Ethereum ETH) Current Statistics
The current price: $1,564.64
Market Capitalization: $188,155,506,487
Trading Volume: $5,037,976,221
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000
Ethereum (ETH) Price Analysis October 18, 2023
Ethereum’s (ETH) price has moved back into the bearish trend zone as sellers try to increase their pressure. The altcoin has just rallied and broken above the moving average lines. The bullish momentum hit a high of $1,656 before being resisted.
On the plus side, the extended candlestick’s wick on October 16 signals vigorous bear selling. Moving average lines retrain the rising movement on the upswing. Ether is currently trading at a low of $1,542.30. Ether is projected to fall further to $1,503.
ETH/USD is currently trading above the $1,500 support but below the $1,600 resistance.
ETH Technical Indicators Reading
On October 16, Ether is in a bearish trend zone due to price bar rejection at moving average lines. As the Doji candlesticks resurface, the moving average lines become horizontal. The price consolidation enhances the altcoin’s chances of moving sideways.
It may also result in a rebound and breakdown.
Conclusion
Ethereum is consolidating above the $1,500 support level as sellers try to increase their pressure. The consolidation implies that traders are thinking about the crypto’s next move. However, the price indicator indicates that the market will continue to fall to the prior low.
You can purchase crypto coins here. Buy LBLOCK
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.