Ethereum Price Prediction: ETH/USD Breaks Above $3500 Resistance

Ethereum Price Prediction – October 11 The Ethereum price could spike a significant surge as the price breaks above the resistance level of $3500. ETH/USD Market Key Levels: Resistance levels: $4000, $4200, $4400 Support levels: $3000, $2800, $2600 ETHUSD – Daily Chart Buy Ethereum Now ETH/USD is seen refreshing to a new high after touching the daily low of $3373 to breaches above $3500 while currently trades at $3558 with a bullish crossover above the 9-day moving average. While bears are attempting to increase selling pressure near the $3500 level, meanwhile, the bulls may try to collect more on the price dips. Ethereum Price Prediction: Ethereum (ETH) May Trigger Fresh Rally Looking at the daily chart, the Ethereum price can only increase the bullish movement if the $3500 support is maintained at all costs. Currently, the technical indicator Relative Strength Index (14) is likely to cross above 60-level by sending bullish signals into the market which can encourage more buyers to enter the market. Meanwhile, since the red-line of 9-day moving averages stays above the green-line of 21-day moving average, the Ethereum (ETH) may continue to do well and the market price may reach the resistance levels at $4000, $4200, and $4400 respectively. On the contrary, if the technical indicator decides to make a quick cross below the 21-day moving average, then, there may be a quick bearish drop which may likely bring the market down to the support levels of $3000, $2800, and $2600 respectively. When compares with Bitcoin, Ethereum price is hovering below the 9-day and 21-day moving averages as the price plans to cross below the lower boundary of the channel. Meanwhile, the technical indicator Relative Strength Index (14) is seen moving towards 40-level. However, for the fact that the market remains at the downside, the pair is likely to move sideways before deciding on the next direction. ETHBTC – Daily Chart Moreover, the daily chart reveals that the potential resistance level is located at 6800 SAT and above but a higher sustainable move may likely cancel the bullish pattern which could attract new sellers coming into…

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