Ethereum Forecast: Ether Price looks to make gains?
Ether is eyeing an upside break against the US dollar. ETH/USD will need to gain momentum above $1,100.00 to capitalize on the recent recovery. Ether is trading in range above the $1,000.00 level against the US dollar. There is a contracting triangle forming with resistance at $1,100.00 on the 2-hour chart of ETH/USD. ETH/BTC seems to be struggling to hold gains above the 0.0900BTC level. The past few sessions were mostly quiet as there was no major movement in ETH/USD. The pair traded within range, remaining stable above the $1,000.00 support area. On the other hand, ETH/BTC failed to hold ground, moving below the 0.0900BTC support. It seems like the pair is in the third wave of correction, which may well test the 0.08500BTC level. Looking at the 2-hour chart of ETH/USD, there is a contracting triangle forming with resistance at $1,100.00. The last 7-8 candles suggest that the pair is in a consolidation phase and is preparing for the next move. The mentioned $1,100.0...