ETH/USDT 1 day Analysis
Ether (ETH) climbed above $1,600 on Oct 29, the first time in over a month. It then turned down and traded sideways for the last few days. Currently, 20-day EMA is at around $1,479 which could provide adequate support if the price drops again.
If the price jumps out of the current stable range and rises above the resistance zone ($1,630 ~ $1,730), ETH could rally to a $2,000 high. The bulls will have to sustain the price above $1,700 to hold the advantage for a possible rally.
On the contrary, if the price fails to cross above the resistance and drops below the moving averages, $1,360 will likely be the crucial level for the bulls to fight.
If the price jumps out of the current stable range and rises above the resistance zone ($1,630 ~ $1,730), ETH could rally to a $2,000 high. The bulls will have to sustain the price above $1,700 to hold the advantage for a possible rally.
On the contrary, if the price fails to cross above the resistance and drops below the moving averages, $1,360 will likely be the crucial level for the bulls to fight.
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