Ethereum (ETH) Price Analysis for October 29

Ethereum (ETH) Price Analysis for October 29

The market does not seem to need any time for rest as the prices of all the top 10 coins are rising.

ETH/USD

Ethereum (ETH) is one of the most rising coins, its price has rocketed by 8.39%.

ETH/USD chart by TradingView

Despite the rise, Ethereum (ETH) has formed a local resistance level at $1,640 after its false breakout. However, if the rate remains above $1,600, the growth might continue tomorrow as the volume is high.

ETH/USD chart by TradingView

On the daily time frame, Ethereum (ETH) has broken the vital $1,600 mark. If bears cannot…


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