By Dmitriy Gurkovskiy, Chief Analyst at RoboForex
On Tuesday September 10th, the Ethereum price is trying to resume growth, generally trading around $182.65.
On D1, Ethereum demonstrates the beginning of a pullback upon reaching 76.0% Fibo and forming a convergence. The first goal of the pullback may turn out to be $200.55, and the second one – $231.70. After the completion of the correctional phase, another wave of decline should be expected, breaking through $163.20 and reaching the key level of $100.03. The MACD dynamics suggest a short-term correction and the incomplete state of the uptrend.
On H4, the quotations have broken through the resistance line of the descending channel, tested it from above and started forming ascending dynamics after a bounce. Also, the Stochastic forming a convergence, confirmed the correctional growth.
Ethereum developers are ready to launch an update of the network on October 2nd. As Coindesk reports, it is presumed that somewhere around this date (perhaps a day or two earlier or later) a block…