Bitcoin and other major cryptocurrencies were able to see hike of buying pressure that has sent them soaring recently. Ethereum (ETH) is one major cryptocurrency that has been able to raise with growing resistance around its recent price levels. Experts predict that ethereum will $200 despite the resistance. Currently ethereum is trading at $140.
Ethereum price broke at the major resistance near $133-134 to rise to a higher value against the US Dollar. Just above the key resistance the price settled, to move in to a positive zone. It is likely to find a strong buying pressure near $134. Currently ethereum price is trading with a bullish trend versus the US Dollar and Bitcoin. ETH/USD rose towards $144. ETH is currently correcting lower to key supports near $134.
In the beginning of March, there were a few swing actions towards the $128 level in ETH price against the US Dollar. Ethereum ETH/USD pair formed a major support near the $129 and $130 levels. Buyers gained grip and broke the $132 resistance area to head towards the positive zone. The move towards the north was much stronger as the price even broke the $134 level.
DonAlt, popular cryptocurrency analyst and trader on Twitter, recently shared his idea in an interview that he is targeting $200 for ETH in the near-future.
As the weekend drags in, if the crypto markets lead by Ethereum rise to a higher value which would likely set as a positive effect for the upcoming week. This would eventually lead Ethereum to soar as high as $200 validating DonAlt’s technical predictions.