Ethereum Price Analysis – ETH Managed to Carry on Rising

The Merkle Wed, 15 May 2019

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The ETH is rising for the second day in a row, trading around $208.62 on May 14, following the BTC and other cryptos. On D1, Buterin’s coin continues its uptrend, with the price having reached the current channel resistance. Once the latter gets broken out, the crypto will be able to reach the projection channel resistance at $257.60, or 23.60% Fibo; the rise may then continue even further. The support is meanwhile at $160. On H4, the ETH is testing the current channel resistance, and may pull back in the short term, once The post Ethereum Price Analysis – ETH Managed to Carry on Rising appeared first on The Merkle Hash.