Prediction of Ethereum prices: Ether Primed For Liftoff


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.

  Analysis ETT etereum ETH of price of Ether

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.

  Chart of ETH Predictions on Ethereum Prices

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

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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