RATE Group | Ethereum Price Forecast: Ether Signaling More Losses
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Ethereum Price Forecast: Ether Signaling More Losses

10 Sep Ethereum Price Forecast: Ether Signaling More Losses

Posted at 15:56h in Ethereum News by

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September 10, 2018 3:14 PM

Ether’s price is trading in a tight range against the US dollar and bitcoin. ETH/USD is struggling to recover and could decline further toward $185.00 or $180.00.

Key Highlights

Ether’s price correction was capped by the $208.00-210.00 resistance against the US dollar.

A major bearish trendline is formed with resistance at $200.00 on the 2-hour chart of ETH/USD.

ETH/BTC is currently consolidating losses above the 0.0300BTC support.

Technically, the 2-hour chart indicators are sliding again in the bearish territory.

Ether Price Analysis

During the past three sessions, there was a minor correction in ETH/USD above the $200.00 level. However, the pair failed to break the $208.00-210.00 resistance zone and declined below $200.00.

ETH/BTC is holding the 0.0300BTC support level and trading in a tight range. On the upside, the pair is facing hurdles near the 0.0315BTC and 0.0320BTC levels.

Ether Price Analysis ETH

Starting with the 30-minute chart of ETH/USD, the pair climbed higher…

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