RATE Group | Ethereum Price Forecast: Ether Primed For More Upsides
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Ethereum Price Forecast: Ether Primed For More Upsides

18 Dec Ethereum Price Forecast: Ether Primed For More Upsides

Posted at 19:20h in Ethereum News by

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December 18, 2018 4:15 PM

Ether’s price is back in a bullish zone against the US dollar, while it is consolidating versus bitcoin. ETH/USD could continue to move higher once buyers clear $98.00 and $100.00.

Key Highlights

Ether’s price extended gains and tested the $98.00 resistance zone against the US dollar.

ETH/USD is likely to climb further higher above $98.00, $100.00, and $105.00.

ETH/BTC is slowly moving higher toward the 0.0270BTC resistance level.

Technically, the 6-hour chart indicators are currently near midlines in the bullish territory.

Ether Price Analysis

Yesterday, we discussed that the ETH/USD rally could extend to $98.00. The pair did move higher, breaking the $92.50 and $96.00 resistance levels and testing the $98.00 hurdle where sellers emerged.

ETH/BTC remained well-supported above the 0.0260BTC support. The pair is currently moving higher toward the 0.0270BTC resistance, above which there could be a sharp upward move toward 0.0280BTC and 0.0285BTC.

Ethereum Price Analysis ETH

The…

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