Technical analysis Ethereum ETH/USD - 19.10.2017steemCreated with Sketch.

in ethereum •  6 months ago

Ethereum rates before the Byzantium fork were moving in consolidation. We showed its range in the last analysis. Later the price hit the top and reached the first TP, then completed the purchase scenario testing the upper range of consolidation and re-reached the first expected TP. It was around 350 USD.

1910eth1.png

As we see on the attached picture the price has returned to the scope of consolidation. It seemed that after a major resistance at 315 USD, the price would rise. But that did not happen.
Scenarios are therefore still valid as in the last analysis. We added only another level of support that could be an important place to reverse the downtrend, it's the level of 250 USD.

1910eth2.png

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