RATE Group | Ethereum (ETH) Daily Price Forecast – October 9
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Ethereum (ETH) Daily Price Forecast – October 9

09 Oct Ethereum (ETH) Daily Price Forecast – October 9

Posted at 07:38h in Ethereum News by

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ETH/USD Medium-term Trend: Bullish

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 8, the price of Ethereum was in a bullish trend. The digital currency had a marginal price movement. The bears erased the marginal price increase. The purported bullish movement was resisted and price fell to its previous level at $229. Later it commenced a range bound movement.

If the bears continued its bearish movement, the digital currency will fall to the critical price level at $200. Meanwhile, the MACD indicator indicates that price is in the bullish trend zone. The MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The ETH price is ranging above the $220 price level after its fall from…

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