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

18 Aug Ethereum Price Forecast: Ether Signaling Bullish Extension

Posted at 15:28h in Ethereum News by

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Ether’s price gained bullish momentum and traded higher against the US dollar and bitcoin. ETH/USD settled above $300.00 and could continue to move higher toward $330.00.

Key Highlights

Ether finally broke the $300.00-306.00 resistance area against the US dollar.

The 6-hour chart of ETH/USD is signaling bullish continuation toward the $330.00 and $350.00 resistances.

ETH/BTC also gained momentum and tested the 0.0475BTC resistance.

Technically, the hourly chart indicators are placed nicely in the bullish territory.

Ether Price Analysis

This week, we discussed an important resistance zone near $300.00 and $306.00 for ETH/USD. Finally, the pair made a nice upward move above $306.00 and traded toward the $320.00 level.

Additionally, there were more gains in ETH/BTC above the 0.0460BTC level. The pair cleared the 0.0475BTC resistance, opening the doors for a push toward the 0.0490BTC and 0.0500BTC resistances.

Ether Price Analysis Chart ETH

Looking at the hourly chart of ETH/USD, the pair formed a solid support…

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