Ethereum Price Analysis – 23/09/2019

Ethereum price after the fluctuations in the range of approximately $165-$185 in the beginning of the month broke the upper border of the diapason on the 14th of September and experienced a strong increase crossing the level of $220 on the 19th of September. However, the price didn’t manage to grow further and entered a decrease stage. Currently, it is fluctuating above $205 level.

Bullish scenario: The $225 level is still the basic target of buyers. On a global scale, bulls are interested in the $250-$270 zone. The $270 level is an extremely significant for ETH price. If broken, the price is likely to open horizons for new highs, deciding the fate of Ethereum.
Bearish scenario: Bears are interested to test the $200 level and in case of this scenario the area of $185-160.
Neutral scenario: Further fluctuations near the control price of the $200-$225 area are expected.