RATE Group | Ethereum Price Forecast: Can Ether Buyers Keep The Recovery Going?
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Ethereum Price Forecast: Can Ether Buyers Keep The Recovery Going?

15 Aug Ethereum Price Forecast: Can Ether Buyers Keep The Recovery Going?

Posted at 19:23h in Ethereum News by

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Ether’s price rebounded with positive moves against the US dollar and bitcoin. However, ETH/USD buyers are facing a lot of hurdles near $290.00 and $300.00.

Key Highlights

Ether’s price stayed above the $250.00 support and corrected more than 7 percent against the US dollar.

A crucial bearish trendline is positioned with resistance at $306.00 on the 2-hour chart of ETH/USD.

ETH/BTC also recovered roughly 4 percent after testing the 0.0415BTC support.

Technically, the 2-hour chart indicators are near their midlines in the bullish territory.

Ether Price Analysis

It seems like ETH/USD buyers were successful in defending more losses below the $250.00 support. The pair climbed higher and broke the $280.00 resistance to move into a short-term positive zone.

ETH/BTC also found a strong buying interest around the 0.0415BTC support. The pair corrected higher and moved above the 0.0420BTC and 0.0440BTC resistance levels. The next key hurdles for buyers are 0.0460BTC and 0.0485BTC.

Ether Price Analysis Chart ETH

Looking…

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