RATE Group | Ethereum Technical Analysis – October 23, 2019
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Ethereum Technical Analysis – October 23, 2019

23 Oct Ethereum Technical Analysis – October 23, 2019

Posted at 22:11h in Ethereum News by

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October 23, 2019

Ethereum slips down against the US Dollar (USD) on Wednesday, decreasing the price to less than 158.0, following some major economic releases. The technical bias might remain bearish because the price marked a higher low in the recent upside move. 

Ethereum Technical Analysis

As of this writing, the digital currency is being traded around 157.1, a support is likely to come across around 125.7, the trend line support ahead of 112.8, another trend line support which is anticipated to support the price preventing it from falling below the said level and then 195.1, the major horizontal support as shown in the graph below. 

Ethereum

Coming towards the upside, the price may observe a resistance around 181.3, the…

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