Recovery of Ethereum is Not Easy: Above 212$ When Bulls Fail to Fight

[radenpanji120 4]

Ethereum is currently consolidating losses above the $ 190 zone against the US Dollar. The price of ETH faces many obstacles on the up side such as $ 208, $ 212, and 100 SMA per hour.
Ethereum shows no major bullish signs above the $ 200 level against the US Dollar.
The price is likely to struggle near the key resistance levels of $ 208 and $ 212.
There is a short-term contract triangle formed with resistance near $ 205 on the 1-hour ETH / USD chart (data feed via Kraken).
The price of Bitcoin tried to recover above $ 8,000, but failed to gain momentum
Loss on Ethereum Price Consolidation
After trading as low as $ 188, Ethereum started a small reverse correction against the US Dollar. ETH prices are trading above the $ 190 and $ 195 levels, but are still well below the simple 100-hour moving average.

It looks like prices are consolidating losses above $ 190 and $ 195 levels. On the plus side, initial resistance is seen near the $ 205 level. Fib 23.6% retracement level of key declines from the lows of $ 252 to $ 188 is also close to the $ 205 zone .

More importantly, there is a short-term contract triangle formed with resistance near $ 205 on the hourly chart of ETH / USD. The first major resistance on the upside is near the $ 208 level (recent breakdown zone).

[rianpedia 816]

16 minutes ago, Mohammadztzt1 said:

Hello my friend
In my opinion, the recovery of the market now needs from one to two months, and that keeping the currencies at certain resistance points and somewhat acceptable can give us an idea of the time taken, but so far for bitcoin I do not see indicators indicating that the recovery has started, and even this complete decline of the market I did not find a justification for it .

Sense now is indeed the time to recover the value of some coins. judging by the price of bitcoin which is currently starting to creep up, but I am worried whether it can go back up to the initial price or not.

[Opinder 1310]

Economy is facing crisis so recovery is impossible upto four/ five months. And even halving of btc would not give growth to market. Now market is stable around present prices. And it required huge investment to rise above resistance level. But it is only possible when people would have to invest.

[BTC Future 3946]

This was a great analysis and noone could predict the havoc that happened in every market worldwide. I am interested and lately trading ethereum on occasions as there is profit through many strategies with eth pairs having high liquidity. 

[tienda 8776]

I think right now the problem is not about the Ethereum growing cause or cryptocurrency market cause, the crisis is global touch all products and services around the world, maybe in three or four months all things return to their origin places, the cause is corona virus.

[magd 5231]

Ethereum is linked to the price that Bitcoin will reach for this reason. When the price of Bitcoin yesterday reached $ 6700, the price of Ethereum increased to $ 150.15. This means that Bitcoin’s arrival at the price of 10,000 will restore the price of Ethereum as high as it was previously and we hope this

[Prince90 668]

Not just ethereum but the entire crypto market is in bad shape and facing huge decline in prices. Bitcoin has fell down to 6k dollar from $10k. Same happend with ethereum , litecoin , ripple , doge coin every crypto currency is in lowest prices. On the contrary it is a very good time to buy crypto currency.

[Gudameku 26]

the price of any crypro currency will not be stagnant as time goes will move ups and downs so this does not means the given coin have some weakness its just the dynamic system of each and  every coin passing in order to gain value

[pablomarwan 3082]

The electronic currency market started to recover despite its slowdown. The rise in bitcoin contributed to the rise in the security of other currencies, such as the eth currency, so we await its return to its price before the crisis is resolved. All electronic currencies will rise with the rise of bitcoin in view of its large price. It will be useful in marital exchanges between other currencies

[Whited35 15285]

I do not think so because the project has the very strong investors to support the price level. You can see so many trusted projects are preferring the Ethereum network to issue their own coin aiming to make the transactions within the network which will also increase the trust in ETH. 

[bliznec 22267]

The Ethereum cryptocurrency was at its peak at a price of $ 1,380, when bitcoin was $ 19,000. I believe that Ethereum will be on top and very soon.

