Prediction of the daily prices of Ethereum (ETH) – 2 October

AndTH / USD Medium-term trend: variable

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

Yesterday, October 1, the price of Ethereum was in a lateral trend. The ETH price fluctuates and moves horizontally above the $ 200 level. The market is quiet because there has not been a significant price movement. Bulls and bears seem to stop as price bars and moving averages move in a horizontal pattern. The commercial recommendation is not necessary as price action is very discontinuous.

However, the MACD line and the signal line are above the zero line indicating a purchase signal. In addition, the price of Ethereum is neither higher nor lower than the 12-day EMA and 26-day EMA, indicating that a sideways trend is under way. The period 14 of the relative resistance index is the level 52 which indicates that the price is in the lateral trend zone.

Short-term trend ETH / USD: variable

In the 1 hour chart, the price of Ethereum is in a lateral trend. The ETH price also moves horizontally with price bars. The price of Ethereum is neither higher nor lower than the 12-day EMA and 26-day EMA, indicating that a sideways trend is under way. The MACD line and the signal line are below the zero line indicating a sales signal.

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