79% in
these last 7 days and shown three huge price shifts.
Ethereum opened the week at 189.03 USD. Its first
major variation started on November 06, at 07:15 UTC, and on the next day, at 13:25
UTC, ETH price reached 181.11 USD, the lowest for the week. It was followed by
a hike of 5.88% over the next 2 days, and it pushed the value to 191.75 USD by
16:25 UTC on November 10. At 16:25 UTC, Ethereum started weakening and reached
182.07 USD by 15:20 UTC on November 12.
The Market Cap of ETH coin has also shown a slump in the
last 7 days. It was roaming around 20.778 billion USD on 06th
November, and today is at 20.217 billion USD.
Ethereum’s 20 days average is now at 184.98 USD, and
it’s 50 days average stands at 179.72 USD. The current price at 185.64 USD is
3.29% and 0.35% more than the 50 days and 20 days moving averages,
is a blockchain tech-based digital currency, backed by the US social
media giant, Facebook. The company has already revealed its plan for
Libra cryptocurrency in June and it is set to launch soon in 2020.
have been suggesting that this new cryptocurrency might make its
first appearance in the market by partnering with the pioneer digital
payments firm. This has made other companies, especially PayPal,
cautious about the future of Libra.
the company is said to be backed by the basket of currency assets and
US Treasury securities in an attempt to avoid volatility caused by
the other virtual currencies in the market. Still, things not seem to
be perfectly fine for the Libra, as central banks, governments, and
regulators all are coming together and asking Facebook what are their
plans on making it regulated.
Rabinovitch, PayPal investor relations vice president showing his
concern said, “It’s a non-binding commitment,” referring to
the plans of Facebook on how they will oversee the blockchain coins.
continued, “And obviously, I think there’s a lot of work to
happen before we get to that point where it becomes something more
than just a very exciting idea.”
Libra, Facebook is trying to develop a new global cryptocurrency.
That will be stored in our smartphones and most importantly they are
planning to make it a stable virtual cryptocurrency. This will help
many people who are not using banks to become part of the financial
one can point, they’ll see that Libra’s plans are quite similar to
PayPal’s long term plans. There are hundreds of billion funds get
transferred by the people to their families in the other country
through digital payment. PayPal is the king when it comes to this
digital fund transfer. However, the coinciding plans of Libra
cryptocurrency have made PayPal cautious of its competition.
holders nowadays should exercise caution with regard to not only
their funds but also their personal security, a recent incident of
attempted burglary in Norway on a bitcoin millionaires’ home
affirms this. Earlier this year a local high profile bitcoin investor
in his early forties had barely managed to escape from a robbery at
his house when an armed man tried to get inside forcibly. This time
it was a businessman who had been working in the crypto industry for
almost ten years, and the incident took place at his apartment in
Oslo. In this case, too, an armed man showed up at his door and asked
him to get down on the floor. The incident was reported by the
Norwegian broadcaster TV2 and thereby acted a reminder to all crypto
investors to be careful.
in this case, when the intruder armed with a shotgun aimed at the
victim, the latter refused to comply and give away the money and
escaped by jumping off his balcony on the second floor. Whether the
victim has suffered any major or minor injuries is still not known
with certainty. TV2 has also reported that the businessman owned a
company in the crypto industry and available financial statements
show that his wealth is worth almost 11 million USD. The details of
the robbery have been made public only recently although the incident
had occurred in May this year. The case is scheduled for a trial on
October 17 and 18 in Oslo; however, the victim’s attorney and
defense lawyer of the perpetrator refrained from commenting.
victim has thus pulled a brave act as the indictment drafted by the
Attorney General’s Office alleged that the suspect had threatened
the victim with “Lie down, or I’ll shoot.” However, no shot was
fired before the victim barely escaped, who had come in the spotlight
in recent times for the significant fortune that he had made with his
decade long engagement in the cryptocurrency sector. Norway had also
seen similar incidents earlier like the brutal murder of a
24-year-old bitcoin investor in Oslo after he had sold his bitcoins
for cash. Although there is some doubt on the possible link of the
murder to the bitcoin sale, yet the incident had managed to disturb
the crypto community.
crimes related to cryptocurrency holders are on the rise, a few
simple steps may be undertaken as precaution, besides getting an arms
license or installation of a state of the art security system at
home. One such step is non-disclosure of one’s earnings, which simply
means one need not talk about or show off the wealth that he has made
with the bitcoins he has bought. There is a very high chance of such
news getting spread by word of mouth or social media, and thus one
needs to be cautious. One should also never post his wallet addresses
online as this gives access to criminals to see how much
cryptocurrency their targets own. In case one needs to post his
wallet address online, they should not store much wealth in it and
use it only for the specific purpose. One can also use an anonymous
cryptocurrency or a coin mixer so that criminals cannot trace the
transactions as these can be publicly viewed otherwise. One should
also have a wallet that can be used as a bait that has a small amount
as compared to overall crypto wealth, in case of armed assault the
funds can be transferred to that wallet which the assailants can take
parallel incidents have also taken place in Kerala, in India this
month, and also with a Russian cryptocurrency investor. Therefore
such precautions have become extremely significant in the light of a
rising number of cases of wealthy cryptocurrency holders becoming
victims of robbery and kidnapping at gunpoint.
Thomas Jordan, Chairman of Swiss
National Bank, disclosed his worries regarding the stablecoins. He
said that Switzerland’s monetary policy could be affected due to
the stablecoins like Facebook led Libra cryptocurrency as they are
linked with a group of stable currencies.
He said, “the Swiss franc would
not create any risk; however if the stablecoins pegged to foreign
currencies were to establish themselves in Switzerland, the
effectiveness of our monetary policy could be impaired.”
While speaking at the University of
Basel, he further expressed his concern that” cryptocurrencies
are meant to have limited use as payment instruments, units of
account and stores of value and thus are subjected to have major
“We don’t see this as an
immediate threat to our financial stability, but the open-access of
central bank-issued virtual forex to the common public could create
hindrance to the national monetary policy as it multiplies a chance
of a financial institution run.”
Facebook’s plans to launch a
stablecoin Libra is causing turmoil among the bankers and financial
regulators across the globe. Moreover, it has chosen Switzerland for
launching its Libra project.
Switzerland has blockchain-friendly
policies along with stringent federal laws about data privacy and
data protection. Owing to this approach, Facebook has launched a
company called “Network Libra” in Geneva in May. This has created
an atmosphere of ambiguity in the financial sector of Switzerland.
The Libra project is facing a growing
chorus of resistance across the borders, including Trump
It also has created chaos among
European officials that Libra could harm sovereign currencies and
could undermine European banks which could lead to the financial
statements of Thomas Jordan resonances similar concerns. However,
David Marcus, The head of the Libra project had assured in July that
it wouldn’t compete with sovereign currencies or won’t interfere
in monetary policies.