RATE Group | Ethereum Price Forecast: Ether Tumbles To New 2018 Lows
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Ethereum Price Forecast: Ether Tumbles To New 2018 Lows

19 Nov Ethereum Price Forecast: Ether Tumbles To New 2018 Lows

Posted at 16:35h in Ethereum News by

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November 19, 2018 4:18 PM

Ether’s price tumbled to new yearly lows against the US dollar. ETH/USD broke the $160.00 support and it seems like it could even decline below $150.00.

Key Highlights

Ether’s price declined more than 10 percent and traded to a new 2018 low below $155.00 against the US dollar.

ETH/USD settled below the key support at $172.00 and fell significantly.

ETH/BTC broke the 0.0312BTC support level and traded close to 0.0300BTC.

Technically, the 2-hour chart indicators are gaining momentum in the bearish zone.

Ether Price Analysis

In the weekly analysis, we discussed that there could be more declines in ETH/USD below the $172.00 support. The pair did move down and traded below the $172.00, $170.00 and $165.00 support levels.

ETH/BTC also declined heavily and traded below the 0.0312BTC support. The pair traded close to the 0.0300BTC support and it is currently consolidating losses. The next key support on the downside awaits at 0.0285BTC.

Ethereum Price Analysis ETH

Looking at the 2-hour…

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