Prediction of Ethereum prices: the risk of a bullish recovery grows for the ether



Ether's price is preparing for the next short-term break against the US dollar. The ETH / USD must exceed $ 300.00 to gain bullish momentum.

Key Points

The Ether price rally has failed near the resistance zone $ 300.00-306.00 against the US dollar.

Yesterday's downtrend line is intact with current strength close to $ 300.00 2-hour ETH / USD chart.

ETH / BTC is slowly increasing and may continue to move towards the resistance of 0.0475BTC.

Technically, the 2-hour chart indicators are increasing in bullish territory. [19659007] Analysis of the prices of the ether

Yesterday we discussed a significant resistance close to $ 300.00 and a bearish trend line on the 2-hour chart of the Eth / USD. The pair tested the resistance zone from $ 300.00-306.00, but failed to break it.

ETH / BTC remained in a short-term correction from 0.0415BTC support. The torque can continue to rise towards resistance levels 0.0465BTC and 0.0475BTC.

  Ethereum Price ETH

The 2-hour chart of ETH / USD indicates that the pair failed to break a crucial bearish trendline with current resistance at $ 300.00. There have been two attempts in the last hours, but Ether buyers have not been successful in canceling the resistance from $ 300.00-302.00.

On the downside, there is an important uptrend line formed with support for $ 285.00. If the price of Ether approaches below the trendline, it may be reduced to $ 275.00 support. Conversely, a convincing break above the $ 300.00 resistance will most likely bring the price to the next resistance at $ 325.00-330.00.

Going down to the 30-minute chart of the Eth / USD, there is a strong support formed around $ 280.00, under which price it can test $ 275.00. More importantly, the pair is approaching a short-term break, with resistance close to $ 298.00 and support at $ 286.00.

  Chart of the analysis of the price of the ether

Therefore, both the 30-minute and 2-hour charts suggest that Ether is preparing for next short-term break above $ 300.00 or less $ 280.00.

Immediate resistance is the $ 295.00 region, but only earnings over $ 300.00 in ETH / USD will offer a more constructive perspective. Below $ 280.00, on the other hand, the risk will go downwards

Major resistance levels

$ 295.00 and $ 300.00

Important support levels

$ 280.00 and $ 275.00

2-Hour RSI

The RSI is currently above the 55 level.

2-hour MACD

The MACD is gaining momentum in the bullish area.

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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