RATE Group | Ethereum Price Analysis: Ether Burns to a Crisp
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Ethereum Price Analysis: Ether Burns to a Crisp

14 Dec Ethereum Price Analysis: Ether Burns to a Crisp

Posted at 18:45h in Ethereum News by

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Ethereum has turned into an unattended dumpster fire. Let’s take a look at the Ethereum price analysis and see what it will take to turn the price around.

Ethereum Price: Market Overview

2018 has been a rough year for Ethereum price 00 and at the moment it doesn’t look like the situation will improve. Of the top 5 cryptocurrencies, ETH price disintegration has been nothing short of harrowing and with the ICO market being declared dead by a growing number of analysts.

Meanwhile, the SEC in constant pursuit of what it deems to be unregistered securities sales and illegal marketing has put a ton of pressure keeping it from rebounding from its current lows.

ETH-USD Shorts

Additional pressure is also coming from a record high number of shorts (400,000) betting against an Ether recovery and this seems to be pinning ETH price below $95. A break above $95 – $100 could cause some shorts to cover and the price could extend to $115 to $125.

However, it seems a strong Bitcoin led…

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