The Performance of most of the major crypto currencies is this year incredibly well. While the top dog, Bitcoin increased in the course of the year, already 35%, were able to Altcoins, such as Ripple or Ethereum to increase by 50 or 60 percent. Particularly interesting and important of recent Ethereum is a rise in rates. This ETH made it for the first Time since September of last year, back to the important mark of 200 US-crack Dollar.
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Ethereum price over 200 USD of air to the top?
The performance of Ethereum in the last year was anything other than magnificent. Because while Bitcoin has increased, for example, 90 percent, had to ETH 2019 rate losses of 9 percent. Nevertheless, many investors began last year to put their hope in Ethereum. Because with the Upgrade on Ethereum 2.0 and the increasing use of DeFi would have to in the medium term, benefit the Ethereum rate, so the logic.
And if we take a current look at the price history of ETH Zurich since the beginning of the year, we see that ETH could rise in the course of the year, from 130 USD to the current level of almost 210 dollars.
Where is the Ethereum course? – The current price is a good buying opportunity or could be standing before ETH, a new slump?
ETH still 85% below its all-time high
We could see in the above Chart that the Ethereum course is currently in an uptrend. With the Exceed the mark of 200 USD has managed ETH for the first Time in 5 months to reach this important psychological mark again. Also at the 1 year point of view, the ETH price rose by 95 percent.
Ethereum 2.0, Staking and DeFi for updraft
Thus, the Ethereum course is one year in the upward trend and seems to know that, in view of the generally bullish market sentiment, as well as the Ethereum 2.0 Upgrade & the DeFi Hype for the time being, no support. Around this point something:
In addition to the technological progress and innovative aspect of the DeFi, the topic of decentralized finance, in particular for an increased demand for ETH in self. Because no matter whether MakerDAO, Compound, or other providers – they all need ETH Zurich as a Collateral. A factor that drives the demand.
In Parallel, another driver would be for the Ethereum course, the topic of Staking. Because as soon as the Staking Feature is enabled on the Ethereum 2 Mainnet (and not, as currently, on Testnets), do investors need a minimum of 32 ETH on the Staking part. Also, this factor is likely to boost demand.
However, we must note that the ETH 85% below its all-time high with a current price of almost 210 USD to a high of 1417 USD in January 2018. We throw nevertheless a view on the current estimates made by different traders.
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For the Ethereum course now ‘Showtime’?
Finally, we would like to see us assessments and comments on Twitter. How is the General mood?
We take as a first example, the statement of the crypto boundary. The Trader and Analyst, on Twitter, proud of 217,000 Followers and convinced on a regular basis with analyses and Reports. As for the current Ethereum course, he has a clear opinion. As posted @crypto_rand yesterday a chart analysis of ETH and commented that the ETH could expect a “Moonshot” when it breaks the mark of 200 dollars. As we can see from his Charts, is the next major Resistance at 230 USD.
If $ETH breaks $200 expect a moonshot pic.twitter.com/36hBdyQNxO
— Crypto Rand (@crypto_rand) February 5, 2020
In addition to the crypto boundary of the Analyst Galaxy ventured out yesterday to the Ethereum course. According to him, the course shows the behavior of the last few weeks that Ethereum may have found its bottom already. Currently it is in a strong upward trend, the drive to Galaxys opinion ETH in higher leagues and since 2018 persistent downward trend could beat.
If $ETH breaks the green line it’s showtime pic.twitter.com/ynwPOEwanF
— Galaxy (@galaxyBTC) February 5, 2020
How do you rise above the current Ethereum course? – This was only the prelude to ETH?
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