RATE Group | Ethereum Price Forecast: Bullish View On Ether
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Ethereum Price Forecast: Bullish View On Ether

09 Oct Ethereum Price Forecast: Bullish View On Ether

Posted at 15:46h in Ethereum News by

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Ether’s price is currently correcting gains against the US dollar. ETH/USD remains nicely supported above the $223.00 and $225.00 levels.

Key Highlights

Ether’s price is holding gains above the key $223.00 support against the US dollar.

ETH/USD is moving lower toward the broken bearish trendline at $225.00 on the 6-hour chart.

ETH/BTC is trading in a tight range above the 0.0340BTC level.

Technically, the 6-hour chart indicators are currently neutral above midlines in the bullish territory.

Ether Price Analysis

After trading as high as $231.95, ETH/USD started a downside correction. The pair declined below $230.00 and $228.00, but dips remain well-supported above the key $223.00 and $225.00 supports.

ETH/BTC is currently consolidating above the 0.0340BTC level. If Ether buyers continue to struggle to clear the 0.0350BTC resistance, there could be a bearish reaction toward 0.0320BTC in the near term.

Ethereum price Analysis ETH

Starting with the 6-hour chart of ETH/USD, the pair clearly gained traction this…

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