RATE Group | Ethereum and Stellar’s Lumen Daily Tech Analysis – 15/10/19
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Ethereum and Stellar’s Lumen Daily Tech Analysis – 15/10/19

15 Oct Ethereum and Stellar’s Lumen Daily Tech Analysis – 15/10/19

Posted at 08:35h in Ethereum News by

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Ethereum

Ethereum rose by 3.16% on Monday. Following on from a 6.46% gain from last week, Ethereum ended the day at $186.85.

A bullish start to the day saw Ethereum rise from an early morning intraday low $180.52 to a mid-morning high $184.24.

Steering clear of the major support levels, Ethereum came within range of the first major resistance level at $184.41 before easing back.

The pullback saw Ethereum fall back to an afternoon low $180.9 before rallying to a late afternoon intraday high $187.91.

Ethereum broke through the first major resistance level at $184.41 and second major resistance level at $187.64.

Easing back late in the day, Ethereum slipped to $185 levels before finding support late on to wrap up the day at $186 levels.

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…

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