empty
 
 

Forex Analysis & Reviews: Technical analysis on Ethereum for October 7th, 2022.
time 07.10.2022 03:03 PM
time Relevance up to, 08.10.2022 03:03 PM

This image is no longer relevant

Blue line- neckline resistance

Red lines- Fibonacci extension targets

Ethereum is trading around $1,330. Price has mostly been moving sideways the last few weeks and bulls are unable to push price higher than $1,420. Price remains below the broken neckline of the Head and Shoulders pattern.The neckline at $1,470 is key resistance. Our $1,175 target remains intact, but taking into consideration the current price formation, a break below recent lows of $1,245, will lead to a deeper decline towards June lows at $900-$880.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

BTC update for December 02,.2022 - Potential for bigger rally

Technical analysis: BTC has been trading sideways at the price of $17.000 but there is the breakout of the supply trend-line in the background, which is sign that buyers

Petar Jacimovic 09:32 2022-12-02 UTC+2

Technical Analysis of ETH/USD for December 2, 2022

Crypto Industry News: The German manufacturer has prepared the NFT collection, which is to consist of over 7,000 items tokens. This one will be inspired by the classic model

Sebastian Seliga 09:30 2022-12-02 UTC+2

Technical Analysis of BTC/USD for December 2, 2022

Crypto Industry News: Pavel Durov, the founder and CEO of the Telegram application, believes that the demise of FTX happened because the blockchain industry recently moved away from its decentralized

Sebastian Seliga 09:29 2022-12-02 UTC+2

Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday December 02, 2022.

If we look at the 4-hour chart, the Cardano cryptocurrency seems to be moving in a sideways condition and ranging in the range of the 0.29215 - 0.31257 level

Arief Makmur 05:28 2022-12-02 UTC+2

Technical Analysis of Intraday Price Movement of Uniswap Crypto Currency Friday, December 02 2022.

On the 4-hour chart, the Uniswap Crypto currency is clearly moving in a channel that is dip upwards, meaning that Buyers are taking control of this cryptocurrency, especially when

Arief Makmur 05:28 2022-12-02 UTC+2

Short-term technical analysis on Bitcoin for December 1st, 2022.

Bitcoin has started December trading on a positive note as price is starting to form higher highs and higher lows on an intraday level. Price has broken above the 23.6%

Alexandros Yfantis 14:25 2022-12-01 UTC+2

Mike Novogratz: Bitcoin will definitely recover.

It is also evident on the 4-hour TF that bitcoin has surpassed the crucial $ 18,500 and its "duplicate" of $17,582 and has since continued to trade below both levels

Paolo Greco 14:10 2022-12-01 UTC+2

Bitcoin breaks through the $17k level amid macroeconomic indicators: will the upward movement continue?

Bitcoin and the cryptocurrency market continue the recovery movement that originated in the current trading week. The main digital asset managed to make a bullish breakout of the $17k level

Artem Petrenko 11:30 2022-12-01 UTC+2

BTC update for December 01,.2022 - Potential for bigger rally

Technical analysis: BTC/USD has been trading upside as I expected and the price had nice fallow trough after the breakout of the supply trend-line. I see potential for further growth

Petar Jacimovic 08:57 2022-12-01 UTC+2

Technical Analysis of ETH/USD for December 1, 2022

Crypto Industry News: Alabama and several other US states are investigating several major crypto companies, including Genesis The investigation is allegedly into potential securities breaches and links with retail investors

Sebastian Seliga 08:44 2022-12-01 UTC+2
Can't speak right now?
Ask your question in the chat.