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Ethusdanalysis

ETHUSD bounced from support, potential for a further rise! ETHUSD bounced off 148.31 where it could potentially rise further to 205.27. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
BITFINEX:ETHUSDLong
by Pepperstone
1
Ethereum Price Analysis and Prediction - Bulls Coming in HOTTTT Relative Strength Index: The RSI is currently at a relatively high 60 points, meaning the market is somewhat overbought and we should expect a slight correction downards. Bollinger Bands: The price is within the BB range, yet it's still above the MA. This also means a slight retracement in the next few hours is likely. Volume: There is moderate to low amount of volume, which signals that the market can move a few percent in either direction and is not out of fuel. Ethereum Price Prediction In my previous Ethereum price prediction, I predicted that: “ETH will stabilize around $170 and trade sideways for the next few hours.” While Ethereum did have it’s dips and peaks, it looks like the $170 level is a favorite position for ETH. As such, I will continue with my prediction that ETH will once again dip to the $170 support level, before moving upwards to try and test the $180 support. If ETH can successfully hold $180, $190 will follow shortly after as ETH doesn’t like to trade sideways at the $180 level. Read Full Ethereum Price Analysis and Prediction: NullTX
COINBASE:ETHUSDLong
by nulltxmark