RATE Group | Ethereum (ETH) Grinding Higher, Bitcoin Could Revisit $10K
66745
post-template-default,single,single-post,postid-66745,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum (ETH) Grinding Higher, Bitcoin Could Revisit $10K

28 Oct Ethereum (ETH) Grinding Higher, Bitcoin Could Revisit $10K

Posted at 03:53h in Bitcoin News by

[ad_1]

  • Ethereum price is showing positive signs above the $175 and $180 levels against the US Dollar.
  • Bitcoin price is climbing higher and it is likely to revisit the key $10,000 resistance area.
  • There is a rising channel forming with support near $183 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to continue higher and it break the $190 and $192 resistance levels in the near term.

Ethereum price is grinding higher with positive signs versus the US Dollar, while bitcoin is approaching $10,000. ETH price must break $190 to climb towards $200.

Ethereum Price Analysis

In the past few days, there was a sharp rally in Ethereum above the $175 and $180 resistance levels. Later, there was a downside correction, but the price remained well bid above $175 and the 100 hourly simple moving average.

Similarly, bitcoin price rallied above the $10,000 level and recently corrected lower. However, BTC also found support and it is climbing higher again towards the main $10,000…

[ad_2]

Source link

Tags:
, , , , , ,