Crypto Screener › Forums › Ethereum (ETH) Forecast – Technical Analysis › Ethereum, ETHUSD, ETHBTC forecast – October 2017 TA › Reply To: Ethereum, ETHUSD, ETHBTC forecast – October 2017 TA
Taking a look at Ethereum vs the Dollar. The Ethereum market has been bleeding alongside the rest of the Crypto’s while Bitcoin keeps pushing new highs.
If we look at the longer term picture we can see that Ethereum is hopping along its trendline and is most likely setting up to make new all time highs again. We can see a triangle forming and the coil is getting tighter. The MACD indicator confirms this for me.
Like any breakout this one could go up or down, but I would expect down to maybe go as low as $200. If the blue trendline stays intact $250 should become support, however it can’t hurt to stack some buy orders down the book. You might get lucky and buy some $201 Eth.
Keep an eye on the Ethereum market as this Bull could jump out at us sooner rather than later.