ETH Price Prediction – October 10
ETH/USD is seen climbing higher and settling above the main $370 barrier.as the coin remains above the moving averages.
ETH/USD Market
Key Levels:
Resistance levels: $420, $440, $460
Support levels: $328, $208, $188
ETH/USD has been following the bullish trend and did the same yesterday as well. It is making a gain of almost 2.1% and touches the daily high of $380.81. However, amidst that, the coin is managing to keep its price above the 9-day and 21-day moving averages. Traders can expect Ethereum to prepare itself steadily for a ride towards $400.
Where is ETH Price Going Next?
In the last two days, Ethereum has moved from $334 to $380 and at the same time moving towards the upper boundary of the channel at the time of writing. The on-going trend may move a little bit higher in the coming week if the 9-day MA is successfully cross above the 21-day MA and the coin may likely reach the nearest resistance at $400, any further bullish movement could hit additional resistance levels at $420, $440, and $460 respectively.
However, a bearish drop may roll the market back below the 9-day and 21-day moving averages and also to the initial support level of $330. Meanwhile, the support levels to watch are $328, $308, and $188. As the trading volume increases, the technical indicator RSI (14) is seen moving to cross above the 60-level and this indicates that more bullish signals may come to play.
When compared with Bitcoin, Ethereum is currently trading above the 9-day and 21-day moving averages. The price is changing hands at 3293 SAT as the technical indicator RSI (14) moves below the 50-level. However, the daily chart reveals that the coin is retreating after touching the daily high of 3328 SAT.
Negatively, the critical support levels are located at 3000 SAT and below. Inversely, a higher sustainable move may likely cancel the bearish pattern and it could attract new buyers to the market with the next resistance at 3600 SAT and above.
