RATE Group | Ethereum Price Forecast: Ether Eyeing Bullish Break
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Ethereum Price Forecast: Ether Eyeing Bullish Break

27 Sep Ethereum Price Forecast: Ether Eyeing Bullish Break

Posted at 15:52h in Ethereum News by

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September 27, 2018 3:19 PM

Ether’s price is showing recovery signs against the US dollar and bitcoin. ETH/USD could trade higher toward the $230.00 resistance in the short term.

Key Highlights

Ether’s price moved higher and traded above the $214.00 resistance against the US dollar.

A crucial resistance is formed near $228.00-230.00 on the 2-hour chart of ETH/USD.

ETH/BTC is correcting higher toward the 0.0340BTC resistance level.

Technically, the 2-hour chart indicators are near midlines in the bearish territory.

Ether Price Analysis

There was a positive price action above the $210.00 level in ETH/USD. The pair started an upward move and traded above the $214.00 and $218.00 levels before facing sellers near the $220.00 level.

ETH/BTC also started correcting higher and moved above the 0.0330BTC level. The pair may continue to rise toward the next key resistance at 0.0340BTC.

Ether Price Analysis Chart ETH

Starting with the 30-minute chart of ETH/USD, the pair bounced back from the $210.00 support. Ether buyers…

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