RATE Group | Ethereum Price Forecast: ETH/USD Could Retest $700
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Ethereum Price Forecast: ETH/USD Could Retest $700

27 Apr Ethereum Price Forecast: ETH/USD Could Retest $700

Posted at 19:11h in Ethereum News by

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Ether’s price recovered with a positive bias against the US dollar and bitcoin. ETH/USD has likely completed a downward correction and its looking retest $700.00.

Key Highlights

Ether’s price bounced back sharply and broke a key resistance at $650.00 against the US dollar.

ETH/USD cleared a significant bearish trendline with resistance at $655.00 on the 2-hour chart.

ETH/BTC is extending gains and is currently positioned nicely to test 0.0750BTC.

Technically, the 2-hour chart indicators are back in the bullish territory.

ETH/USD Remains Supported

ETH/USD started a solid recovery from the $610.00 support and surpassed an important resistance at $650.00. It seems like the pair has completed a correction wave and is back in a bullish trend toward $700.00-710.00.

More importantly, there were further upsides in ETH/BTC. The pair broke the 0.0720BTC resistance level and it is likely heading toward the next hurdle at 0.0750BTC.

Ethereum Price ETH/USD Forecast

Looking at the 2-hour chart of ETH/USD, the pair…

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