Ethereum Price Prediction: ETH/USD Struggles Around $174 Amidst Bear Pressure

ETH Price Prediction – October 5

In the last 30 days, Ethereum surges from $174 to $221 and then drops back to $174. ETH price may likely cross $180 by next week.

ETH/USD Market

Key Levels:

Resistance levels: $200, $205, $210

Support levels: $155, $145 $140

ETHUSD – Daily Chart

Ethereum, the second most talked about crypto in the present times after Bitcoin. The ETH currency has also given investors many reasons to invest huge amounts. It reached $318 this year. The current market performance may reflect sluggish trends but may change by the end of the year.

The price of the Ethereum was bitten by the bear. The coin is currently experiencing a price drop. Both Ethereum and Bitcoin started with a drop today. The price is currently moving under 9-day and 21-day moving averages, exchanging hands at $174.35 which is yet to break down out of the channel to the downside.

However, a bearish drop may likely roll the market down to $155, $150 and $145 support levels while possible bullish surge may drive the market to $190 level, testing the upper channel boundary. Above the channel, $200, $205 and $210 levels may further provide resistance for the market. As the trading volume gets low, the stochastic RSI is coming out of the oversold zone and this may cause the bulls to step back into the market fully.

Looking at it against BTC, ETH has continued to trade sideways above the moving averages of 9-day and 21-day around 0.0215 BTC. The coin is secured from above by resistance at 0.0222 BTC and has been unable to rise above during the last month of September and this present October.

ETHBTC – Daily Chart

Meanwhile, the trading volume of ETH/BTC has dropped significantly and the RSI (14) remains above the 60 level which shows that the buyers are still in control over the market momentum; however, this seems to be very weak. If the price wants to break above the moving averages, it would need to see the RSI (14) rise higher from the 60 levels. The resistance levels to watch for are 0.024 BTC and above while the support levels are 0.0187 BTC and below.

Please note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

The post Ethereum Price Prediction: ETH/USD Struggles Around $174 Amidst Bear Pressure appeared first on

Michael is an editor at CurrencyTimes, with a background in energy and economics. He keeps an eye on Blockchain's applications in building smarter and more equitable energy access globally.

Latest articles

Reddit Co-Founder Highlights Crypto Development Success

Alexis Ohanian Sr., the co-founder of online message and forum platform Reddit, has emphasized the growth of exploration and development in the crypto...

Could Craig Wright Be Satoshi Nakamoto? Probably Not

Craig Wright has been the center of various controversies, but none more dramatic than his claims that he is Satoshi Nakamoto. In the...

Justin Sun Allegedly Fixed His Own Poll with Bots to Win Vote Against ETH 2.0

The poll had EthereumBlockchain is a digital ledger that’s used for storing data on several servers across the world in a decentralized, trustless......

Local Chinese Government Attempts Crypto Mining Ban

China’s Sichuan province has had its local government authorities issue out a notice. This notice comes as a bid to seek to ban...

Related articles