RATE Group | Ethereum Price Forecast: Dips In Ether Remain Attractive
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Ethereum Price Forecast: Dips In Ether Remain Attractive

19 Dec Ethereum Price Forecast: Dips In Ether Remain Attractive

Posted at 20:48h in Ethereum News by

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December 19, 2018 4:27 PM

Ether’s price gained bullish momentum against the US dollar and bitcoin. ETH/USD is currently correcting lower, but dips remain attractive to buyers.

Key Highlights

Ether’s price surged higher and broke the $100.00 and $105.00 resistances against the US dollar.

A short-term bullish trendline formed with support near $105.00 on the 30-minute chart of ETH/USD.

ETH/BTC finally broke the key 0.0270BTC resistance level and traded higher.

Technically, the 2-hour chart indicators are currently near overbought levels in the bullish territory.

Ether Price Analysis

Yesterday, we discussed the chances of more gains above the $98.00, $100.00, and $105.00 resistances in ETH/USD. The pair did move higher, breaking the $105.00 resistance, and traded to a new weekly high at $109.26 before correcting lower.

ETH/BTC also gained strength and moved above the 0.0268BTC and 0.0270BTC resistance levels. The pair is now placed nicely above 0.0270BTC and could continue to move…

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