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- Ethereum's short-term target is $ 300, while $ 400 seems to be within reach in the second half of the year.
- If the bulls manage to defend this support ($ 280), it will confirm the bullish momentum.
The Ethereum bulls intend to raise the price to new heights in 2019. Their short-term goal is $ 300, while $ 400 seems to be within reach of the second half of the year. The recently corrected price of the support area at $ 260 – $ 262 and exceeded the resistance at $ 270. Exchanges above the simple moving average (SMA) and the simple moving average (50) have multiplied, causing prices to rise sharply.
ETH / USD stopped after peaking at 288.15 USD during Asian trading hours on Thursday before consolidating above 280 USD. Intra-day charts show that Ethereum jumped 4.7% on the day. In addition, there is a bullish momentum above support at $ 280.
On the upside, the first resistance is $ 285 (resistance congestion zone). The second hurdle is 287.5 USD (Resistance Congestion Zone), while 290 USD is the third resistance zone. With respect to the Relative Strength Index (RSI), we see in Ethereum having reached the overbought levels earlier today as a bearish indicator.
The rejection of RSI by the region shows that Ethereum declines below USD 280 are probably unstoppable for future sessions today. However, if the bulls manage to defend this support ($ 280), this will confirm the bullish momentum and the upward trend above the trend line and the moving average allowing $ 300 to be a short-term possibility.
Chart ETH / USD 15 & # 39;
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