RATE Group | Ethereum Price Forecast: Ether Approaching Break
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Ethereum Price Forecast: Ether Approaching Break

30 Apr Ethereum Price Forecast: Ether Approaching Break

Posted at 18:08h in Ethereum News by

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Ether’s price remains within the positive territory against the US dollar and bitcoin on Monday. ETH/USD must break $692.00 to climb further in the near term.

Key Highlights

Ether’s price is preparing for the next move with resistance near $692.00 against the US dollar.

ETH/USD seems to be forming a breakout pattern with support around $675.00 on the 2-hour chart.

ETH/BTC is primed for more upsides toward the 0.0750BTC level.

Technically, the 2-hour chart indicators are consolidating in the bullish territory.

Can ETH/USD Make it?

The past three sessions were mostly quiet since there was no substantial movement in ETH/USD. The pair traded in a tight range above the $675.00 support and is currently preparing for the next move.

On the other hand, ETH/BTC is increasingly bullish and it seems like the pair may well accelerate gains above the 0.0750BTC resistance. The next major hurdle for buyers is around 0.0800BTC.

Ether Price Analysis Chart

Looking at the 30-minute chart of ETH/USD, the pair is following a…

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