RATE Group | Ethereum Price Forecast: Ether Could Test $200 Support
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Ethereum Price Forecast: Ether Could Test $200 Support

06 Sep Ethereum Price Forecast: Ether Could Test $200 Support

Posted at 16:18h in Ethereum News by

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September 6, 2018 3:14 PM

Ether’s price trend is overwhelmingly bearish against the US dollar and bitcoin. ETH/USD could even test the $200.00 support if sellers remain in action.

Key Highlights

Ether extended losses and broke the $220.00 support against the US dollar.

ETH/USD is currently consolidating and remains at a risk of more losses below $211.00 and $200.00.

ETH/BTC fell sharply below 0.0360BTC and later found support near 0.0335BTC.

Technically, the 6-hour chart indicators are currently recovering from the oversold region.

Ether Price Analysis

Yesterday, we saw a crucial bearish break below the $250.00 support in ETH/USD. Later, the price extended losses, broke the $220.00 support, and traded to a new multi-month low at $211.61.

ETH/BTC also declined further below the 0.0360BTC support. Later, the pair found support near the 0.0335BTC level and is currently correcting higher. Resistances on the upside are 0.0360BTC and 0.0380BTC.

Ethereum Price Analysis ETH

Looking at the 6-hour chart of ETH/USD, the…

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