Prediction of Ethereum prices: Ether Primed For Liftoff

1 September 2018 2:02 PM

Key Points

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.