Bitcoin Forum

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $180, $160, $140

Last month of September, the price of Ethereum had been on a range bound movement. In September, Ethereum had an opening balance of $282.80 but fell to the low of $196.60. Later it commenced a range bound movement all through the month to close at a price of $228.62. In the month of October, Ethereum was in a range bound movement for ten days before the bearish trend.

Ethereum is currently trading at $199.78 as at the time of writing. Price is expected to rise as the digital currency has reached the oversold region.

Meanwhile, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 34 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.

Well its been trading above $200 so I think we may see some study gains until we have another psychological barrier in front of us. Last couple of days is good for cryptos as most of the coins relatively stay on the green but its really hard to maintain its growth because the game has change. I'm seeing a strong resistance going to $210-$220 for Ethereum and it can go further to $180 if the bears take over again.

I hold all my ETH,I think it'll be 1k $ soon.

Support's level too damn low. I'm losing my patience now and regret that I bought it around $400 and never sold when its up by $500.

I aim for that but I guess we have to wait longer.

I used to hold ETH, and it turned out to be a good idea, but I knew when to jump shit as well. I've been buying and selling it on some of the more obvious swings, but it's been a rather bearish market all-together for crypto for a few months now. I can't suggest buying in just yet, and I also can't advocate for holding it, because it's not something I'm doing myself.

That being said, this would be more belonging in another section of the forum. Please move your thread by using "Move Thread" at the bottom left of the thread. The marketplace is for buying and selling goods for cryptocurrency. Economics, Speculation or some Alt-Coin board would be better served for this topic.

Well I jump ship around April-May and I'm happy I made that decision because after that Ethereum really went on the downward spiral and hasn't recovered so its really hard to enter at this point, not enough money to make even if you short it unless you really buying huge amount.

@jossiel - yeah, you really need to a lot of mental toughness at this point. No need to dump at this point because obviously you don't want to suffer a lost here.

it looks like the market remains unstable and there is no fundamental reason to trigger a bull run. I also believe that ethereum stays in the $200 - $300 area until the end of this year.

Almost everyone loses capital after a sharp drop in the market, as we have seen, our long-term holdings are causing our capital to fall sharply, there may be no opportunity for ETH or BTC prices to rise. Strong breed at the beginning of 2017, so please sell if they are at the level you think is the most reasonable. That is my sincere advice.

Will hardfork ethereum in November affect the ethereum price? reportedly ethereum will run hardfork constantinopel, if this can have an impact on price I feel good to see and follow, buy and hold is better, than you sell :)

It won't. consider about there will be a little decrease on the block reward of ethereum. that means there will be a lot of people will not try to rush it. Until it will move to the POS system and i will predict the price of ether will be so stable even after the constantinopel update.

If you observe all the stocks and crypto markets, all of these are experiencing a very great decline, and Ether was also affected at the end of last year Ether reached 1300 $ and this is very unusual. I believe this is a time of saturation and tomorrow we are waiting for me to be sure to go back up

This is too small a price for this giant ! I do not advise to sell it at this price. When he hit this target it will mean that the price will rise even much higher !

ETH will be difficult to rebound above $ 250 until the fork finishes in November.
I think ETH will adjust its price and increase again in 2019.
At present it is best to hold and buy at lower prices as ETH continues to fall.