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Ethereum Price (ETH) Could Surge Above 0.0340 Versus Bitcoin (BTC)


Ethereum price stayed above the
key 0.0314 support area against bitcoin and climbed above $170 versus the US
Dollar. ETH to BTC is likely to extend gains above 0.0340 and 0.0342 resistance
levels.

Key Talking Points

  • Ethereum price is forming a strong support above
    the 0.0314 level against bitcoin.
  • There is a crucial bearish trend line in place
    with resistance at 0.0330BTC on the 4-hours chart of the ETH/BTC pair (data
    feed from Poloniex).
  • The pair is likely to break the trend line and
    it could even climb above 0.0340BTC.

Ethereum Price Chart Analysis

In the past few hours, there was a decent bounce in bitcoin, litecoin, Ethereum, EOS, bitcoin cash, ripple, and others against the US Dollar. ETH to BTC also recovered a few points after it formed a strong support base near the 0.0312 and 0.0314 levels.

Ethereum Price Chart Analysis ETH BTC

Looking at the chart, the price traded as low as 0.0311 and recently bounce back. It seems like there is a crucial support base formed near the 0.0312 and 0.0314…



Read Full Story : Ethereum World News

2019-04-18 05:37:07

Aayush Jindal

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