RATE Group | Ethereum Price Forecast: Ether Approaching Upside Break
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Ethereum Price Forecast: Ether Approaching Upside Break

04 Sep Ethereum Price Forecast: Ether Approaching Upside Break

Posted at 15:27h in Ethereum News by

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September 4, 2018 3:15 PM

Ether’s price could climb higher against the US dollar, but it remains bearish versus bitcoin. ETH/USD needs to surpass $290.00 and $292.50 for an upward move toward $300.00.

Key Highlights

Ether extended losses and tested the $282.00-285.00 support region against the US dollar.

A significant declining channel is formed with resistance near $290.00 on the 2-hour chart of ETH/USD.

ETH/BTC settled below the 0.0400BTC support with negative signs.

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

Ether Price Analysis

There were further downsides noted in ETH/USD below the $285.00 support. However, losses were limited as the pair bounced back above $285.00 and there was no 2-hour close below $285.00.

ETH/BTC remained in a bearish zone below the important support at 0.0400BTC. If the pair continues to stay below 0.0400BTC, it could extend declines toward the 0.0380BTC level.

Ether Price Analysis Chart ETH

Starting with the 30-minute chart of ETH/USD, the…

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