Etereum Price Forecast: Ether rises steadily towards $ 300



Ether's price is rising within a bullish path above $ 270.00 compared to the US dollar. ETH / USD could trade for $ 290.00 and $ 300.00 in the short term.

Key Points

Ether formed a base close to $ 270.00 and the price moved higher than the US dollar.

There was a break on a contracting triangle with resistance to $ 277.00 on the hourly chart of ETH / USD

ETH / BTC tested the 0.0415BTC support area and it seems that it could test 0, 0400BTC.

Technically, hourly hourly indicators have risen in the bearish territory. [19659007] Analysis of the price of the ether

There has been a positive action on prices developed above the level of $ 270.00 in ETH / USD. The pair traded above the $ 280.00 level, but there was a lack of bullish momentum for a $ 290.00 test.

On the other hand, ETH / BTC faced new sales pressures while testing 0.0415BTC support. The next major downside support is close to the 0.0400BTC level.

  Chart of the analysis of the price of the ether

Starting from the hourly chart of the Eth / USD, a base formed near the level of $ 270.00. The pair climbed above a contraction triangle with resistance to $ 277.00, which opened the door for further gains.

More importantly, there was a break above the 50% Fibonacci retracement level of the last decline from $ 298.17 upwards to $ 259.56 below. The price has been trading above the $ 280.00 level, but it seems that Ether's buyers have struggled to gain momentum.

Should there be a downward correction, the price could test the broken trend line at $ 276.00, below which the next major support will be close to the $ 270.00 level pin. Turning to the 6-hour chart of Eth / USD, there is a lot of bearish price action visible under the resistance of $ 300.00

  Ethereum Price ETH Forecasr

There seems to be a crucial contractual triangle in place with resistance near the $ 285.00 level. On the downside, the support for the triangle is at $ 260.00, below which the price could fall sharply.

In general, Ether exchanges with some positive signs above $ 270.00, but the price must overcome many obstacles close to $ 290.00 and $ 300.00 to get into a positive zone.

Major resistance levels

$ 285.00 and $ 290.00

Important support levels

$ 270.00 and $ 260.00

RSI timetable

L & # 39; RSI is just above level 50.

MACD Time

The MACD is slowly moving into the bullish zone.

Aayush spent over seven years as a contributor and observer of the financial markets. He specialized in market strategies and technical analysis. It strives to provide entertaining and informative analyzes on the currency and commodity markets. He is a software engineer by profession and loves blogs.

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