RATE Group | Ethereum Price Forecast: Ether Struggling Near Important Resistances
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Ethereum Price Forecast: Ether Struggling Near Important Resistances

15 Sep Ethereum Price Forecast: Ether Struggling Near Important Resistances

Posted at 14:54h in Ethereum News by

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September 15, 2018 2:34 PM

Ether’s price is consolidating against the US dollar and moving higher versus bitcoin. ETH/USD seems to be facing a tough resistance near the $225.00-230.00 zone.

Key Highlights

Ether’s price is facing important resistances near $225.00 and $230.00 against the US dollar.

A major contracting triangle is forming, with current resistance at $220.00 on the hourly chart of ETH/USD.

ETH/BTC is correcting higher and could test the 0.0340BTC and 0.0350BTC resistances.

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

Ether Price Analysis

ETH/USD remained well above the $200.00 support area and have mostly traded in a range during the past few hours. However, it seems like Ether buyers are really struggling to gain bullish momentum above the $220.00 level.

On the other hand, ETH/BTC climbed higher from the 0.0315BTC support and moved above the 0.0330BTC level. The pair could continue to move higher in the short term toward the…

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