Author Topic: Ethereum (ETH) Daily Price Forecast – October 25  (Read 429 times)

Offline BitcoinExchangeGuide

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Ethereum (ETH) Daily Price Forecast – October 25
« on: October 25, 2018, 12:14:30 PM »
ETH/USD Medium-term Trend: Ranging

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

Yesterday, October 24, the ETH/USD pair was in a sideways trend.  Yesterday, the crypto’s price reached a high of $208.  The digital currency was resisted at a price of $207 and price fell to the low of $203. 58.  The crypto now fluctuates above the $200 price level between the levels of $203 and $207.

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.  As price is in the bearish trend zone, the bears may have upper hand above the bulls.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend.  The digital currency fell to the low of $203 and it commenced a bullish movement. 

The bulls resisted the bears from breaking the major support level. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling.  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.

Source: www. bitcoinexchangeguide. com

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Ethereum (ETH) Daily Price Forecast – October 25
« on: October 25, 2018, 12:14:30 PM »

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