RATE Group | Ethereum Price Forecast: Ether Climbing Toward $300-305 Resistance
40365
wp-singular,post-template-default,single,single-post,postid-40365,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum Price Forecast: Ether Climbing Toward $300-305 Resistance

28 Aug Ethereum Price Forecast: Ether Climbing Toward $300-305 Resistance

Posted at 15:30h in Ethereum News by

[ad_1]

Ether’s price is rising steadily against the US dollar while struggling versus bitcoin. ETH/USD is likely to test the $300.00-305.00 resistance zone in the near term.

Key Highlights

Ether climbed higher and broke the $280.00 and $285.00 resistances against the US dollar.

ETH/USD surpassed an important bearish trendline with resistance at $272.00 on the 4-hour chart.

ETH/BTC is struggling to stay above the 0.0400BTC support area.

Technically, the 4-hour chart indicators just moved into the bullish territory.

Ether Price Analysis

Yesterday, we discussed that upsides are favored in ETH/USD once it succeeds in surpassing the $280.00 resistance. The pair did rise during the past two sessions and broke the $280.00 and $285.00 resistances.

On the other hand, there was a fresh bearish wave in ETH/BTC below the 0.0415BTC level. The pair is currently trading above the 0.0400BTC support and remains at a risk of more declines. Bitcoin price moved above the $7,000.00 resistance today,…

[ad_2]

Source link