The price of Ethereum began to fall against the USD as did the rest of the cryptocurrency market. This morning, Ethereum’s price quickly turned from red to green following a conversation between Tesla’s Elon Musk and Ethereum’s Vitalik Buterin.
Ethereum News Today – Elon Musk and Vitalik’s small talk on Twitter
Everyone who is active in the crypto community knows that Tesla CEO Elon Musk is a fan of crypto. A while back, Elon Musk made a statement about Dogecoin that gave it a significant spike in price.
This morning, Elon Musk simply tweeted the word ‘Ethereum’ via his official username. In response to the tweet, Ethereum’s Vitalik Buterin took the opportunity to invite Musk to the next developer conference that is scheduled for October in East Asia. In his words;
“You should come to our Devcon in October.”
Responding to Buterin, Musk wrote;
“Stop giving free ETH.”
You see a while ago, there was a popular cryptocurrency scam on Twitter. Elon Musk’s verified identifiers offered free ETH to unsuspected users. While Musk’s reference to cryptocurrency scams appears to be unrelated, an article by thenextweb.com suggests this Musk’s comments may have been part of a joke. T
The writer compared it to what happened a while ago when Musk spoke about his company’s earnings and got in trouble with the SEC. In his defense, that tweet was part of a prank to impress his girlfriend.
Musk only solved that issue last week and was given details of the type of posts he should show a lawyer before posting to avoid getting in trouble for posting misleading comments. In the meantime, he has to reassign himself as president of Tesla because of the saga.
Ethereum Price Prediction 2019 – Ethereum (ETH) Price Begins A Long-awaited Bounce To $ 170
The 2019 Ethereum price prediction has been a mix of bearish and bullish ripples for the past few months. In the beginning, everything was positive.
Ethereum was rising significantly against the USD due to a combination of factors such as the anticipation of the Ethereum Constantinople hard fork over Serenity and the overall positive sentiment in the market.
The second largest cryptocurrency by market capitalization went from double digits in December to triple digits in January. In the first week of April, the price of Ethereum moved above the $ 180 level and everyone was sure that it would cross $ 200. Unfortunately, that did not happen and Ethereum started to decline.
Ethereum (ETH) Price Today – BTC / USD
Ethereum (ETH) was in the red just before Elon Musk posted the word ‘Ethereum’ on his Twitter account. Keep in mind that the price of Bitcoin and many other cryptocurrencies are still in the red against the USD and Ethereum may be the cryptocurrency to power the next cryptocurrency bull on the market.
Ethereum (ETH) Price Analysis April 2019
According to the latest Ethereum (ETH) price analysis on newsbtc; On the last day of April, there was a decent upward movement in the Ethereum price above the $ 154 and $ 155 resistances against the US Dollar.
The ETH / USD pair even settled above the $ 155 level and the 100 hourly simple moving average. The pair gained bullish momentum and even broke the $ 158 resistance and the $ 159 swing.
It opened the doors for more gains above the $ 160 level and the 1,236 Fibonacci extension level of the last drop from the $ 159 high to $ 150 low.
The price traded towards the $ 165 level and formed a high near $ 163. An immediate support is near $ 160 and the 23.6% Fib retracement level of the recent wave from the $ 150 low to the high. from $ 163.
Also, there is a connecting uptrend line with support near $ 158 on the ETH / USD hourly chart. If there is a break below the trend line, the price could test the $ 156 support level. The 50% Fib retracement level of the recent wave from the $ 150 low to $ 163 high is near the $ 156 level.
On the upside, an initial resistance is near the $ 163 high. The next key resistance is near the $ 165 level, above which the price could start a strong wave towards the $ 170 and $ 172 levels.
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