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Thread: Ethereum (ETH) Daily Price Forecast – October 4

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    Ethereum (ETH) Daily Price Forecast – October 4

    ETH/USD Medium-term Trend: Ranging

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

    Yesterday, October 3, the price of Ethereum was in a bearish trend. The ETH price fell from the high of $230.11 to the low of $ 217.32 and commenced a bullish movement. The $200 price level is the major support level of Ethereum, therefore traders should initiate long trades at this level in anticipation of a bullish trend.

    The ETH price is expected to reach and break the resistance at $240. The price of Ethereum is trading at $225.57 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend zone.


    ETH/USD Short-term Trend: Bullish

    On the 1-hour chart, the price of Ethereum is in a bullish trend. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates an a buy signal.


    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: www.bitcoinexchangeguide.com


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    I will go with LMFX, because it is having its own education system for trading. And also news web page for checking news on. So I do not need to look for so many websites for my trading.


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