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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Stellar — Asian Wrap 9 Sep

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Stellar — Asian Wrap 9 Sep
FXStreet TeamFXStreet TeamFXStreet

Ethereum Price Prediction: ETH struggles to find direction

Ethereum price action is very constricted during today’s trading. A primary reason for this consolidation goes beyond the volatility of yesterday’s trading. There is a very tight $100 range above and below the $3,400 value area where Ethereum has a near equal opportunity to surge higher or plummet lower. 

Bitcoin bulls need $48,000 to survive while BTC bears need $44,500 to gain control

Bitcoin price remains capped after the spectacular flash crash on Tuesday but well off the lows found near the $43k value area. Two primary Fibonacci retracement levels are contributing to some sideways price action for Bitcoin. Bears will need to push Bitcoin price below the 50% Fibonacci retracement at $44,500 to stay in control. 

XLM price crashes by 38%, but quick recovery appears imminent

Stellar (XLM) got dragged into the damaging flood caused by El Salvador that introduced Bitcoin as an approved payment method and reserve currency for the country. During the transition, a lot of issues occurred, and price action in Bitcoin got very choppy.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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