RATE Group | Ethereum Price Trend Reflects Optimism; Stability Above $190 Likely to Trigger Further R…
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Ethereum Price Trend Reflects Optimism; Stability Above $190 Likely to Trigger Further R…

06 Nov Ethereum Price Trend Reflects Optimism; Stability Above $190 Likely to Trigger Further R…

Posted at 07:40h in Ethereum News by

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Ethereum

 

  • Ethereum struck a strong rebound today; recently crossed barrier above $190
  • ETH tested the support level near $188 after correcting down
  • Yesterday’s price jump of more than 3% played an important role in the current bullish impact
  • The technical picture appears bullish as the coin heads upwards

Ethereum is on a mild yet steady bullish spree since 4th November and yesterday’s price surge has come across as a masterstroke as it uplifted the coin above $190, finally. However, it was followed by a pullback on the same day. Today, the coin has again started an uptrend against U.S.Dollar.

Ethereum Price Prediction

Yesterday morning price moves of ETH coin were slightly bullish as it traced a dip near $183 after it opened above $185. The coin found decent support there to surge as high as $190.25 with an increase of 3.91%. Here, it traced a higher high pattern hinting the bullish momentum. 

ETH price has corrected down a bit from there as it hit the closing price at $188.81. Seeing support…

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