{"id":5699,"date":"2017-12-18T11:20:26","date_gmt":"2017-12-18T11:20:26","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=5699"},"modified":"2017-12-18T11:20:26","modified_gmt":"2017-12-18T11:20:26","slug":"eth-btc-forecast-ethereum-break-vs-bitcoin","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/eth-btc-forecast-ethereum-break-vs-bitcoin\/","title":{"rendered":"ETH\/BTC Forecast: Ethereum To Break This Vs Bitcoin?"},"content":{"rendered":"<p><em>Ethereum price is slowly moving higher against bitcoin. ETH\/BTC is attempting an upside break above 0.0390BTC to gain bullish traction.<\/em><\/p>\n<p><strong>Key Talking Points<\/strong><\/p>\n<ul>\n<li>Ethereum price made a sharp U-turn after trading as high as 0.0460BTC against the bitcoin.<\/li>\n<li>There is currently a contracting triangle pattern forming with support at 0.0350BTC on the hourly chart of the ETH\/BTC pair (data feed from Poloniex).<\/li>\n<li>The pair is currently attempting an upside break, but it is facing a major resistance near 0.0390BTC.<\/li>\n<\/ul>\n<h2>Ethereum Price Chart Analysis<\/h2>\n<p>After a major upside run, Ethereum price faced sellers near the 0.0460BTC resistance against bitcoin. The price started a downside move and traded below the 0.0400BTC and 0.0380BTC support levels.<\/p>\n<p>There was a break below the 50% Fib retracement level of the last wave from the 0.0270BTC low to 0.0460BTC high. However, the 100 hourly simple moving average and the 0.0350BTC support protected further declines.<\/p>\n<figure id=\"attachment_5700\" aria-describedby=\"caption-attachment-5700\" style=\"width: 1824px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Ethereum_Price_Chart_ETH_BTC-4.png\"><img decoding=\"async\" class=\"wp-image-5700 size-full\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Ethereum_Price_Chart_ETH_BTC-4.png\" alt=\"ethereum price chart\" width=\"1824\" height=\"931\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Ethereum_Price_Chart_ETH_BTC-4.png 1824w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Ethereum_Price_Chart_ETH_BTC-4-770x393.png 770w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Ethereum_Price_Chart_ETH_BTC-4-1536x784.png 1536w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Ethereum_Price_Chart_ETH_BTC-4-293x150.png 293w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Ethereum_Price_Chart_ETH_BTC-4-300x153.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2017\/12\/Ethereum_Price_Chart_ETH_BTC-4-1024x523.png 1024w\" sizes=\"(max-width: 1824px) 100vw, 1824px\" \/><\/a><figcaption id=\"caption-attachment-5700\" class=\"wp-caption-text\"><a href=\"https:\/\/ethereumworldnews.com\/litecoin-price-analysis-ltc-usd-grinding-higher\/\">Cryptocurrency charts and prices provided<\/a> by TradingView<\/figcaption><\/figure>\n<p>Moreover, the 61.8% Fib retracement level of the last wave from the 0.0270BTC low to 0.0460BTC high also acted as a decent support. At present, the price is recovering, but it is facing a major resistance near 0.0390BTC and 0.0400BTC.<\/p>\n<p>It seems like there is a contracting triangle pattern forming with support at 0.0350BTC on the hourly chart of the ETH\/BTC pair. The pair is moving higher and once it breaks the triangle resistance at 0.0390BTC and closes above the 100 hourly SMA, it could gain bullish momentum.<\/p>\n<p>Above 0.0400BTC, the pair could easily move toward the last swing high of 0.0460BTC. However, there are even possibilities of it moving toward the 0.0500BTC level as well.<\/p>\n<p>On the flip side, if ETH\/BTC fails to move above 0.0390BTC, it will most likely test the triangle support at 0.0350BTC. Any further declines could be a game changer for Ethereum in the short term as the price could decline back toward 0.0300BTC.<\/p>\n<p>To sum up, ETH\/BTC may soon make the next move either above 0.0390BTC or below 0.0350BTC in the near term.<\/p>\n<p><em>Trade safe traders and do not overtrade!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is slowly moving higher against bitcoin. ETH\/BTC is attempting an upside break above 0.0390BTC to gain bullish traction. Key Talking Points Ethereum price made a sharp U-turn after trading as high as 0.0460BTC against the bitcoin. There is currently a contracting triangle pattern forming with support at 0.0350BTC on the hourly chart of the ETH\/BTC pair (data feed from Poloniex). The pair is currently attempting an upside break, but it is facing a major resistance near 0.0390BTC. Ethereum [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":5700,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[823],"tags":[188,1322,111],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/5699"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=5699"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/5699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/5700"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=5699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=5699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=5699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}