Ethereum $ETH Forecast: Friday Edition: Shorts Up

September 07 2018 17:48 UTC

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This edition features popular Ethereum $ETH price views from @ETHNews_ @investingcom & @Coindesk. Or jump right to today’s Ethereum $ETH Forecast.

@ETHNews_

View: bearish

bearish

Aayush Jindal of @ETHNews_ asserts "Ether’s price is struggling to recover against the US dollar and bitcoin. ETH/USD remains at risk of more losses below the $211.00 support [and] there is a risk of an extended slide below this week’s low at $211.61"

@investingcom

View: bearish

bearish

Automated Signal of @investingcom perceives "ETH/BTC Poloniex Technical Analysis > DAILY >
Summary:Strong Sell
Moving Averages:Strong Sell > Buy (0) Sell (12)
Technical Indicators:Strong Sell > Buy (0) Sell (8)"
Published: September 07 2018 13:19:22 – Real-time Data

@Coindesk

View: bullish

bullish

Sam Ouimet of @Coindesk prints "At approximately 10:00 UTC Friday, the number of shorts placed on ETH/USD, the world’s second largest cryptocurrency by market capitalization, surpassed the prior mark of 202,854 to ultimately reach a new high of 208,689. The new figure represents an 81.96 percent increase week-to-week and a 162 percent jump from mid-August [and] its possible ETH could see a rapid price increase, also known as a ‘squeeze.’"
Published: Sep 7, 2018 at 16:51 UTC

Coinmarketcap $ETH One Year Chart

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Ethereum $ETH Forecast

on Friday September 07 2018 17:48 UTC

bearishbearishbullish

The crypto pundits say: “bearish/bearish/bullish/”.

Our experts weigh in with two bearish and one bullish view.

The bears have come out with a “strong sell” view and “a risk of an extended slide”. With ether trading at its lowest price in 365 days – and down more than 80% from its ATH of $1200 trading at an intraday Binance low of $213.50 – these bearish views hold some credence.

Our bullish view is a well considered view based on the preponderance of bears and shorts. Best to read the full article – its an analytical bullish view acknowledging an extremely bearish environment.

Binance $ETH/USDT
2018-09-07 10:55:47
Last Price $217.46
24h Change -6.53 -2.92%
24h High 234.69
24h Low 213.50
24h Volume 98,299,396.63 USDT


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author does not hold Ethereum $ETH at the time of writing.

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