RATE Group | Ethereum Price Forecast: Ether Sellers Remain In Control
41640
wp-singular,post-template-default,single,single-post,postid-41640,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 Sellers Remain In Control

08 Sep Ethereum Price Forecast: Ether Sellers Remain In Control

Posted at 19:09h in Ethereum News by

[ad_1]

September 8, 2018 2:38 PM

Ether’s price remains in a bearish zone against the US dollar and bitcoin. ETH/USD could extend declines below the recent low or $205.00 in the near term.

Key Highlights

Ether is struggling to recover above the $220.00 and $230.00 resistances against the US dollar.

ETH/USD is forming a bearish breakout pattern with support near $212.00 on the 6-hour chart.

ETH/BTC is under a lot of pressure and seems like it could test 0.0320BTC.

Technically, the 6-hour chart indicators are suggesting an increase in selling pressure on Ether.

Ether Price Analysis

During the past three sessions, there was hardly any recovery in ETH/USD. The pair declined slowly and steadily toward the $215.00 level with bearish moves.

More importantly, ETH/BTC failed to correct above the 0.0345BTC level and declined back to 0.0330BTC. It seems like the price could continue to move down toward the next major support at 0.0320BTC.

Ether Price Analysis ETH Chart

Let’s start with the hourly chart of ETH/USD, which…

[ad_2]

Source link