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Consequently, a collapse below the lower trendline of the triangle increases the likelihood that the price would drop by as much to the pattern's maximal height. In this scenario, depending on the breakdown point, ETH's price in October 2023 might fall to $1,465 or $1,560.<\/p>\n\n\n\n

Ethereum's price can drop towards the demand area between the $1,600 and $1,532 order block if the $1,663 barrier is rejected. The bullish argument would be refuted by a break and move below this zone's midline at $1,585, which may push the Proof-of-Stake token down to the $1.5K area.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Consolidates Below $28,000 For The Fifth Consecutive Day, And The ETH Respects 50 EMA Resistance At $1,663 As The Bearish Momentum Continues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-consolidates-below-28000-for-the-fifth-consecutive-day-and-the-eth-respects-50-ema-resistance-at-1663-as-the-bearish-momentum-continues","to_ping":"","pinged":"","post_modified":"2023-10-08 21:31:58","post_modified_gmt":"2023-10-08 10:31:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13770","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Looking more generally, though, we can see that ETH\/USD has been forming an ascending triangle, a negative continuation pattern.<\/p>\n\n\n\n

Consequently, a collapse below the lower trendline of the triangle increases the likelihood that the price would drop by as much to the pattern's maximal height. In this scenario, depending on the breakdown point, ETH's price in October 2023 might fall to $1,465 or $1,560.<\/p>\n\n\n\n

Ethereum's price can drop towards the demand area between the $1,600 and $1,532 order block if the $1,663 barrier is rejected. The bullish argument would be refuted by a break and move below this zone's midline at $1,585, which may push the Proof-of-Stake token down to the $1.5K area.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Consolidates Below $28,000 For The Fifth Consecutive Day, And The ETH Respects 50 EMA Resistance At $1,663 As The Bearish Momentum Continues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-consolidates-below-28000-for-the-fifth-consecutive-day-and-the-eth-respects-50-ema-resistance-at-1663-as-the-bearish-momentum-continues","to_ping":"","pinged":"","post_modified":"2023-10-08 21:31:58","post_modified_gmt":"2023-10-08 10:31:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13770","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 85

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\n

Technical analysis of the Ethereum daily chart suggests a probable recovery toward the 50 EMA, which is located close to $1,663.<\/p>\n\n\n\n

Looking more generally, though, we can see that ETH\/USD has been forming an ascending triangle, a negative continuation pattern.<\/p>\n\n\n\n

Consequently, a collapse below the lower trendline of the triangle increases the likelihood that the price would drop by as much to the pattern's maximal height. In this scenario, depending on the breakdown point, ETH's price in October 2023 might fall to $1,465 or $1,560.<\/p>\n\n\n\n

Ethereum's price can drop towards the demand area between the $1,600 and $1,532 order block if the $1,663 barrier is rejected. The bullish argument would be refuted by a break and move below this zone's midline at $1,585, which may push the Proof-of-Stake token down to the $1.5K area.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Consolidates Below $28,000 For The Fifth Consecutive Day, And The ETH Respects 50 EMA Resistance At $1,663 As The Bearish Momentum Continues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-consolidates-below-28000-for-the-fifth-consecutive-day-and-the-eth-respects-50-ema-resistance-at-1663-as-the-bearish-momentum-continues","to_ping":"","pinged":"","post_modified":"2023-10-08 21:31:58","post_modified_gmt":"2023-10-08 10:31:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13770","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 85

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\n
\"Ethereum
ETH\/USD<\/a> can retest $1,532 following the current head and shoulder pattern formed at the daily price chart. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

Technical analysis of the Ethereum daily chart suggests a probable recovery toward the 50 EMA, which is located close to $1,663.<\/p>\n\n\n\n

Looking more generally, though, we can see that ETH\/USD has been forming an ascending triangle, a negative continuation pattern.<\/p>\n\n\n\n

Consequently, a collapse below the lower trendline of the triangle increases the likelihood that the price would drop by as much to the pattern's maximal height. In this scenario, depending on the breakdown point, ETH's price in October 2023 might fall to $1,465 or $1,560.<\/p>\n\n\n\n

Ethereum's price can drop towards the demand area between the $1,600 and $1,532 order block if the $1,663 barrier is rejected. The bullish argument would be refuted by a break and move below this zone's midline at $1,585, which may push the Proof-of-Stake token down to the $1.5K area.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Consolidates Below $28,000 For The Fifth Consecutive Day, And The ETH Respects 50 EMA Resistance At $1,663 As The Bearish Momentum Continues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-consolidates-below-28000-for-the-fifth-consecutive-day-and-the-eth-respects-50-ema-resistance-at-1663-as-the-bearish-momentum-continues","to_ping":"","pinged":"","post_modified":"2023-10-08 21:31:58","post_modified_gmt":"2023-10-08 10:31:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13770","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 85

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\n

<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\"Ethereum
ETH\/USD<\/a> can retest $1,532 following the current head and shoulder pattern formed at the daily price chart. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

Technical analysis of the Ethereum daily chart suggests a probable recovery toward the 50 EMA, which is located close to $1,663.<\/p>\n\n\n\n

Looking more generally, though, we can see that ETH\/USD has been forming an ascending triangle, a negative continuation pattern.<\/p>\n\n\n\n

Consequently, a collapse below the lower trendline of the triangle increases the likelihood that the price would drop by as much to the pattern's maximal height. In this scenario, depending on the breakdown point, ETH's price in October 2023 might fall to $1,465 or $1,560.<\/p>\n\n\n\n

