RATE Group | Ethereum Price Forecast: Ether’s Triangle Break Near?
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Ethereum Price Forecast: Ether’s Triangle Break Near?

02 Sep Ethereum Price Forecast: Ether’s Triangle Break Near?

Posted at 14:35h in Ethereum News by

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September 2, 2018 1:46 PM

Ether’s price recovered nicely against the US dollar whereas it remained in a range versus bitcoin. ETH/USD is approaching a key triangle break on the daily chart.

Key Highlights

Ether gained bullish momentum and traded above the $295.00 resistance against the US dollar.

ETH/USD could soon break a crucial contracting triangle with resistance at $305.00 on the daily chart.

ETH/BTC is holding the important 0.0400BTC support with a few positive signs.

Technically, the daily chart indicators are likely to move into the bullish territory.

Ether Price Weekly Analysis

In the past couple of analyses, we discussed that ETH/USD is likely to trade higher toward the $300.00 level. The pair did gain traction recently, breaking the $290.00 and $295.00 resistances, and finally spiked above the $300.00 barrier.

On the other hand, there were bearish moves in ETH/BTC this past week. The pair declined to 0.0400BTC, which is currently acting as a strong support. In the short…

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