Ethereum (ETH) Daily Price Forecast – October 4

[Cryptoglobe]

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 3, the price of Ethereum was in a bearish trend. The ETH price fell from the high of $230.11 to the low of $ 217.32 and commenced a bullish movement. The $200 price level is the major support level of Ethereum, therefore traders should initiate long trades at this level in anticipation of a bullish trend.
The ETH price is expected to reach and break the resistance at $240.

The price of Ethereum is trading at $225.57 as at the time of writing. 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 above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend zone.


ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates an a buy 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.
Top of Form


Source: www.bitcoinexchangeguide.com

[Baz Dent]

We want to invest money but not time. Spend your time in market strategy innovation because these two qualities will help you earn success in trading. As a scalper, FXOpulence provides all necessary supports to me with their advanced and reliable technology. They offer multiple trading accounts.

[Uncle Gober]

Success is not something that can be achieved instantly and easily. Therefore, it is advisable to learn how it works before engaging in trading. This way, you can be better prepared to engage in forex trading optimally with Tickmill as your broker.