RATE Group | Ethereum and Stellar’s Lumen Daily Tech Analysis – 24/10/19
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Ethereum and Stellar’s Lumen Daily Tech Analysis – 24/10/19

24 Oct Ethereum and Stellar’s Lumen Daily Tech Analysis – 24/10/19

Posted at 09:25h in Ethereum News by

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Ethereum

Ethereum tumbled by 5.12% on Wednesday. Following on from a 1.75% decline on Tuesday, Ethereum ended the day at $162.49.

A bearish start to the day saw Ethereum fall from an early morning high $171.48 to an early morning low $164.10.

Steering clear of the major resistance levels, Ethereum fell through the first major support level at $169.38 and second major support level at $167.46.

Finding support late in the morning, Ethereum recovered to $167.6 levels before sliding to a late afternoon intraday low $153.0.

The broad-based mid-day crypto sell-off saw Ethereum slide back through the second major support level at $167.46 and third major support level at $162.53.

Through the late part of the day, a late jump to an intraday high $174.05 was short-lived, with Ethereum sliding back through the major support levels to wrap up the day at $162 levels.

The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current…

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