• Possible resistance at $416.04
• Possible support at $410.72
• This week’s highest: $420.14
• This weeks lowest: $420.14
• Last 1 months highest: $423.14
• Last 1 months lowest: $334.55
There is some resistance at $416.04, next resistance sits at $418.71 and strong support level at $410.72 and thereafter at $408.06
If the resistance of $418.71 is crossed, the price is likely to move towards the next strong resistance levels at $419.48. However, if Ethereum fails to cross this resistance level, the price might move down towards the next support levels at $413.30. If this support is crossed, the Ethereum price may move down further to $407 levels.
Newsherder’s ETH/USD Daily Price & Forecast of October 24, 2020, reveals that a downward movement from current levels is expected for Ethereum’s current price with Ethereum showing bearish signals. ETH price is expected to move down towards the support level of $413.30.