AltcoinsEthereum

Ethereum $ETH Forecast: Weekend Edition: -14.66% Selloff

August 11 2018 14:34 UTC

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This edition features popular Ethereum $ETH technical analyses from @ETHNews_, @bitcoinsguide and FXStreet. Or jump right to today’s Ethereum $ETH Forecast.

@ETHNews_ Analysis

View: sideways

sideways

Aayush Jindal of @ETHNews_ perceives "Ether’s price is trading sideways above the $350.00 support against the US dollar [and] Technically, the 2-hour chart indicators are struggling to move back into the bullish territory"

@bitcoinsguide Analysis

View: sideways

sideways

Azeez M of @bitcoinsguide commits "Today,the cryptocurrency is in a sideways trend, there is no significant price movement [and] the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 32 which indicates that the market is oversold suggesting bulls to take control of the market "

FXStreet Analysis

View: sideways

sideways

Tanya Abrosimova of FXStreet illuminates "ETH/USD is trapped in a narrow range [and] ETH/USD bears will hardly meet any hurdles on their way to $315 with Pivot Point one week Support 3 right below this level"

Ethereum $ETH Forecast

on Saturday August 11 2018 14:34 UTC

sidewayssidewayssideways

The crypto pundits say: “sideways/sideways/sideways/”.

All three experts were calling for a sideways trend but the shorter term direction posted after their analyses saw $ETH crash -14.66% overnight. OKEx reports $ETH/USD at $307.3644 down -14.61%.

KittyBitcoin Analysis

View: bullish

bullish

The current downtrend began on July 27. A Binance RSI of 21.90 suggests $ETH is now oversold which may signal a trend change to the upside. The MACD at -0.08 on the hourly chart is signaling selling pressure is easing and near the transition point to buying pressure. KittyBitcoin’s short term view is: bullish.


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author does not hold Ethereum $ETH at the time of writing.

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