Ethereum Price Prediction: ETH/USD Climbs by 6.78%; Price Reaches $394 mark

ETH Price Prediction – September 17

As ETH/USD gets ready for the upside, the coin is technically and fundamentally ready for a spike above $400 and $420 respectively.

ETH/USD Market

Key Levels:

Resistance levels: $450, $470, $490

Support levels: $315, $295, $275

ETHUSD – Daily Chart

ETH/USD is seen penetrating above the 9-day and 21-day moving averages within the ascending channel. The second-largest cryptocurrency might kick-start another bullish run back above $400 if the market price remains above the moving averages. Meanwhile, the break above this resistance is the first signal needed for a bullish to press higher. Nevertheless, ETH/USD has to break beyond $400 before hitting $430 and beyond.

What to Expect from Litecoin (LTC)

Looking ahead, if the buyers continue to grind higher, the first level of resistance may be located at $410 as this could also be followed by $430. However, additional resistance may also be found at $450, $470, and $490 respectively. On the other side, if the market price moves below the 9-day and 21-day moving averages, the first level of support lies at $350.

Beneath this, crossing below the lower boundary of the channel may lead to the critical support levels at $315, $295, and $275. The technical indicator RSI (14) poked itself above the 50-level, which indicates the buyers are attempting to gain control of the market momentum and this, could also mean that another signal of ETH could be pushing back above $400 soon.

Against Bitcoin, the daily chart shows that Ethereum’s price is trading well in a strong uptrend around the 3556 SAT. As soon as the price is above the 3600 SAT, there is a possibility that additional benefits will be obtained in the long term. The next resistance key above this level is close to the 3700 SAT level. If the price keeps rising, it could even break the 3800 SAT and above in future sessions.

ETHBTC – Daily Chart

However, if the bears regroup and move below the lower boundary of the channel, 3400 SAT and 3200 SAT supports may play out before rolling to the critical support at 3100 SAT and below. The RSI (14) is moving above the 50-level, suggesting more bullish signals.