Latest Ethereum price and analysis (ETH to USD)

At the time of writing, Ethereum (ETH) is trading at around $193 following a 4% gain in price over the last 24 hours.

As mentioned last week, Ethereum was in a clear consolidation downtrend towards the end of October after making a number of lower highs since mid-July when the coin suffered a massive drop.

However, the altcoin downtrend seems to have reversed since the pump two weeks ago that caused Bitcoin’s price to rise 40%.

Will ETH continue to recover to above $200? Or will it plunge back towards $160 and below?

Let’s take a look at the chart for Ethereum.

Over the course of September, Ethereum was seemingly well on the road to recovery following a tough summer, with price finally rising above all three of its EMAs for a brief moment in the middle of the month.

However, accompanying the wider market downturn towards the end of the month, ETH came crashing back down. It has since been attempting to consolidate and recover, but up until the end of October it was struggling to hold…