Category: ETH price forecast

Ethereum price soared during Wednesday’s trading sessions to record a day high of $527.05. The bullish wave continued controlling Ethereum’s market during Thursday’s trading sessions to breach the resistance around $545.17 (76.4% Fibonacci retracement) as we predicted during yesterday’s analysis. Ethereum price continued rising along the new uptrend line, which has been evident since April 10th, reaching $559 at the time of writing of this analysis. Will ethereum price continue rising during the next 24 hours? “Three white soldiers” apparent on the 4 hour ETHUSD chart: Let’s examine the 4 hour ETHUSD chart from Bitfinex, while plotting the 20 period,

Ethereum price has been recovering during the past couple of weeks after a bullish wave that had been controlling the market since the latter half of February. However, the market has been moving sideways during most of Tuesday’s trading sessions. A day high of $523.80 was recorded on Tuesday, before dropping down to a day low of $501.50. Earlier today (Wednesday), Ethereum price began to rise again along the upwards trend line that has been apparent on the ETHUSD charts since April 10th, as we will see later. The ETHUSD is about to test an important resistance level around $545.17