Ethereum price achieves the extended targets – Analysis - 24-09-2018

Ethereum price succeeded to achieve our extended target at 250.55 and settles near it, noticing that breaching the price breached the main bearish channel’s resistance, which supports the chances of extending the bullish wave on the short term basis, especially that stochastic shows clear oversold signals.

Therefore, we suggest witnessing more rise in the upcoming sessions, as the next target reaches 270.20, noting that breaking 218.77 will stop the expected bullish bias and push the price to return to the bearish track again.

Expected trading range for today is between 220.00 support and 270.20 resistance

Expected trend for today: Bullish