Ethereum price (ETH) appears to be taking a breather before attempting to tackle $150 and step up a level as the Constantinople hardfork upgrade looms. 


Ethereum Price: Market Overview

Ethereum price is going through a phase of consolidation after posting fantastic gains over the past week.

1-Hour Chart

Currently, ETH 00 trades ever so slightly above the 20MA and the Bollinger Band indicator has begun to narrow as ETH attempts to enter the upper arm. The 1-hour chart shows the altcoin appears ready to attack the $147 and $149 resistance where ETH recently rejected a number of times.

ETH still rests on the 78.6% fib retracement level from the last move from $119 to $149 and the altcoin remains in good order above $138 and $140.

4-HR Chart

Over the past 4 hrs the Stoch managed a bull cross and is on the verge of exiting…

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Source: https://thebitcoinnews.com/ethereum-price-analysis-ether-takes-a-breather-before-constantinople/