Ethereum Price Prediction 2019: Expert Opinions and Market Trends

Ethereum (ETH) is one of the most prominent cryptocurrencies in the market, yet it has not been immune to the ups and downs that come with it. As we look ahead to 2019, it is crucial to understand the current market conditions and expert predictions to make informed decisions. This article aims to provide a comprehensive overview of the Ethereum market trends and expert opinions for the upcoming year.

Market Trends and Price Fluctuations

Before diving into the future predictions, it is essential to revisit the past trends of Ethereum. Ever since January 2019, the price of Ethereum has seen significant fluctuations. Here is a breakdown of the value of Bitcoin and Ethereum since January 2019:

From January to June 2019, the price trend of Bitcoin and Ethereum has been:

Month Bitcoin Price (USD) Ethereum Price (USD) January 2019 3441.03 107.57 February 2019 3799.68 134.82 March 2019 4081.22 141.94 April 2019 5151.43 153.69 May 2019 8287.04 253.68 June 2019 12811.80 351.25

While Bitcoin experienced a significant surge in value, Ethereum saw a more moderate increase. Currently, Ethereum is trading around $351.25, making it easier to understand the market dynamics.

Key Resistance Levels and Upcoming Trends

Based on the current market value of Ethereum, the following key resistance levels have been identified:

355 USD 385 USD 465 USD

Once Ethereum breaches these levels, it is expected to skyrocket into the thousands. Experts in the market share their varying opinions on the future value of Ethereum in 2019.

Expert Predictions for 2019

1. Joseph Raczynski

Ethereum is a popular choice among institutional investors, and its developer community is the largest. Joseph Raczynski, a blockchain enthusiast and the founder of Joe Technologist, predicts that the value of Ethereum might reach $1200 by the end of 2019. His prediction is based on the network's growing developer community and its popularity among institutional investors.

2. Ian McLeod

Ian McLeod, a technology expert from Thomas Crown Art, believes that Ethereum might reach a value more than $500 by 2019. He predicts a global and monumental breakout for Ethereum and mentions that Bitcoin might lose up to 50% of its crypto market share to Ethereum in the next five years.

3. Nigel Green

Nigel Green, the CEO of the deVere Group, a leading international financial consulting firm, predicts that Ethereum will reach more than $2500 by 2019. He outlines three reasons for the predicted price increase: more platforms using Ethereum for trading and demand for digital currencies, increased use of smart contracts, and the decentralization of cloud computing.

4. Trading Beasts

The website Trading Beasts predicts a more conservative but realistic price range for Ethereum by the end of 2019. According to their prediction, the average price might revolve around $650, with a peak of $908 by the end of the year.

5. Tom Lee

Tom Lee, the head of research at Fundstrat Global Advisors, believes that Ethereum will recover after critical losses in the next year and reach a value of $1900.

Conclusion

While it is challenging to predict the exact value of Ethereum in 2019, the expert opinions provide a valuable perspective on its potential. The market has shown significant fluctuations, but the networks continue to grow, and multiple factors contribute to the increasing demand for digital currencies. For now, staying informed and keeping a keen eye on the market is the best strategy.