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#Ethereum Price Analysis

Ethereum Price Weekly Analysis: ETH/USD in Pressure.

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Ethereum price is generally exchanging a range. ETH/USD could gradually ascend towards the $290 level with extending moves.

Ethereum Price Key Features

  • Ethereum price is under a great deal of bearish weight underneath the $430 and $410 levels against the US Dollar.
  • There are two bearish pattern lines set up with resistance at $432 and $412 on the 4-hour chart of ETH/USD (information feed by means of Kraken).
  • The combine needs to settle above $432 and the 100 SMA (4-hours) to move in a positive zone.

Ethereum price is exchanging with bearish moves versus the US Dollar and Bitcoin. ETH/USD is confronting significant obstacles close $732 for a recuperation in the close term.

Ethereum Price Resistances

This previous week, there were, for the most part, bearish moves beneath $440 in Ethereum price against the US Dollar. The ETH/USD combine declined and broke the $430 and $423 support levels. It moved into a bearish zone beneath $430 and settled underneath the 100 basic moving normal (4-hours). The decay was with the end goal that ethereum price even broke the $400 level and shaped a new low at $397.

Afterwards, Ethereum price began solidifying around the $400 level. It tried the 23.6% lie retracement level of the last decrease from the $483 high to $397 low. Notwithstanding, ETH purchasers neglected to pick up footing over the $417 level, and Ethereum price declined indeed. Right now, the price is exchanging a range above $400. On the upside, there are two bearish pattern lines set up with resistance at $432 and $412 on the 4-hour chart of ETH/USD. The second bearish pattern line harmonizes with the 38.2% lie retracement level of the last decrease from the $483 high to $397 low. A moderate resistance is close to the $423 level (the past support).

ETHUSD Weekly Price Chart

ETHUSD Weekly Price Chart

The above chart demonstrates that Ethereum price is confronting a tough assignment close to the $432 level. A break above $432, slant lines, and the 100 SMA is required for an OK recuperation in Ethereum.

4-hours MACD – The MACD is gradually moving in the bullish zone.

4-hours RSI – The RSI is as of now just underneath the 40 level.

Significant Support Level – $397

Significant Resistance Level – $432

#Ethereum

ETH Daily Trading Signals: 16 October

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Dominant bias for ETHEREUM (ETH) – Ranging

Resistance Levels – $230, $240, $250

Support Levels – $180, $170. $160

 

Ethereum is in a range-bound market in its medium-term outlook. The bullish pressure from $189.00 in the support area after the bullish railroad of 12th October has progressively pushed the cryptocurrency up initially to $203.70 and finally to $242.62 in the resistance area. The lack of momentum for continued upward movement shed almost 50% of the initial upward price movement as the candle closes with a wick.

 

 

The bearish railroad formation at $221.03 also signal bears returned within the range. The relative strength index is at 68% and its signal points down which implies downward momentum.

ETH is in consolidation and trading between $239.98 in the upper supply area and at $189.43 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur traders should wait for this to occur before taking a position.

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#Ethereum

ETH Long Term Trading Signals: 15 October

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ETH had been in a ranging scenario in its long-term outlook for some weeks now. Since 5th September that the bears broke the critical price at $240 per ETH

Bias for ETHEREUM (ETH) – Ranging

Resistance Levels – $250, $270, $290

Support Levels – $160, $150. $140

ETH had been in a ranging scenario in its long-term outlook for some weeks now. Since 5th September that the bears broke the critical price at $240.00 with a large engulfing candle, the cryptocurrency had not made an appreciable movement either to the north or south.

 

ETH LT CHART 15 Oct

ETH LT CHART 15 Oct

 

Price is below the 34 EMA an indication to strong bearish pressure within the range. The bearish marubozu candle at $226.70 on 11th October was bears’ determination to continue the journey south but this was rejected as bulls gradually stage a comeback.

The cryptocurrency is ranging and trading between $240.00 in the upper supply area and at 180.00 in the lower demand area of the range. The days ahead may provide a clear picture with either a breakout at the upper supply area or breakdown at the lower demand.

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#Ethereum Price Analysis

ETH will rise or fall? Ethereum Price Analysis 14 Oct

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Ethereum price is confronting numerous boundaries. ETH/USD stays at a danger of more misfortunes as long as it is beneath $212.

Ethereum Price Key Features

  • Ethereum price declined vigorously and exchanged as low as $184.5 against the US Dollar.
  • There are two imperative bearish pattern lines set up with resistance at $208 and $218 on the 4-hours diagram of ETH/USD (information feed through Kraken).
  • The pair may revise higher, however there are numerous obstacles close $207 and $212 on the upside.

Ethereum price is confronting numerous boundaries versus the US Dollar and Bitcoin. ETH/USD stays at a danger of more misfortunes as long as it is beneath $212.

 

Ethereum Price Analysis

This previous week, there was a sharp drawback move from the $234 resistance zone in ETH price against the US Dollar. The ETH/USD pair tumbled and broke the $206 and $200 bolster levels. It tried the $184-185 help and shaped a low at $184.5. The price later began an upside adjustment above $190, however it is still path beneath the 100 straightforward moving normal (4-hours).

It has moved over the 23.6% Lie retracement level of the last decay from the $230 high to $184 low. Be that as it may, there are numerous resistances on the upside close to the $206, $207, $208 and $212 levels. There are likewise two essential bearish pattern lines set up with resistance at $208 and $218 on the 4-hours graph of ETH/USD. Beneath the principal slant line, the half Lie retracement level of the last decay from the $230 high to $184 low is at $207. Around the pattern line and the $207 resistance, the 100 SMA is likewise situated. Hence, it won’t be simple for purchasers to clear the $207 resistance and the 100 SMA.

 

ETHUSD Price Chart 14 October

ETHUSD Price Chart 14 October

 

The above graph demonstrates that Ethereum price is confronting a lot of obstacles on the upside beneath $212. A legitimate close above $207 and $212 may drive the price in a positive zone. On the drawback, the $190 and $184 levels are not too bad backings.

4-hours MACD – The MACD is gradually moving in the bullish zone.

4-hours RSI – The RSI is as of now close to the 40 level.

Significant Support Level – $190

Significant Resistance Level – $207

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