RATE Group | Ethereum and Stellar’s Lumen Daily Tech Analysis – 23/10/19
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Ethereum and Stellar’s Lumen Daily Tech Analysis – 23/10/19

23 Oct Ethereum and Stellar’s Lumen Daily Tech Analysis – 23/10/19

Posted at 10:57h in Ethereum News by

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Ethereum

Ethereum fell by 1.75% on Tuesday. Following on from a 0.64% decline on Monday, Ethereum ended the day at $171.3.

A relatively bullish start to the day saw Ethereum rise to an early morning intraday high $175.4 before hitting reverse.

Falling short of the first major resistance level at $177.76, Ethereum slid to a late intraday low $170.47.

The sell-off saw Ethereum fall through the first major support level at $171.21 before finding support.

Finding support at the day end, Ethereum managed to break back through the first major support level.

The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.

At the time of writing, Ethereum was down by 2.53% to $166.96. A particularly bearish start to the day saw Ethereum fall from an early morning high $171.48 to a low $164.10.

Falling short of the major resistance levels,…

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