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1 September 2018 2:02 PM
The price of Ether could rise higher than the US dollar and bitcoin. ETH / USD is bullish on the 6-hour chart and indicates a move upwards of $ 295.00.
Key Points
Ether remained well supported above the $ 270.00 support, with bullish signals against the US dollar.
ETH / L 'USD broke a bearish trend line with resistance at $ 280.00 on the hourly chart.
ETH / BTC is consolidating above the 0.0400BTC support and is preparing for the next move.
Technically, the 6-hour chart indicators are about to move into bullish territory.
Analysis of the prices of the ether
During the last two sessions, there were positive movements in the ETH / USD above the support of $ 270.00. The pair moved higher and broke the resistance from $ 280.00 and $ 285.00 to get into a bullish zone.
ETH / BTC remained confined within a narrow range above the 0.0400BTC key support. It appears that the pair is about to complete a correction scheme and could move higher towards 0.0420BTC.
Starting from the hourly table of ETH / USD, the pair recently gained traction near the low of $ 272.45 and climbed higher. He tested the resistance zone of $ 285.00, corrected below $ 280.00 and finally resumed his move upward.
During the rise, Ether's price broke a bearish trendline with resistance at $ 280.00, paving the way for a push above the resistance of $ 285.00. The price also exceeded the Fibonacci retracement level by 50% from the recent decline from $ 296.28 to $ 272.45.
The current technical chart on the hourly chart indicates that the price is moving well in a positive zone with the support base at $ 285.00, $ 280.00, and an uptrend line.
The 6-hour chart of Eth / USD also indicates bullish training above the support of $ 270.00. The pair has repeatedly retested the previous downtrend line to $ 273.00, which has had strong support. He is currently forming a breakout model with resistance near $ 285.00.
Successful closing of 6 hours above the trendline and $ 285.00 will probably set the pace for further increases in Ether to $ 295.00 and $ 300.00 levels in the short term. [19659018] 6-hour MACD
The MACD indicates positive signs and could move into the bullish zone.
6-Hour RSI
The RSI is currently near the 48-50 zone.
Important Support Levels [19659019] $ 275.00 and $ 270.00
Major Resistance Levels
$ 290.00 and $ 295.00
