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

29 Aug Ethereum Price Forecast: Ether Signaling More Upsides

Posted at 15:59h in Ethereum News by

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Ether’s price extended gains against the US dollar and recovered slightly versus bitcoin. ETH/USD is currently poised to trade higher above $300.00.

Key Highlights

Ether traded higher and tested the $297.00 resistance recently against the US dollar.

ETH/USD is placed above the $292.00 and $282.00 support levels.

ETH/BTC is slowly recovering toward the 0.0420BTC resistance level.

Technically, the 2-hour chart indicators are rising higher in the bullish territory.

Ether Price Analysis

Yesterday, we discussed that ETH/USD could slowly climb toward the $300.00 and $305.00 resistance levels. The pair did move higher, but upsides were capped by a crucial technical level at $297.00.

ETH/BTC stayed above the 0.0400BTC support area and later started an upside correction. The pair is recovering and may test the 0.0420BTC and 0.0425BTC resistance levels in the near term.

Ethereum Price Analysis ETH

Looking at the 2-hour chart of ETH/USD, the pair settled above the $280.00 and $282.00 support levels. It climbed higher,…

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