ETH’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $1,700. ETH faces a major issue to trend and holds higher above $1,500 after the price broke out of its downtrend descending triangle price movement. ETH’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Ethereum (ETH) has continued to hold strong as price trends toward the region of $1,700 as the price faces a key issue ahead of a big move, considering how tough breaking above $1,450 has been for the price of Ethereum after moving in range for several weeks. The past few days have seen the crypto market has looked more decent, with the likes of Bitcoin (BTC) and Ethereum (ETH) showing some great price movement in recent times. With ETH price rallying from $1,300 to a region of $1,580 as price aims to outperform BTC in the coming days ahead of its monthly close. (Data from Binance) Related Reading: Bitcoin Fails To Break $21,000, Is Uptober Still In Play? Ethereum (ETH) Price Analysis On The Weekly Chart In recent times, Ethereum has struggled to regain its bullish momentum; despite the uncertainty that has befallen the crypto space, the price of ETH hasn’t enjoyed a measure of relief following the post “Ethereum Merge.” Before the merger, the price of ETH soared from a weekly low of $900 to a high of $2,0...
