RATE Group | Ethereum and Stellar’s Lumen Daily Tech Analysis – 28/10/19
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Ethereum and Stellar’s Lumen Daily Tech Analysis – 28/10/19

28 Oct Ethereum and Stellar’s Lumen Daily Tech Analysis – 28/10/19

Posted at 20:01h in Ethereum News by

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Ethereum

Ethereum rose by 2.44% on Sunday. Reversing a 0.90% fall from Saturday, Ethereum ended the week up 5.08% at $184.41.

A mixed start to the day saw Ethereum fall to an early morning intraday low $176.84 before making a move.

Steering clear of the first major support level at $169.43, Ethereum rallied to an early evening intraday high $189.18.

Falling short of the first major resistance level at $195.07, Ethereum eased back to $183 levels before closing out the day at $184.

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 up by 0.34% to $185.03. A choppy start to the day saw Ethereum rose to an early morning high $190 before falling to a low $183.15.

While steering clear of the major support levels, Ethereum came up against the first major resistance level at $190.11.

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