RATE Group | Ethereum Price Forecast: Ether Trades Near Major Inflection Point
43276
wp-singular,post-template-default,single,single-post,postid-43276,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum Price Forecast: Ether Trades Near Major Inflection Point

23 Sep Ethereum Price Forecast: Ether Trades Near Major Inflection Point

Posted at 15:10h in Ethereum News by

[ad_1]

September 23, 2018 2:34 PM

Ether’s price is approaching an important resistance against the US dollar. ETH/USD must break the $260.00-270.00 region to accelerate gains in the coming days.

Key Highlights

Ether’s price recovered toward $250.00-255.00 before correcting lower against the US dollar.

A significant resistance is formed near $250.00-270.00 on the daily chart of ETH/USD.

ETH/BTC is placed nicely above the 0.0340BTC support area.

Technically, the daily chart indicators are currently near midlines in the bearish territory.

Ether Price Analysis

This past week, there was a decent rise in ETH/USD above the $200.00 pivot level. The pair climbed above the $230.00 resistance and traded as high as $254.66 before starting a downside correction.

ETH/BTC also recovered nicely above the 0.0320BTC and 0.0340BTC resistances. The pair even broke the 0.0350BTC resistance and is currently trading in a tight range. The next major hurdle for buyers is at 0.0380BTC.

Ethereum price weekly Analysis ETH

Let’s start with the…

[ad_2]

Source link