There is still a chance that Ethereum (ETH) might hit the price point of 300 USD and even rise above that before the halving takes place. A lot of digital currency traders can consider this strange considering the current state of Ether price, yet, at the same time, crypto asset prices are very unpredictable in their behavior. Only a small number of investors and traders in any financial market are able to invest in a way that allows them to generate profit consistently.
Considering the daily chart of Ethereum in relation to USD, the price of the currency has experienced a 38 percent decline. This level was not reached on the Bitmex platform and, if we take a look at the price improvement after this, there is a strong reason to assume that there is strong support for the currency and that Ethereum is going to have an upward move soon if the uptrend maintains.
Longing the market at the current price of Ether is very risky and, at the same time, short selling will not be profitable either. This could be a good point to make money off of your Ethereum coins, however, the currency still has a large potential of rising towards 300 USD. When Bitcoin goes above the 10,000 USD point, Ethereum, along with other coins, will also experience a price growth. A number of Altcoins with large market capitalizations are already showing price rise signs. Ethereum has bounced back and denies going down once again. Looking at the daily chart of Ethereum, there is a big possibility that the digital asset will also grow in value in relation to Bitcoin. However, it is still important to be cautious of the Ethereum price at this stage.