Prediction of daily prices of Ethereum (ETH) – 17 October

AndTH / USD Medium-term trend: variable

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

Yesterday, October 16, the price of Ethereum was in a lateral trend. There have been no significant price movements in the last 24 hours. Digital currency horizontally fluctuates with exponential moving averages (EMA). The price of the crypt is fluctuating above the $ 200 level, which is the main support level.

As the market is in a movement with a range of action, there is the possibility of an imminent price breakout. However, trading is not recommended as the market is consolidating due to a possible change in market trends. Meanwhile, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of Ethereum is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.

Short-term trend ETH / USD: variable

On the 1 hour chart, the price of Ethereum is in a lateral trend. The digital currency is in the uptrend zone as the price is expected to rise. The price of the crypt is higher than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.

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