RATE Group | Ethereum Price Forecast: Dips In ETH/USD Remain Attractive
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Ethereum Price Forecast: Dips In ETH/USD Remain Attractive

28 Jul Ethereum Price Forecast: Dips In ETH/USD Remain Attractive

Posted at 14:52h in Ethereum News by

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Ether remained well-bid on dips against the US dollar. ETH/USD may break the $485.00 resistance considering the current price action.

Key Highlights

Ether’s price held the $456.42 low and recovered above $460.00 against the US dollar.

ETH/USD is following a crucial bullish trendline with support at $456.00 on the 6-hour chart.

ETH/BTC traded in a range above the 0.0570BTC level with a few bullish moves.

Technically, the 6-hour chart indicators are pointing to an improvement in buying sentiment.

Ether Price Analysis

Yesterday, we discussed a few key support levels near $456.00 and $452.00. ETH/USD was well-bid and the pair traded above the $460.00 and $465.00 resistance levels to move into a positive zone.

ETH/BTC was confined in a range above the 0.0570BTC level. It seems like there is a contracting triangle forming and the pair is likely to make an upward move as long as the 0.0555BTC level is intact.

Ethereum Price Forecast Analysis ETH

Starting with the 6-hour chart of ETH/USD, the pair formed higher lows at…

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