RATE Group | Ethereum Price Forecast: Ether Signaling Bullish Extension
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Ethereum Price Forecast: Ether Signaling Bullish Extension

29 Jul Ethereum Price Forecast: Ether Signaling Bullish Extension

Posted at 15:19h in Ethereum News by

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Ether’s price traded in a range below $485.00 against the US dollar. ETH/USD seems to be preparing for the next break either above $475.00 or below $450.00.

Key Highlights

Ether’s price is holding key supports above the $450.00 level against the US dollar.

A significant breakout pattern is formed with resistance at $475.00 on the 12-hour chart of ETH/USD.

ETH/BTC is under pressure and could test an important support near 0.0550BTC.

Technically, the 12-hour chart indicators are signaling a few bullish signs.

Ether Price Weekly Analysis

This past week, there were a few attempts to break the $485.00 resistance. However, ETH/USD buyers failed to gain bullish momentum and the pair remained in a tight range above the $450.00 support.

On the other hand, ETH/BTC was under a lot of bearish pressure. The pair settled below the 0.0600BTC support and it seems like it might continue to move down toward 0.0550BTC to complete the current wave structure.

Ethereum Price Analysis ETH

Let’s start with the 12-hour chart of…

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