RATE Group | Ethereum Price Could Reach $440 If Bullish Momentum Persists: Market Analyst Edward Moya
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Ethereum Price Could Reach $440 If Bullish Momentum Persists: Market Analyst Edward Moya

14 Feb Ethereum Price Could Reach $440 If Bullish Momentum Persists: Market Analyst Edward Moya

Posted at 16:45h in Ethereum News by

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Ethereum (ETH) has so far surged by an eye-popping 140 percent this year. While some market analysts are certain that the biggest altcoin is due for a pullback, Edward Moya of Oanda Corp. believes that this rally could significantly extend before facing a huge roadblock.

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$440 is possible 

Moya predicts that the ongoing bullish momentum could push the ETH price up to the $440 mark. It’s worth noting that Ether hasn’t seen such high prices since June 2018 when the ICO frenzy started fading away.  

“If bullish momentum gets out of control, Ether will likely find strong resistance in the $400-$440 region, roughly the midpoint of the record high seen in 2018.” 

If that’s the case, Ethereum will most likely continue to chip away at the Bitcoin (BTC) dominance…

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