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

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