Analyst opinion: Ethereum price is likely to face more difficulties before $300

Analyst opinion: Ethereum price is likely to face more difficulties before $300

Ethereum (ETH) price have had a blast in the past few months as it came up to three hundred dollars ($300) mark.

But it wasn’t for long and the ETH price started getting resistance at different spots while Bitcoin continues to enjoy the bull trends without the same level of difficulty as ETH.

ETH is up by over three percent (3%) right now since at the time of publishing ETH is trading at two hundred and seventy dollars ($270.20) which is still higher than the low point two-hundred and sixty dollars ($260) the ETH price seems to be having a tough time getting over.

Ethereum ETH price chart by Trading View

Ethereum price is trading at the year-to-date high point however, it has not been able to break the barriers for the next big goal.

For over thirty days in the past, ETH price has been moving in a range of two hundred and thirty-one dollars ($231) and two hundred and eighty dollars ($280) and the tough resistance is pushing it back to lows.

$ETH D1

Rejected by the weekly once again.
But imo if price reclaims 268, 274 will give in and 300$~ is the next target.
Dip buying at 249
and no bueno below 240~ pic.twitter.com/jcy57CU30S

— C3P0 [I’m the Wookie] (@__BTC3P0__) June 19, 2019

 

C3P0 a well-known crypto analyst on Twitter is onto Ethereum and his ETH price analysis reveals that only a breakthrough that can push ETH price above two hundred and seventy-four dollars can push the price towards the much sought three hundred dollars ($300) mark.

C3P0 also observes that the ETH price has been on a rejection trend from the investors since it has not been able to claim the breakthrough in the past seven days.

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