• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

    Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

    Tether

    Tether USDT: What happens if the stablecoin collapses?

    Cryptos

    Cryptos banned: Russian government officials will no longer own digital currencies

    Litecoin price

    Litecoin price prediction: LTC to fall to $120.00 support level

    Bitcoin

    Bitcoin supply crisis could spark a hike in BTC price

    Ethereum price

    Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

    Coinbase

    $27 Million XRP wired to Coinbase from “Anonymous user”

    Bitstamp Crypto custody services

    Dutch Bitstamp new requirement of proof of income for withdrawal irks users

    Gemini expands in Singapore with localized crypto offerings

    Gemini expands in Singapore with localized crypto offerings

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

    Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

    Tether

    Tether USDT: What happens if the stablecoin collapses?

    Cryptos

    Cryptos banned: Russian government officials will no longer own digital currencies

    Litecoin price

    Litecoin price prediction: LTC to fall to $120.00 support level

    Bitcoin

    Bitcoin supply crisis could spark a hike in BTC price

    Ethereum price

    Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

    Coinbase

    $27 Million XRP wired to Coinbase from “Anonymous user”

    Bitstamp Crypto custody services

    Dutch Bitstamp new requirement of proof of income for withdrawal irks users

    Gemini expands in Singapore with localized crypto offerings

    Gemini expands in Singapore with localized crypto offerings

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ethereum News

Ethereum price analysis: Prices to retest $392.2 resistance level

Kelvin Maina by Kelvin Maina
October 12, 2020
in Ethereum News
3 min read
Ethereum prices
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Ethereum prices have had a net gain of 0.2 percent since today’s trading session began
  • Daily chart indicates that the prices have retested the support levels at $323.3.
  • The chart also shows that the current bullish move on the daily chart is likely to retest the $392.2 resistance level.
  • Short term traders should also be looking to go long, as the markets on the hourly charts are also bullish.

Today’s trading session has seen the price of Ethereum jump 0.2 percent as at press time, after opening at $373.1, reaching highs of $375.6 and lows of $370.5. Today’s rise in price is a continuation of an upward trend that started five days ago.

Ethereum daily price chart analysis

Ethereum price analysis: Prices to retest $392.2 resistance level 1
Image source Trading View

The Ethereum daily price chart shows that the prices have been on an upward trend since March and have been trading along the ascending trendline. Recently, the prices have come down to retest the ascending trendline’s support level, failing to break out of the structure, which would have seen the prices start a new downward trend.

Starting from October 7th, the prices have been trending upwards, after testing the ascending trendline and failing to break out of the bullish move. The prices have also been trading within support and resistance levels of $323.3 and $393.2, respectively.

RelatedPosts

Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

Ether reached $1,467 ATH as exchange outflow spikes

Ethereum price prediction: ETH to reverse to $1100 support

Ethereum price prediction: ETH to climb to $1,300 resistance

The prices are currently coming out of the support levels and are expected to retest the $392.2 resistance level. This will lead to two possibilities; that is, the prices might break out of the support and resistance structure or continue trading within the structure, which will mean that the prices will retrace back to retest support levels on the ascending trendline.

Ethereum hourly chart analysis for short term traders

Ethereum price analysis: Prices to retest $392.2 resistance level 2
Image source Trading View

Ethereum prices on the one hour charts have lost momentum in the past few hours, trading sideways in the last few hours. However, the prices are still highly biased to the upside.

For short term traders, the price analysis on the one hour chart indicates that the prices have at least one last leg of the bullish move before retracing back to the pivot level P at $359.8. Therefore, short term traders should be looking to get into the market for long positions, which are expected to hit the $386.4 pivot resistance level R1.

Similar Ideas for short term traders

Ethereum price analysis: Prices to retest $392.2 resistance level 3
Image source Trading View

YMGroup traders, in their trading view analysis, also had a similar opinion on where short term traders should be looking for trading opportunities, although worded and analyzed differently. Their analysis agrees that the current prices of the crypto are trading on a resistance zone. Their analysis of the trading volumes and price action indicates that the prices will be heading to retest the resistance level at $388.0.This, therefore, means that Ethereum is still bullish, and traders should look for long positions as their trading opportunities.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Kelvin Maina

Kelvin Maina

Kelvin Maina is a computer science graduate who has a strong interest in cryptocurrency. He also enjoys reading fictional novels and swimming. He has over five years of experience in the software engineering industry and understands the current technology trends around the world.

Related Posts

Ethereum price
Ethereum News

Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

January 26, 2021
Ripple had stellar growth in 2020 despite US charges
Ethereum News

Ether reached $1,467 ATH as exchange outflow spikes

January 25, 2021
Ethereum price prediction
Ethereum News

Ethereum price prediction: ETH to reverse to $1100 support

January 24, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Types of Mining 4

Types of Mining

January 27, 2021
What Makes the Bitcoin Trading Industry Worth It 5

What Makes the Bitcoin Trading Industry Worth It

January 27, 2021
Things to Know about Bitcoin 6

Things to Know about Bitcoin

January 27, 2021
Be Part of the Bitcoin Era Today! 7

Be Part of the Bitcoin Era Today!

January 27, 2021
Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

January 27, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 8

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.