EthereumPoW

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ETHW price prediction suggests a temporary pullback rally is possible.</a> </li> 
 <li> <span>2</span> <a>EthereumPoW price struggles to climb above the 50-day EMA.</a> </li> 
 <li> <span>3</span> <a>ETHW crypto price is trading near its yearly low.</a> </li> 
</ul> 
<p>ETHW price prediction is bullish for the short-term period and suggests a rise.&nbsp;</p> 
<p>EthereumPoW price has spent quite a long time in the narrow range between $1.2000 to $1.4000. It is consolidating for the base formation and buyers are trying their best to defend the lows.&nbsp;</p> 
<p>ETHW crypto price is in a strong downtrend and trading below both the EMA. Buyers tried multiple times to pull the price above the 50-day EMA to reverse the short-term trend. But the price kept on facing rejection and traded in the bears’ grip.&nbsp;&nbsp;</p> 
<p>The price pattern of EthereumPoW crypto looks bearish. But until the price slips below the lower range, it will be risky to create fresh short positions.&nbsp;</p> 
<p>In the past few months, a massive spike in the buying volume was visible and prices also reacted violently. It indicates that speculative activities are high so investors must be careful and wait for the confirmation of an upside reversal.&nbsp;</p> 
<p>ETHW price is trading at $1.2022 with an intraday decline of 2.26%. The 24-hour volume to market cap is 2.19%. The ETHW/BTC pair is trading at $0.00004238 with an intraday decline of -2.53%.</p> 
<h2 class="wp-block-heading" id="strong-will-the-ethw-price-expand-the-range-upward-in-november-strong"><strong>Will the ETHW Price Expand the Range Upward in November?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-584.png" alt="ETHW Price Prediction: Will EthereumPoW Price Defend Yearly Low?" class="wp-image-176928" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-584.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-584-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-584-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-584-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-584-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-584-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-584-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   ETHW/USDT daily chart by<a href="https://www.tradingview.com/x/sVVSGk4h/"> Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>ETHW price prediction suggests the crypto price is near to the crucial support so a relief rally may trigger anytime.&nbsp;</p> 
<p>EthereumPoW price has corrected a lot from its swing high so short sellers may look to book the profits which will increase the possibility of pullback.&nbsp;</p> 
<p>Till the <a href="https://www.thecoinrepublic.com/2023/07/01/ethereumpow-price-prediction-ethw-price-rises-67-in-15-days/" target="_blank" rel="noreferrer noopener">ETHW crypto</a> sustains above the $1.2000 level, bulls will remain active and try their best to break the range upward. However, buyers will gain confidence when the price is sustained above the 50-day EMA.&nbsp;</p> 
<p>The technical analysis suggests that investors must wait for upside-range expansion before building up a long position.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-ethererumpow-price-near-four-months-low-strong"><strong>EthererumPoW Price Near Four Months Low</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_04227"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "BITFINEX:ETHWUSD",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_04227"
}
  );
  </script> 
</div>  
<p>EthereumPoW price is trading near its four-month low. Previously, when the ETHW price retested the $1.2000 level, the wild short-covering rally was triggered. So, if the overall crypto market recovers then <a href="https://www.thecoinrepublic.com/2023/07/01/ethereumpow-price-prediction-ethw-price-rises-67-in-15-days/">ETHW </a>crypto might again repeat the previous pattern.&nbsp;</p> 
<p>The MACD curve slopes sideways indicating that a more range-bound session is possible. The RSI at 37 slopes down denotes weakness but if prices decline further the RSI may enter oversold territory.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>ETHW price prediction is bullish for November 2023. The crypto price has consolidated a lot near yearly lows and buyers are trying their best to rebound.&nbsp;The technical analysis suggests that the EthererumPoW price is oversold so a temporary pullback rally is possible.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Resistance levels: $1.8614 and $2.0429</li> 
 <li>Support levels: $1.2000 and $0.9000</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

ETHW Price Prediction: Will EthereumPoW Price Defend Yearly Low?

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 19, 2023

Dan Tapiero’s Insights: A Positive Outlook on the Crypto Market

BlackRock Navigates Bitcoin Spot ETF Rumor Rollercoaster

What makes Ethereum one of the most popular cryptocurrencies?

Shentu (CTK) Price Prediction 2024, 2025, 2030, 2040, and 2050

CGI Federal Pilots Metaverse-Based Logistics Solution for the Marine Corps

Aptos Network faces 5-hour transaction outage on first anniversary

Join our free newsletter for daily crypto updates!