Ethereum price forecast: Rocky road to all-time high
In this article you will learn:
- Which price levels will be in the investors’ sights in the coming trading days
- Why a bullish trend continuation is not inevitable despite an interest rate cut in the US
- Why only a jump to new all-time highs is likely to initiate fresh trend dynamics
Ethereum (ETH) has managed to shake off the stalemate of the past few weeks and has temporarily climbed back toward its August highs. However, the Ether price failed to break above the upper Bollinger Band and is now consolidating back toward the 20-day EMA20 at $4,451 shortly before the key interest rate decision in the US tomorrow, Wednesday. The technical situation is thus becoming increasingly tense and could provide a preliminary decision for the coming trading weeks. These price levels are now relevant for investors in the short and medium term.
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