The price of Ethereum has stabilized in recent weeks after Ethereum crashed in September. Since Ethereum recovered mid-September it has been trading in a narrow range between $280 and $330.
Note that InvestingHaven’s research team observed that the Ethereum price remained bullish after Byzantium, an important event that Ethereum was able to ‘surive’.
This week, we see the first attempts of Ethereum to break higher. It touched $340. As several altcoins start to look constructive again we expect Ethereum to rise in the coming days and weeks.
So far we still stand strong with our Ethereum price forecast of 1000 USD, by 2020 the latest.
Note how Ethereum’s price chart looks truly awesome. It managed to stay above its support line (anyone able to challenge that idea that chart analysis for cryptocurrencies has no added value).
The ultimate test of course is the $400 level. We expect a triple to breakout anytime soon, maybe not as soon as November 2017 but probably very soon after!