ETH’s price struggles to break above key resistance as the price continues to trade in a range mimicking the price of Bitcoin. ETH continues to struggle as price trades close to the demand zone. The price of ETH continues to look indecisive as price trades below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe. The price of Ethereum (ETH) in recent times has looked like it has lost its steam to rally against tether (USDT) as the price has remained in a range-bound movement for over weeks. Despite the uncertainty that has befallen the crypto market in recent weeks, as the price of Bitcoin (BTC) and other crypto assets such as Ethereum (ETH) have seen a slight setback in their price movement, the price of ETH has shown little or no volatility in its price movement as many fear for the price losing its key support. (Data from Binance) Related Reading: Is The Final Wave In Ethereum Up Next? | ETHUSD Analysis October 19, 2022 Ethereum (ETH) Price Analysis On The Weekly Chart. The bear market has been good and favorable for most projects, as this has been a tough time as most projects have seen a price decline of over 50% and have discouraged most traders and investors from hodling these assets. Before the “Ethereum Merge,” the price of ETH saw an increase and rally from the price of ETH as the price outperformed BTC at the time, with many clamoring for $4,000 ETH, but this was just a mere wi...
