Ethereum (ETH) Daily Price Forecast – October 4

[analyst100]

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 3, the price of Ethereum was in a bearish trend. The ETH price fell from the high of $230.11 to the low of $ 217.32 and commenced a bullish movement. The $200 price level is the major support level of Ethereum, therefore traders should initiate long trades at this level in anticipation of a bullish trend.

The ETH price is expected to reach and break the resistance at $240. The price of Ethereum is trading at $225.57 as at the time of writing. 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 above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend zone.


ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates an a buy signal.

[bitChipper]

Very minimal volume and interest right now, it seems like alot of the money that left crypto went into this booming pot stock market.

These are good accumulation times though, with little interest and most coins hitting and just bouncing off floors of support I think its safe to buy and hold with confidence that in the horizon we will see another bull market.

bitcoin and ethereum are both around or below their 200-day moving avg which is a good signal to go off of

[GavenJack]

Very minimal volume and interest right now, it seems like alot of the money that left crypto went into this booming pot stock market.

These are good accumulation times though, with little interest and most coins hitting and just bouncing off floors of support I think its safe to buy and hold with confidence that in the horizon we will see another bull market.

bitcoin and ethereum are both around or below their 200-day moving avg which is a good signal to go off of

agree with you! you should not forget that in the nearest future there will come a time of high spending and the traditional autumn jump in prices for cryptocurrency! so it's time to buy coins and wait for the Christmas holidays!

[carter34]

Nice analysis from OP but 2018 experience so far has defiled many of those.

so it's time to buy coins and wait for the Christmas holidays!

I won't be surprised if the Christmas day doesn't come as expected in price bull

[buonty563]

Ethereum Price Prediction for December 2018
At this time, Ethereum's price reached 685 dollars. Figures obtained from various instruments in May 2018. For December 2018, the price of one Ethereum coin has a minimum value of 1212 dollars. The increase is predicted to bring many investors to glance at this digital coin. While the maximum price is 1390 dollars per coin.
Use for transactions that occur within 24 hours per day. The problem is that every day jam shifts, it is always examined. Sometimes it goes down and sometimes rises. But in the final period, always found prices that are relatively rising. So, as a trader, your patience must pass the test.

[peter0425]

Its reflecting the current state of altcoin markets, lots of suffering and loses in the last 8 months of so. Its just above $220 now but the volumes remains the same, $1m-$1.5m so it means no new money is flowing so it will be stagnant. Short term could be bullish but lets see if it can break the psychological barrier of $260 in the next coming days. Ethereum is trying to fought back EOS attack so its going to be a interesting and exciting battle.

[Quidat]

Nice analysis from OP but 2018 experience so far has defiled many of those.

so it's time to buy coins and wait for the Christmas holidays!

I won't be surprised if the Christmas day doesn't come as expected in price bull

As much as I really wanted the bull to come on december, but I guess we cant really expect a bullrun this year. I cant believe how XRP has taken over the 2nd spot on CMC couple of days ago. Still, It gave me relief after eth recovered the spot. I mean isnt it alarming to witness such event, eth supposed to be strong, but it shows its weakness lately. Well, lets just see what will happen next year. I still have hopes for eth.