https://www.binance.com/download?utm_medium=screenshot
This is *ETH/USDT* on the *2-hour* timeframe — price: *$2,408.69*
Roughly the same movement as Bitcoin:
*Price:*
- Up 1.04%
- Fell from *$2,579* to a low of *$2,318* on October 15, and is now trying to bounce back
*Moving averages:*
A *small bullish crossover has occurred, but the major resistance is overhead at $2,449*
*RSI = 53.07*
- Neutral with a slight bullish bias — not overbought
*Current situation:*
Ethereum is bouncing back, but it’s weaker than Bitcoin. It needs to break above *$2,450* for us to say the correction is over. If it can’t, it may retest *$2,360*.
#Ethereum
$ETH
This is *ETH/USDT* on the *2-hour* timeframe — price: *$2,408.69*
Roughly the same movement as Bitcoin:
*Price:*
- Up 1.04%
- Fell from *$2,579* to a low of *$2,318* on October 15, and is now trying to bounce back
*Moving averages:*
A *small bullish crossover has occurred, but the major resistance is overhead at $2,449*
*RSI = 53.07*
- Neutral with a slight bullish bias — not overbought
*Current situation:*
Ethereum is bouncing back, but it’s weaker than Bitcoin. It needs to break above *$2,450* for us to say the correction is over. If it can’t, it may retest *$2,360*.
#Ethereum
$ETH