Prediction of Ethereum prices: Ether Approaching Upside Break


4 September 2018 15:15

Ether's price may rise higher than the US dollar, but remains bearish compared to bitcoin. ETH / USD needs to exceed $ 290.00 and $ 292.50 for a rise towards $ 300.00.

Key Points

Ether extended losses and tested the support region $ 282.00-285.00 against the US dollar.

A significant declining channel is formed with resistance around $ 290.00 on the 2-hour chart of the Eth / USD

ETH / BTC has stabilized below the 0.0400BTC support with negative signs.

Technically, the 2-hour chart indicators are moving higher in bullish territory. [19659008] Analysis of the prices of the ether

There were further negative aspects in the ETH / USD below the support of $ 285.00. However, losses were limited as the pair rebounded above $ 285.00 and there was a 2-hour closing below $ 285.00.

ETH / BTC remained in a bearish zone below the important support at 0.0400BTC. If the pair continues to remain below 0.0400 BTC, it could extend the deflections to the 0.0380BTC level.

  ETH Price Analysis Chart

Starting with the 30-minute ETH / USD chart, the pair clearly did not outperform $ 292.50 and started a downward move . It traded below the $ 290.00 level and a bullish uptrend line at $ 289.00.

There was a strong bearish move and the price fell below the support of $ 285.00. The ether was trading at $ 282.07 and subsequently came back. However, it seems that the resistance of $ 292.00 is a strong selling area as buyers have not been able to solve it yet.

The price is currently running toward a bullish trendline on the same chart with support for $ 286.00 plus the Fibonacci retracement level of 50% the recent wave from the low of $ 282.07 to $ 292.45.

Turning to the 2-hour chart of the Eth / USD, there is a significant declining channel formed with resistance close to $ 290.00. On the downside, the $ 285.00 level is strong support followed by channel support at $ 281.00.

  Ethereum Price Forecast

If Ether's buyers need control, a close above the resistance of the channel and the resistance of $ 292.50 is a must. If they do, the price of Ether will probably repeat the obstacle of $ 300.00.

The last two candles on the 2-hour chart are bullish, indicating a positive structure for a boost above the resistance of $ 290.00 in the short term.

Resistance Levels

$ 290.00 and $ 292.50

Important Support Levels

$ 285.00 and $ 281.00

2 Hour RSI

L & # 39 RSI is just above level 52.

2-Hour MACD

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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