Will Ethereum Break the Critical Price Resistance? October 1st Current ETH Price Analysis!

• Ethereum has broken the ceiling of the short-term downtrend, indicating initially a slower descent. The currency finds support around the $1,635 levels while encountering resistance around the $1,720 levels.
• The currency has broken the resistance at $1,640. This suggests further upside potential. In case of negative reactions, support is now found at the $1,640 levels.
• Today’s Ethereum price is $1,685.41 USD, with a 24-hour trading volume of $3,405,130,154 USD. Ethereum has gained 0.50% in the last 24 hours.

Ethereum (ETH) price is trading in a critical range: Important support and resistance levels for ETH price in our current analysis!

Short-Term ETH Analysis

Ethereum has broken the ceiling of the short-term downtrend, indicating initially a slower descent. The currency finds support around the $1,635 levels while encountering resistance around the $1,720 levels. In the short term, the currency is generally considered neutral from a technical standpoint.

Medium-Term ETH Analysis

Ethereum has broken the ceiling of the medium-term downtrend, indicating initially a slower descent or the beginning of a more horizontal development. The currency is moving within a rectangle formation between support at $1,574 and resistance at $1,923. A clear break of either of these levels will signal a new direction for the currency. The currency has broken the resistance at $1,640. This suggests further upside potential. In case of negative reactions, support is now found at the $1,640 levels. Volume has shown good alignment with price peaks and troughs, which strengthens the currency. In the medium term, the currency is generally considered mildly positive from a technical standpoint.

Long-Term ETH Analysis

Ethereum has broken the base of the long-term rising trend channel, indicating initially a weaker pace of ascent. The currency is moving within a rectangle formation between support at $1,574 and resistance at $1,923. A clear break of either of these levels will signal a new direction for the currency. The currency has broken the support levels at $2,000, suggesting further declines. In case of positive reactions, resistance will now be encountered at the $2,000 levels. RSI is diverging negatively from the price in the long term, indicating the possibility of a downward reaction. In the long term, the currency is generally considered mildly negative from a technical standpoint.

Ethereum Price

Today’s Ethereum price is $1,685.41 USD, with a 24-hour trading volume of $3,405,130,154 USD. Ethereum has gained 0.50% in the last 24 hours. According to the current CoinMarketCap ranking, Ethereum is ranked 2nd with a market capitalization of $202,651,320,066 USD. There are 120,238,637 ETH coins in circulation, with no maximum supply.