Ethereum's price can drop towards the demand area between the $1,600 and $1,532 order block if the $1,663 barrier is rejected. The bullish argument would be refuted by a break and move below this zone's midline at $1,585, which may push the Proof-of-Stake token down to the $1.5K area.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Consolidates Below $28,000 For The Fifth Consecutive Day, And The ETH Respects 50 EMA Resistance At $1,663 As The Bearish Momentum Continues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-consolidates-below-28000-for-the-fifth-consecutive-day-and-the-eth-respects-50-ema-resistance-at-1663-as-the-bearish-momentum-continues","to_ping":"","pinged":"","post_modified":"2023-10-08 21:31:58","post_modified_gmt":"2023-10-08 10:31:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13770","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 27 28 29 30 31 … 85

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Subscribe To Our Newsletter

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\n
  • ETH failing to exceed the current resistance at $1,663 may result in a further bearish move targeting $1,532.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
    \"Ethereum
    ETH\/USD<\/a> can retest $1,532 following the current head and shoulder pattern formed at the daily price chart. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

    Technical analysis of the Ethereum daily chart suggests a probable recovery toward the 50 EMA, which is located close to $1,663.<\/p>\n\n\n\n

    Looking more generally, though, we can see that ETH\/USD has been forming an ascending triangle, a negative continuation pattern.<\/p>\n\n\n\n

    Consequently, a collapse below the lower trendline of the triangle increases the likelihood that the price would drop by as much to the pattern's maximal height. In this scenario, depending on the breakdown point, ETH's price in October 2023 might fall to $1,465 or $1,560.<\/p>\n\n\n\n

    Ethereum's price can drop towards the demand area between the $1,600 and $1,532 order block if the $1,663 barrier is rejected. The bullish argument would be refuted by a break and move below this zone's midline at $1,585, which may push the Proof-of-Stake token down to the $1.5K area.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Consolidates Below $28,000 For The Fifth Consecutive Day, And The ETH Respects 50 EMA Resistance At $1,663 As The Bearish Momentum Continues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-consolidates-below-28000-for-the-fifth-consecutive-day-and-the-eth-respects-50-ema-resistance-at-1663-as-the-bearish-momentum-continues","to_ping":"","pinged":"","post_modified":"2023-10-08 21:31:58","post_modified_gmt":"2023-10-08 10:31:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13770","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 27 28 29 30 31 … 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    ADVERTISEMENT
    \n
  • The ETH\/USD daily price chart has printed a head and shoulder pattern.<\/li>\n\n\n\n
  • ETH failing to exceed the current resistance at $1,663 may result in a further bearish move targeting $1,532.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
    \"Ethereum
    ETH\/USD<\/a> can retest $1,532 following the current head and shoulder pattern formed at the daily price chart. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

    Technical analysis of the Ethereum daily chart suggests a probable recovery toward the 50 EMA, which is located close to $1,663.<\/p>\n\n\n\n

    Looking more generally, though, we can see that ETH\/USD has been forming an ascending triangle, a negative continuation pattern.<\/p>\n\n\n\n

    Consequently, a collapse below the lower trendline of the triangle increases the likelihood that the price would drop by as much to the pattern's maximal height. In this scenario, depending on the breakdown point, ETH's price in October 2023 might fall to $1,465 or $1,560.<\/p>\n\n\n\n

    Ethereum's price can drop towards the demand area between the $1,600 and $1,532 order block if the $1,663 barrier is rejected. The bullish argument would be refuted by a break and move below this zone's midline at $1,585, which may push the Proof-of-Stake token down to the $1.5K area.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Consolidates Below $28,000 For The Fifth Consecutive Day, And The ETH Respects 50 EMA Resistance At $1,663 As The Bearish Momentum Continues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-consolidates-below-28000-for-the-fifth-consecutive-day-and-the-eth-respects-50-ema-resistance-at-1663-as-the-bearish-momentum-continues","to_ping":"","pinged":"","post_modified":"2023-10-08 21:31:58","post_modified_gmt":"2023-10-08 10:31:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13770","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 27 28 29 30 31 … 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    ADVERTISEMENT
    \n
  • Ethereum keeps trading below the 50 and 200 EMA levels.<\/li>\n\n\n\n
  • The ETH\/USD daily price chart has printed a head and shoulder pattern.<\/li>\n\n\n\n
  • ETH failing to exceed the current resistance at $1,663 may result in a further bearish move targeting $1,532.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
    \"Ethereum
    ETH\/USD<\/a> can retest $1,532 following the current head and shoulder pattern formed at the daily price chart. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

    Technical analysis of the Ethereum daily chart suggests a probable recovery toward the 50 EMA, which is located close to $1,663.<\/p>\n\n\n\n

    Looking more generally, though, we can see that ETH\/USD has been forming an ascending triangle, a negative continuation pattern.<\/p>\n\n\n\n

    Consequently, a collapse below the lower trendline of the triangle increases the likelihood that the price would drop by as much to the pattern's maximal height. In this scenario, depending on the breakdown point, ETH's price in October 2023 might fall to $1,465 or $1,560.<\/p>\n\n\n\n

    Ethereum's price can drop towards the demand area between the $1,600 and $1,532 order block if the $1,663 barrier is rejected. The bullish argument would be refuted by a break and move below this zone's midline at $1,585, which may push the Proof-of-Stake token down to the $1.5K area.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Consolidates Below $28,000 For The Fifth Consecutive Day, And The ETH Respects 50 EMA Resistance At $1,663 As The Bearish Momentum Continues","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-consolidates-below-28000-for-the-fifth-consecutive-day-and-the-eth-respects-50-ema-resistance-at-1663-as-the-bearish-momentum-continues","to_ping":"","pinged":"","post_modified":"2023-10-08 21:31:58","post_modified_gmt":"2023-10-08 10:31:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13770","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 27 28 29 30 31 … 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

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    \n