RATE Group | Ethereum Price Turned Buy Vs Bitcoin
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Ethereum Price Turned Buy Vs Bitcoin

21 Dec Ethereum Price Turned Buy Vs Bitcoin

Posted at 00:16h in Ethereum News by

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Ethereum price formed solid support near 0.0257BTC and recovered against bitcoin plus jumped above $100.00 versus the US dollar. ETH/BTC is currently trading above 0.0265BTC and it could recover further.

Important Points:

  • Ethereum price finally made an upside move and broke the 0.0265BTC and 0.0270BTC resistances.
  • ETH/BTC surpassed a major bearish trend line with resistance at 0.0270BTC on the 4-hours chart.
  • ETH price trader towards the 0.0285BTC resistance and later corrected lower.

Ethereum Price Analysis (ETH/BTC)

During the past few days, there was a solid upward move in Ethereum price above the 0.0270BTC resistance versus bitcoin and above $100.00 against the US dollar. Buyers even pushed ETH to BTC above the 0.0275BTC resistance level to start an upward move.

The 4-hours chart of ETH/BTC indicates that the price consolidated above the 0.0255BTC support for a few sessions and later climbed higher. It traded above the 0.0260BTC and then settled above the 0.0265BTC resistance…

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