The Price Remains Calm as Ethereum is Looking Positive

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Price movement on Ethereum is likely to exceed its buying limit by more than 10% this week as long as the market remains quiet. The price action has been recovering ground since last week’s events.

Due to the lack of big events this week, the Ethereum is now quiet and poised to focus on fresh increases as the economic data calendar has minimal influence. Another noteworthy issue will be the announcement of Netflix’s earnings, which may accelerate the market’s pace.

Key Ethereum Levels to Watch-October 18

The buyers are currently creating more gains in the market as the crypto market remains quiet. There is a high tendency for the buying strength to increase back to the $1416.800 key zone if price volatility increases.

Ethereum Looking Positive as Price Remains Calm
ETHUSD- Daily Chart on Bitstamp. Source: Tradingview.

The Chaikin Money Flow Index shows price buying strength getting stronger in the market. The buyers are more likely to be active for a while in the ETH market.

The Stochastic Oscillator is still raging upward as buyers continue to increase their gains before the crypto market eventually reaches its buying climax.

Ethereum Key Levels

Resistance Levels: $1998.80, $1788.60
Support Levels: $1416.80, $1239.00

Total Market Capitalization: $162B
Ethereum Market Capitalization: $162B
Ethereum Volume: $9B
Market Rank: #2

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.