Advertisement
AD

Main navigation

Ethereum (ETH) Price Analysis for October 10

Advertisement
Mon, 10/10/2022 - 16:06
Ethereum (ETH) Price Analysis for October 10
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The new week has started with ongoing bearish pressure as most of the coins keep trading in the red zone.

Advertisement

Top coins by CoinMarketCap

ETH/USD

The rate of Ethereum (ETH) has declined by 0.80% over the last 24 hours.

ETH/USD chart by TradingView

On the local chart, Ethereum (ETH) is located in the middle of the channel, which means that one should not expect sharp moves until the end of the day. However, if the rise continues to the resistance level at $1,320, bulls have a chance to seize the initiative.

ETH/USD chart by TradingView

On the daily time frame, the situation remains unclear as none of the sides is dominating at the moment. Such a statement is also confirmed by the low volatility, which means that the more likely scenario is sideways trading in the range of $1,300-$1,350.

ETH/USD chart by TradingView

The situation is also the same on the weekly chart, where the volume keeps going down. All in all, traders should not expect a rise or fall this week as Ethereum (ETH) has not decided yet which way to go.

Ethereum is trading at $1,317 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD