Ethereum Price Forecast: Ether Facing Resistance At $870

February 13, 2018 4:44 PM

Ether is trading in a range above $800.00 against the US dollar. ETH/USD could consolidate between $800.00 and $870.00 before making the next move.

Key Highlights

Ether’s price declined recently and tested the $820.00 support against the US dollar.

ETH/USD is moving higher and broke a bearish trendline with resistance at $830.00 on the 30-minute chart.

ETH/BTC is in a correction phase and the pair could test the 0.0950BTC support.

Technically, the 30-minute chart indicators are rising higher in the bearish territory and toward midlines.

ETH/USD is Forming Range

There were mostly in-range moves in ETH/USD during the past three sessions. The pair declined toward the lower end of the range, tested the $820.00 support, and started an upside recovery.

ETH/BTC remains in a short-term downtrend below the 0.1000BTC level. It could test the 0.0950BTC support, which is a strong buy zone.

Ethereum Price ETH/USD Forecast

Starting with the 30-minute chart of ETH/USD, the pair is rising after forming…

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