• ETH/USD will recover to $140.00 by the year-end.
  • The coin is rangebound with a bearish bias.


Ethereum has had a tough year as the coin has lost nearly 94% of its value since the peak reached on January 13 and retreated from the second place in the cryptocurrency rating. However, some experts believe that not all is lost as ETH may regain some ground by the end of the year.

According to the polls, carried out by Finder.com, on average, experts wait for recovery towards $140.00 by January 1, 201, which equates to an increase of 37% from the current price. Many analysts stress the coin's dependence on Bitcoin dynamics.

“It is all on Bitcoin, isn’t it? If it rallies, so does the rest of the pack. Of the top five, Ethereum is most dependent on BTC’s performance (after Bitcoin Cash). And while I am hoping Casper changes all that, it’s not there yet,” Alisa Gas from Wishknish says.
She expects to see ETH/USD at $140 by the year-end.  

The most optimistic prediction comes from Rouge Ventures founder Desmond Marshall, he expects to see ETH at $250, which is nearly 300% increase against the current price.

ETH/USD is changing hands at $89.57. The coin has lost about 1.5% in the recent 24 hours, moving in sync with other digital assets. The coin remains under pressure as long as the market is dominated by bearish sentiments.

ETH/USD, the daily chart


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Ethereum Classic Price Forecast: ETC correction presents new opportunity to profit

Ethereum Classic price resolves pennant continuation pattern to the downside on relatively light volume following three consecutive inside days on the bar chart. Residual selling pressure may dampen rebound attempts, but if a new low is printed, it should be marginal. 

More Ethereum News

EOS price marches to $23 after Block.one announced new crypto exchange

EOS price is not overbought, despite three of the last seven days registering gains of at least 30%. The technical backdrop should not inhibit EOS price from continuing the rally and testing the remaining Fibonacci retracement levels of the 2018-2020 decline that reached 90%.

More EOS News

Yearn Finance Price Prediction: YFI targets $100,000

Yearn Finance price is reaching overbought levels, but the rally’s strength over the last two days projects further gains for the altcoin in the short term, potentially 40% from the current price.

More Yearn News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC crashes, markets follow suit

Bitcoin price experiences a steep correction after failing to slice through the $59,545 resistance. Ethereum price respected the MRI’s sell signal and retraced 10% from its all-time high. XRP price slid below the 50 SMA at $1.426 and eyes a retest of the 200 SMA at $1.16.

More Crypto News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP