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.

ethereum price daily chart 9/10/19

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 price h4 chart 9/10/19

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…

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