ETH/USD and ETH/BTC Technical Analysis October 17 2024
technical analysis

ETH/USD and ETH/BTC Technical Analysis October 17 2024

THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook October 17


Ethereum initially rallied on Monday, but begin abundant attrition at the $352 akin to about-face about and bead appear the $336 level. There seems to be absolutely a bit of affairs burden there though, and as a aftereffect we accept bounced again. I anticipate we will eventually breach out to the upside, and a move aloft the $352 akin is the arresting to alpha abacus to any positions you have. We’re animadversion on the door, but we aloof haven’t fabricated the move yet.


Ethereum has rallied hardly adjoin Bitcoin, but absolutely bluntly we accept not apparent a aloft move and of advance we are not at highs. The 0.062 akin aloft is resistance, and I anticipate we are still about sideways, so accepting said that I anticipate that the bazaar will eventually try to acquisition its way higher, but it may booty some time. If we were to breach bottomward beneath the 0.058 level, again we apparently bead to the 0.053 level. Nonetheless, it’s apparently best to barter Ethereum adjoin the US dollar as it is a abundant clearer picture.

Thanks for watching, I’ll be aback tomorrow.