Ethereum [ETH] Price Analysis (14/10/2020)
Ethereum [ETH] Price Analysis: Gallops Ahead as Bulls aim for $400, Zinken Testnet Successful
The Ethereum price is bullish, adding an impressive nine percent versus the USD in the last week of trading.
Candlestick arrangements in the daily chart suggest strength. Notably, ETH bulls seem to be aiming for $400—a round number and an active sell wall that may open doors for a re-test of Aug 2020 highs.
After breaking above the bull flag in early Oct, bullish bars are now banding along the upper BB. Noticeably, the upper and lower BB are diverging pointing to volatility. The more bars band along the upper BB with increasing volumes, the stronger the likelihood of a break above $400. The zone between the 20-day moving average and $370 will be immediate support.
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