Ethereum market analysis on October 31st: Where is the next stop for ETH prices?

EthereumBeing within a short-term roughly horizontal trend channel indicates further development in the same direction. There is no resistance on the price chart, indicating further increase



  • EthereumBeing within a short-term roughly horizontal trend channel indicates further development in the same direction. There is no resistance on the price chart, indicating further increase.
  • Cryptocurrency shows a rectangular trend between support level 1522 and resistance level 1890. Clearly breaking through one of these levels will indicate a new direction for the currency.
  • Ethereum1630

Ethereum 1800 ETH

Short term ETH analysis

EthereumBeing within a short-term roughly horizontal trend channel indicates further development in the same direction. There is no resistance on the price chart, indicating further increase. 1727 RSI 70

Cryptocurrencies have shown strong positive momentum, indicating further gains. However, high RSI, especially for large assets, may indicate overbought conditions and the possibility of a downward reaction. The rise of the RSI curve indicates an early signal of a possible reversal of the upward trend in prices. The currency is generally considered technically positive in the short term.

Medium term ETH analysis

EthereumEthereumCryptocurrency shows a rectangular trend between support level 1522 and resistance level 1890. Clearly breaking through one of these levels will indicate a new direction for the currency.17291870

Cryptocurrency is approaching the resistance level of 1850, which may lead to negative reactions. However, breaking through 1850 points would be a positive signal. The trading volume was higher during previous price peaks and lower during price declines. The balance of positive trading volume has weakened the downward trend, which may be an early signal of a trend reversal. The short-term momentum of the currency is quite positive, with an RSI above 70, indicating increased optimism among investors and the potential for further price increases. However, high RSI, especially for large assets, may indicate overbought conditions and the possibility of a downward reaction. The currency is generally evaluated as slightly positive in terms of medium-term technology.

Long term ETH analysis

Ethereum1630

Ethereum

Ethereum1,799246,576,743,188Ethereum 24 0.60%CoinMarketCapETH217,067,420,375 120,269,517 ETH

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