ETH Price Analysis October 2022

ETH is a token of the platform Ethereum. Its current price is around $1,572.53 at the time of writing, with a low of $896.11, and it has a market cap of 192 billion dollars.

ETH Coin Market Analysis 

ETH has a total supply of 122,373,863 coins worth around $1,572.53 with a market volume of 18 billion dollars, whereas the market capitalization is 192 billion dollars at writing. The Ethereum price rebounded, increasing by 5% on the final Friday of October. Overnight, Ethereum fell to a price of $1,390 and rose in volume after New York’s opening bell.

If the market is bullish, the price of ETH should go up noticeably in the next few days. Currently, it is still being determined whether or not ETH will rise again. If the price drops below the swing low at $1,450, there’s a possibility of a sell-off into the lower half of the trend channel.

As you can see in the chart, there was a resistance level between $1,554 to $1,600 which the price could surpass. After that, hitting the $2000 ETH price target will be smooth sailing.

≪Strong≫Eth Price Analysis October 2022≪/Strong≫

What is ETH?

ETH is the coin of the Ethereum platform, which is around $1,572.53 at the time of writing, with a low of $896.11. It reached a high of $4,891.70, and its current ranking is #2, according to CoinMarketCap, with a market cap of 192 billion dollars.

ETH Price Prediction

Ethereum is one of the most famous & well-respected cryptocurrencies on the market. It was the first blockchain platform with widespread recognition, so it has a big head start in market share. On the 1D timeframe, the price action of $ETH/USDT is rejected from the horizontal resistance zone. If it breaks its resistance and retests successfully, it can go upwards.

For any time, on-demand analysis on $ETH or any other coin can join our Telegram channel.

Eth Price Chart October 2022
ETH Price Chart October 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Research before investing.

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Pratyaksh
Pratyaksh

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