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Ethereum Price Prediction Today: Calm In The Wake Of A Brief Storm – $170 Is Nigh

  • The losses on Monday extended below $160.00 before ETH/USD found solace at $156.53.
  • The buyers should look out for a double-cross of the 12 EMA above the longer term 26 EMA.

ETH/USD is making a grand entrance into the broken range support at $163. This upside correction is happening in the wake of another flash drop witnessed yesterday when Ethereum came down like a stone in the air after the buyers failed to break above $170 resistance. The waterfall drop could not find support at $163 (range support). The losses extended below $160.00 before ETH/USD found solace at $156.53.

Ethereum Price Prediction
Chart source: Tradingview

Significant bullish momentum is building up above $160. Besides, Ethereum is changing hands at $163.13 after zooming above the 12 exponential moving average (EMA). Moreover, there is a new uptrend developing above the short-term ascending trendline. Marginally above the range support, the price is facing resistance from the 26 EMA 1-hour.

All eyes are set on $170 in the short-term…

Read Full Story : Coingape

2019-04-16 07:32:04

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Written by Coingape

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