Ethereum price is still consolidating between two major barriers, with no signs of breaking. This trend may change as ETH is on the verge of exploding through a strong support level.
Ethereum price today
DATE | ETC | USD |
---|---|---|
Today | 01 | 1348.08 |
Ethereum price forecast
Since September 18, the Ethereum price has been stuck between $1,440 and $1,280. As mentioned in the previous post, ETH is still trading dangerously close to the lower limit, and further declines in the price of Bitcoin could cause it to fall.
Ethereum price may retest at least $1,220 on September 21 if it breaks the $1,280 support. This will finish the triple tap setup. This technical setup moves down from a low swing. After this sweep, the asset often fails to rise, retesting the original swing.
After retesting the first swing low, the rally moves up to buy stop liquidity. Ethereum’s price has yet to make the final leg, which could push ETH up 10% to its first equivalent high at $1,343.
If the momentum continues, Ethereum price may target a buy stop liquidity above $1,402. From $1,220, that would be a 15% gain.