Ethereum Price Prediction for February 2019 – Can It Surpass the Market Capitalization of Ripple?
TradingBeasts appears, on the other hand, to be extremely bullish on Ethereum. The monthly Ethereum price prediction for February 2019 is a price of $249.26 by the beginning of February 2019. This seems highly unlikely as, on January 29, 2019, the price of Ethereum is about $105. The minimum and maximum prices for Ethereum by Trading Beasts during February 2019 are $420.71 and $618.68 respectively. And by the end of the month a rather very bullish Ethereum price prediction of $494.95.As the recent price of about $105 has reached the lower daily Bollinger band a potential bounce is likely. The lower and upper daily Bollinger bands are about $106-$133.40 as of Feb. 4, 2019. A bounce up to the level of $120-$125 is likely. Our technical analysis and monthly forecast for Ethereum for the month of February 2019 is not an investment recommendation. But considering the short-term bounce of price on the weekly chart from Dec. 17, 2018, to Jan. 7, 2019 and the following resumed decline we favor the recent downtrend to probably continue in February 2019.