Ethereum/USD Price Analysis Oct. 3

[Nikko]

Ethereum has been trading between $200 and $250 since Sept. 14. The moving averages have flattened out which shows a balance between the buyers and the sellers.

The 50-day SMA is a critical overhead resistance that hasn’t been scaled since May 24. A break out of this level will be the first indication of the start of a new uptrend that will pick up momentum on a close (UTC time frame) above $322.57.

On the downside, if the bears force the price below $200, the ETH/USD pair can retest the recent low of $167.32. We shall wait for buying to resume before recommending any long positions on it.

Cointelegraph

[Ozark]

So, what would be your recommendation, is it good to buy now or wait for more time?

[Crypto]

The story isn’t much different for Ethereum. It continues to trade inside a tight range of $200–$250.



The 20-day EMA is flat and the 50-day SMA is also turning flat. The RSI is close to the midpoint. Hence, indicators don’t give any insight on which way the price will escape.

A break out of $250 will indicate the formation of a probable 1-2-3 bottom, attracting aggressive buyers. The first target on the upside is $300, above which the bulls will again try to break out of $322.57.

On the downside, a break of $200 will sink the ETH/USD pair to the Sept. 12 low of  $167.32, below which the selling will intensify. Traders should wait for a reliable buy setup to form before initiating any long positions.

Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-8

[CebuBitcoin]

Ethereum continues to trade close to the midpoint of the $200–$250 range. There haven’t been any noticeable attempts either by the bulls or the bears to break out of the range.

The longer the ETH/USD pair remains in the range, the stronger will be the eventual breakout. It is difficult to predict the direction of the next move. Therefore, traders should wait for the price to break out and close (UTC time frame) above $250 before attempting to enter any long positions. On the downside, the pair will retest the lows if the bears break down of $200.

Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-10

[bountyecrire]

Going down today, i hope ether can recover from here and go up to $300 zone. Come on ether!