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Thread: Ethereum (ETH) Daily Price Forecast – October 25

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    Ethereum (ETH) Daily Price Forecast – October 25

    ETH/USD Medium-term Trend: Ranging

    Resistance Levels: $240, $260, $280
    Support Levels: $200, $180, $160

    Yesterday, October 24, the ETH/USD pair was in a sideways trend. Yesterday, the crypto’s price reached a high of $208. The digital currency was resisted at a price of $207 and price fell to the low of $203.58. The crypto now fluctuates above the $200 price level between the levels of $203 and $207.

    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 below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. As price is in the bearish trend zone, the bears may have upper hand above the bulls.


    ETH/USD Short-term Trend: Bearish

    On the 1-hour chart, the price of Ethereum is in a bearish trend. The digital currency fell to the low of $203 and it commenced a bullish movement.

    The bulls resisted the bears from breaking the major support level.The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The MACD line and the signal line are below the zero line which indicates a sell 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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    Because the forex market is so enormous, it is also extremely liquid. This is an advantage because it means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will as there will usually be someone in the market willing to take the other side of your trade.


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