RATE Group | Ethereum Price Forecast: Ether’s Resistance Turned Support
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Ethereum Price Forecast: Ether’s Resistance Turned Support

15 Sep Ethereum Price Forecast: Ether’s Resistance Turned Support

Posted at 01:41h in Ethereum News by

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September 14, 2018 3:17 PM

Ether’s price is placed nicely above key supports against the US dollar and bitcoin. ETH/USD must hold gains above $200.00 to resume its upside move.

Key Highlights

Ether’s price traded as high as $223.96 before starting a downside correction against the US dollar.

ETH/USD broke a major bullish trendline with support at $215.00 on the 30-minute chart.

ETH/BTC traded toward the 0.0340BTC resistance and later corrected to 0.0315BTC.

Technically, the 2-hour chart indicators are correcting lower in the bullish territory.

Ether Price Analysis

During the past few sessions, there was a sharp upward move in ETH/USD from the $167.73 low. The pair traded above the $190.00, $200.00, and $215.00 resistance levels and posted the $223.96 high.

ETH/BTC also rallied above important resistances such as 0.0300BTC and 0.0315BTC. The pair traded close to 0.0340BTC and later corrected back toward the 0.0315BTC support (the previous resistance).

Ethereum Price Analysis ETH

Looking at the 2-hour chart…

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