Ethereum Technical Price Analysis OCT 22. Should it pull beck or not?

in #ethereum7 years ago

The downward thrust is continuing and right now the price is at 297 level. But there's a major support at 287 level.

Ethereum Price Chart OCT22.png

If the price fails to break below that area then we might expect a pullback from 287 level and the potential reach zone is 330-340 level.

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ETH might profit the BTC dump after the fork =)

ETH's protocol upgradation had some issue, that's why the price was falling. And also the new fork's difficulty adjustment system emitting more ETH than before, that could be another reason for this downward movement.

Fair enough yes =). Will see thank you my friend

Thanks @jlcrypto. Follow and upvote if you like my post. :) Cheers

oh!ETH price again go down

But not too low :D It's just a matter of time when the price will be above 320 again from my perspective. :)

ok best of luck

oh!ETH price again go down

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