Ethereum (ETH) Price Forecast: Will It See $ 200?

Will Ethereum (ETH) fall from the current level, or will it see a slight rise? After a few days of decline, some altcoins in the top 10 on the list started to rise slowly. The total market value dropped. According to CoinMarketCap data, this value was $ 222 billion at the time of writing.

In Ethereum, the situation is as follows:

Market value: $ 21,753,430,602

Price: $ 197.67

Volume (24s): $ 16,418,596,124

Change (24 h): -3.09%

Will Ethereum Decline Live?

ETH has still not shown any signs of improvement since the recent sharp decline. The second most popular cryptocurrency fell 0.39 percent the day before.

On the hourly chart, Ethereum (ETH) is trading between $ 195 and $ 205. ETH is still falling, but it is unlikely that the cryptocurrency will fall further below its current level. In this case, ETH can retest $ 205 resistance level.

The situation is pessimistic in a wide period of time. Ethereum (ETH) is contained in the falling wedge pattern. So after a final fix, crypto money can test lower levels. In this case, the first major support lies in the $ 180 area.

ETH / USD
Resistances:
$ 211, $ 224, $ 244

supports:

$ 194, $ 185, $ 165