RATE Group | Ethereum and Stellar’s Lumen Daily Tech Analysis – 30/10/19
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Ethereum and Stellar’s Lumen Daily Tech Analysis – 30/10/19

30 Oct Ethereum and Stellar’s Lumen Daily Tech Analysis – 30/10/19

Posted at 07:54h in Ethereum News by

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Ethereum

Ethereum rallied by 4.98% on Tuesday. Reversing a 1.25% fall from Monday, Ethereum ended the day at $191.1.

Bullish through the day, Ethereum rallied from an early morning intraday low $181.72 to a late morning high $189.19.

Steering clear of the major support levels, Ethereum broke through the first major resistance level at $187.68.

A pullback to sub-$185 levels was short-lived, with a late rally seeing Ethereum strike an intraday high $193.41.

Breaking back through the first major resistance level, Ethereum came up against the second major resistance level at $193.34 before easing back.

It was Ethereum’s first hold onto $190 levels since 10th October.

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 down by 0.21% to $190.69. A bearish start to the day saw Ethereum…

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