Ethereum (ETHUSD) Analysis and Forecast (Thu, Sept 20th, 2018): A decline to gather momentum
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A slight decrease is needed for further increases in Ethereum price.
A pullback from the 23.6% Fibonacci retracement level lifted Ethereum higher to the threshold of $210. Last midnight, the market witnessed a big fall in Ethereum price to as low as $195. Afterwards, the 2nd-largest cryptocurrency bounced back shortly, trimming all the losses.
Etherum (ETHUSD) H4 chart on September 20th, 2018
The price of Ethereum has been moving back and forth under the resistance of $211 as the bears keep defending this threshold. The pair is expected to slide back to the level of $204 and bounce off in order to continue its upward momentum.
Etherum (ETHUSD) H1 chart on September 20th, 2018
Written by nami.today
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