RATE Group | Ethereum Price Forecast: Ether Buyers Gaining Momentum
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Ethereum Price Forecast: Ether Buyers Gaining Momentum

08 Oct Ethereum Price Forecast: Ether Buyers Gaining Momentum

Posted at 15:21h in Ethereum News by

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Ether’s price is gaining bullish momentum against the US dollar and bitcoin. ETH/USD is likely to overcome strong offers near the $230.00-232.00 resistance.

Key Highlights

Ether’s price is trading higher and could surpass the $230.00 resistance against the US dollar.

ETH/USD is following a bullish trendline, with support at $225.00 on the 30-minute chart.

ETH/BTC is slowly moving higher toward the 0.0350BTC resistance.

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

Ether Price Analysis

During the past few hours, ETH/USD traded with a positive tone above the $220.00 support. The pair traded above the $225.00 and $228.00 resistance levels, and challenged the $230.00-232.00 hurdle.

ETH/BTC also moved higher, but gains were limited above the 0.0345BTC level. It seems like the pair could continue to trade toward the 0.0350BTC resistance, above which Ether is likely to test 0.0362BTC.

Ethereum Price Analysis ETH

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

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