Ian Mcleod: böl Ethereum’s price has been in the bear zone for a few weeks.
According to Mati Greenspan, while Bitcoin’s potential rupture is ağ just a matter of time ın, Ian Mcleod, a technology expert and business analyst, says that the Ethereum adoption process will raise the Ether price to $ 500 at the end of the year and this increase will continue in 2019.
Mati Greenspan: işlem The number of transactions in Bitcoin is increasing. Price is a matter of time! Kop
During writing, Bitcoin is traded at $ 6,450 in red. The Bitcoin market was still quiet with a daily transaction volume of $ 3.7 billion. However, this may be the case. According to eToro’s senior market analyst, Mati Greenspan, the number of transactions in Bitcoin is increasing and the price rupture is only a matter of time. Greenspan adds:
Bitcoin’s potential break is just a matter of time. Of course, the straight line pattern can continue for a few more months and it won’t be a bad thing. But under calm price movement there are signs of boiling excitement. This is a classic indication that we are nearing the end of the horizontal cycle.
”The next 1-2 weeks may be a near-term point for many crypto currencies.“
Another analyst who shares similar feelings is Rob Sluymer, technical strategist at Fonstrat Global Advisors. Rob Sluymer says,
The next 1-2 weeks may be a near-term point for many crypto currencies. The majority of crypto currencies remained in narrow consolidation for several weeks. Most people are testing significant levels of technical trade that would cause a dramatic reaction by traders if they were violated.
Ian Mcleod, a technology expert and business analyst, is one of the analysts who make bullish predictions. The expert says:
With prices falling dramatically, Ethereum’s price has been in the bear region for several weeks. However, a trend change can be expected between now and the end of the year. The price will be an impressive increase with remarkable earnings as soon as we return to the bull zone. It will make sense to believe that Ethereum will go up to $ 500 until the end of 2018, and that it will move upwards throughout 2019.