Ethereum (ETH) Daily Price Forecast – October 23

2018-10-23 11:29

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 22, the ETH/USD pair was in a bearish trend. The bulls have been able to sustain the $200 price level since October 15. Yesterday, the bulls took price to the high of $207.93 and it fell to the low of $205.52 and commenced a range bound movement. The crypto’s price is in the bearish trend zone. However, if the bears break the $200 price level, the digital currency will find support at $191.16.

On the other hand, as the bulls continue their hold above the $200 price level; the digital currency can push to the high of $240. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Ethereum (ETH) на Currencies.ru

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Источник: bitcoinexchangeguide.com

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