This Ethereum Price Analysis – 20th August 2020, is hosted by BNC’s Josh Olszewicz and finds technicals are bullish for the ETH/USD pair based on current trend metrics, as the spot price is currently above both the 200-day EMA and the daily Cloud. Over the next few months, a target of US$750 is likely based on VPVR, yearly pivots, and a newly established bullish pitchfork.
Technicals for the ETH/BTC pair are neutral to bullish based on trend metrics, as the spot price is currently above the 400-day EMA and above the two-day Cloud. In the near term, the spot price will need to cleanly breach resistance and consolidate near the 0.03 BTC level. Overall, this may lead to the first sign of bullish continuation for the pair since ICOs peaked in mid 2018.
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