ETH - Analysis



10/5/20220 min read

After breaking its downtrend line range as well as the $1,335 resistance yesterday, Ethereum continued its upward movement without a pullback and rose to the $1,370 range. Bitcoin's reaction to the $20,500 resistance caused Ethereum to drop in price. But due to the strong upward movement that started from the $1270 range, we can expect Ethereum to grow to the specified targets. Even if Bitcoin declines in price, Ethereum can move higher with a full pullback to this support range again to test the $1,400 resistance and $1,450 range. The trend of Ethereum in the 4-hour time frame is the range.