RATE Group | Ethereum and Stellar’s Lumen Daily Tech Analysis – 22/10/19
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Ethereum and Stellar’s Lumen Daily Tech Analysis – 22/10/19

22 Oct Ethereum and Stellar’s Lumen Daily Tech Analysis – 22/10/19

Posted at 09:09h in Ethereum News by

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Ethereum

Ethereum fell by 0.64% on Monday. Partially reversing a 2% gain from Sunday, Ethereum ended the day at $174.37.

A bearish start to the day saw Ethereum fall to a mid-morning low $173.41 before striking a late morning intraday high $178.

Steering clear of the major support levels, Ethereum came within range of the first major resistance level at $178.49 before hitting reverse.

The reversal saw Ethereum fall to a mid-afternoon intraday low $171.45 before finding support.

Holding above the first major support level at $170.8, Ethereum moved back through to $174 levels to limit the downside.

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 0.33% to $174.94. A mixed start to the day saw Ethereum fall to an early morning low $173.65 before striking a high $175.0.

Ethereum…

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