On Thursday, October 24, the ETH fell further to $160 in a low-volatility session.
Following the general cryptomarket trend, the ETH/USD pair registered some serious gains on Friday, October 25. It added 13 percent to its value and climbed to $181, successfully regaining position above the critical support level of $180.
On Saturday, October 26, we saw it peaking at $198, but bulls could not consolidate properly and only managed to hold to the above-mentioned line.
The last day of the week found ETH moving up to $184. It closed the week 5 percent higher than the previous one.
We expect consolidation around the $180-$190 area and eventually - a test of $200. The opposite would naturally mean we can see the eth dropping below $180 once again.
Following the general cryptomarket trend, the ETH/USD pair registered some serious gains on Friday, October 25. It added 13 percent to its value and climbed to $181, successfully regaining position above the critical support level of $180.
On Saturday, October 26, we saw it peaking at $198, but bulls could not consolidate properly and only managed to hold to the above-mentioned line.
The last day of the week found ETH moving up to $184. It closed the week 5 percent higher than the previous one.
We expect consolidation around the $180-$190 area and eventually - a test of $200. The opposite would naturally mean we can see the eth dropping below $180 once again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.