Crypto Screener › Forums › Ethereum (ETH) Forecast – Technical Analysis › Ethereum (ETH) Price Analysis – August & September 2018 › Reply To: Ethereum (ETH) Price Analysis – August & September 2018
Taking a quick look at the Ethereum markets performance against Bitcoin. There was some good buying pressure and shorter term bullish movement was created, however resistance is solid at 0.037 btc and we saw prices retreat to previous support levels.
Momentum indicators confirm the shorter term correction in the market as well as the bullish medium term trend. There could be a possible breakout on the market if the buyers can get the RSI above 50.
Look towards the PPO to signal the turn in the market, with the possible bounce and eventual breakout to play. The increase in volume lately is a good sign for the market, however support levels can get tested multiple times before eventual consolidation above current resistance levels.
I am keeping a eye on Ethereum and I am expecting some good things, should the XRP and BCH movement carry over to ETH. Safe trades.
- This reply was modified 6 months, 4 weeks ago by CheesePuff.