ETH - Analysis
ETHEREUM
ALTCOINS ANALYSIS
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.
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![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=382,h=211,fit=crop/mP4DRvxXEycnaE1Q/ethusdt_2022-10-05_13-41-52-AMqMlkzz0Zu2rN8e.png)