Ethereum Price Rise Continue upTrend, make some profit buy ETH

 It seems that this reaction of Ether’s price is corresponding to the conference in Shanghai, which took place on September 19. Vitalik Buterin, the co-founder of Ethereum, planned to present a new version of the protocol. The third version of the document will allow Ether to move on to the proof-of-stake algorithm, which was planned to begin in March this year. These new proposals can cause an increase in Ethereum purchase deals.At the moment, the price is stopped near a key level, at an intersection point of a diagonal channel and accumulated volume. However, for a more confident growth it needs to form a turning wave. For that, the downward rebound shouldn’t reach the $12 support line, if it does, the side-way movement will continue. The majority of traders need to support the price at the level of $13. In that case, an upward impulse will likely occur. If the price returns to the level of $12, a turn to decline is most likely attainable at that point.Ether’s price will stop at that mark, if the support remains in the form of large buy orders.