Ethereum Price Analysis: Ethereum Surges Ahead, Faces Rejection at $390 High
Login

Ethereum Price Analysis: Ethereum Surges Ahead, Faces Rejection at $390 High

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Highlights
Ethereum rises, may reach a new high of $410
Ethereum may retrace and find support above the EMAs

Ethereum (ETH) Current Statistics
The current price: $386.28
Market Capitalization: $43,486,184,295
Trading Volume: $54,261,378,104
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis September 12, 2020
Ethereum bulls have continued to make a steady move after rebounding above $320. The current momentum should be sustained for the coin to continue its rise. Buyers must sustain price above $395 for the coin to be out of the bearish trend zone. Today, Ether is facing rejection at the $390 resistance. The crypto will fall back into the bearish trend zone if price breaks below $358. On the upside, if the current retracement finds support, ETH will rise to the $400 or $440 highs.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The price is attempting to break above the EMAs. If it does, the uptrend will resume. Presently, Ether is above 25 % range of the daily stochastic. It indicates that the coin is in a bullish momentum.

ETH/USD – 4 – Hour Chart

Conclusion
The crypto is making positive moves on the upside. If the current momentum is sustained, the bearish scenario will be invalidated. On September 10 uptrend, the retraced candle body tested the 61.8 % Fibonacci retracement level. The current move is expected to reach a high of 1.618 Fibonacci extension level. or $410 high



Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results



  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News