[Adrian Adkins 11]

Ethereum isn't displaying a main bullish mark above the $ 200 level towards the United States Dollar. The charge is anticipated to compete near the key $ 208 and $ 212 resistance degrees. A quick-time period contract triangle is fashioned with resistance near $ 205 on the ETH / USD hourly chart. Tried an improvement on it, however did now not gain momentum. Ethereum has launched a small upward correction in opposition to the US Dollar. ETH fee traded above the $ 190 and $ 195 stages.

[Jessica Karren 1242]

Exactly without the great bullrun I don't think that etherium will cross 200 $ mark. Hopefully after the Bitcoin halving, the bullrun will definitely come which will create it's positive impact on the whole market including etherium.

[Rezort 846]

This theory and prediction is alright but ethereum is going to get higher price mark than in 2018 eventually, we just need to wait patiently for it.

[CryptoMaxim 3829]

Everything is ambiguous now. Some analysts say that halving will not affect the price of bitcoin others that the price will rise to 25K. And with the growth of bitcoin and Ethereum can also rise. It's not very clear yet.

[Jeet Narayan 1940]

Since now ethereum coin price is $170 and the price of ethereum have dropped slowly slowly but 4 or 5 months after ethereum again come back with good price. If Bitcoin price will go up than definitely ethereum will also go up.

[Nezar 7169]

All currencies have witnessed a significant decline in the price, and for the Ethereum currency its price has reached $ 130, but now it started to improve and very significantly, as the price today reached $ 185 This is a very good amount and evidence that prices have started to rise, so we have to wait and be patient

[Honny143 13612]

dear friend your analysis about ETH price not increase about few months, yes your right but I think you know the situation so many countries face economy crisis, and bitcoin also not show any movement its  stable at the prices between 6800 to 7000$, when bitcoin cross this prices and touch 8000$ dollars, then ETH also break all resentence and we see ETH at 250$ dollars but wait some more time.

[BrolySSJ 7899]

I agree that the recovery of the ethereum market will not be easy and we may not see as high of prices as we were experiencing previously due to the global impact that the corona virus has had on many economies, but i think that it is important to know that this recovery will happen in due time in my opinion. I think that as the economy recovers, so will the crypto market and as a result we may see prices like this again in the future. Maybe next year or maybe in a couple years time but i think it is possible.

[jacker 1095]

ethereum will recover as bitcoin increases in value. ethereum is inherently a stable currency, so its value does not increase significantly. to increase its value in addition to pumps, supply and demand will increase it.

[Hasmizara 64]

Ethereum is not a difficult task to recover if we invest properly. Ethereum's future is much better Ethereum has pumped a lot than before. Ethereum could cross 500 500 this year. You do not want to be frustrated if you cannot get the right pitch so invest in a good capo.

[Brushless4500KV 4214]

Recovering losses with Ethereum is quite possible. It may be steady and stable in some occasions but it will surprise you with a sudden movement like what happened today. When ETH collapsed to $136 in March, no one imagined it could bounce back to $200 again but it did it today and now the 24h high value of ETH in Yobit is $200! Don't underestimate the power of this coin. I predict ETH will break $300 resistance this year after BTC halving. Reaching above $212 is easy for ETH. It was already worth $270 two months ago.

[malik6314193 5449]

As due pandemic the pric of eth fall to 121$ but now it get up and fluctuating near 200$. I think it will cross 220$ in next few weeks. 

[Captain Karim 0]

For me, I no longer look at the price of Ethereum or the support and resistance of any cryptocurrency except for Bitcoin, Bitcoin is the one that determines the direction of the market and the direction of all currencies in their price against the dollar when it falls or rises.

[Brand1 1336]

Ethereum currency faces many obstacles and difficulties since the beginning of the year as its price decreased due to the Corona virus to $ 120 and when prices started to rise and the price of bitcoin currency reached $ 9500, prices remained low as the price reached only $ 205 and this is a very small amount because the price must be At least $ 225, so the $ 205 price will expose us to losses when we conduct trading operations, so we hope this currency will improve and return to what it was after the half event ended.