Ethereum (ETH and ETC) Price Trends (Week of October 10th)
Ethereum’s price is heading down. The short-term downward trend, which has held for almost the entire week, has reached a key level. It is time for a natural upward movement. ETH/USD. Last Tuesday, the advantage was held by the bears. Ether’s price has begun confidently forming a downward trend, never once breaking its structure. However, in order to continue its fall, the price has to break through a serious resistance line, which it has approached closely. Usually, an opposing force appears in such points, in the form of bulls, and the downward trend is followed by at least a rebound.....
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Altcoins are in a downward trend. How strong is that trend, and for how long will the fall continue? At which levels are the current trends most likely to change? ETH/USD. Ethereum’s price has went along the downward scenario and formed the third wave of decline. The key level for that scenario was at $10.3. Ethereum’s price is at a key long-term resistance line, where rebounds usually happen. The critical level for a rebound is the line with the largest accumulated trading volume, somewhere around $10. If the coin’s price manages to fortify at that level and form a turn to growth, there....