CandleFocus Ethereum Hovers Above $2,300 And Shows Doubts About Its Next Move
2024-10-09
Author: Content Editor
The price of Ethereum (ETH) has been trading below the moving average lines and above the support level of $2,300 since a drop on October 3. Recent candlestick formations indicate that the price will likely continue to move sideways and remain stagnant. If it loses support at $2,300, it could fall to $2,000 or lower. On the upside, the market will resume its upward trend once the price rises above the moving average lines and resistance at $2,800. Overall, the price movement suggests a consistent and rangebound movement for Ethereum.
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