RATE Group | Ethereum Price Forecast: Ether Rallies, Breaks Key Resistance
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Ethereum Price Forecast: Ether Rallies, Breaks Key Resistance

13 Sep Ethereum Price Forecast: Ether Rallies, Breaks Key Resistance

Posted at 20:12h in Ethereum News by

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September 13, 2018 3:21 PM

Ether’s price staged a solid correction against the US dollar and bitcoin. ETH/USD could face sellers near the $215.00 resistance in the near term.

Key Highlights

Ether’s price found a strong buying interest and recovered above $190.00 and $200.00 against the US dollar.

ETH/USD surpassed a key bearish trendline with resistance at $180.00 on the 6-hour chart.

ETH/BTC also corrected higher and gained more than 10 percent to hit 0.0300BTC.

Technically, the 6-hour chart indicators are rising sharply toward midlines in the bearish territory.

Ether Price Analysis

There was no downside break below the last swing low at $167.73 in ETH/USD. The pair started a solid upward move, climbed more than 15%, and surpassed the $190.00 resistance area.

More importantly, there was a strong rise in ETH/BTC from lows, and the pair traded above the 0.0280BTC and 0.0300BTC resistance levels. The next important resistances are 0.0315BTC and 0.0320BTC.

Ether Price Analysis Chart

Starting with the…

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