Ethereum

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The market might have found a local peak, as <a href="https://u.today/bitcoin-btc-price-analysis-for-october-26" rel="noopener noreferrer nofollow">most of the coins</a> are in the red zone. <img data-entity-type="file" data-entity-uuid="a47b0814-a849-4521-b59c-14f5853235a5" src="https://u.today/sites/default/files/inline-images/top10_737.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The price of Ethereum (ETH) has fallen by 1.71% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="0183dfed-63ad-4d66-bfb1-00e7b87f517d" src="https://u.today/sites/default/files/inline-images/eth1_93.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of Ethereum (ETH) is looking bearish as the rate is coming back to the local support level of $1,774.7. If the situation does not change by the end of the day, the breakout may lead to a test of the $1,750 zone on the weekend. <img data-entity-type="file" data-entity-uuid="26125d18-fc47-41c4-af41-795ccd52db93" src="https://u.today/sites/default/files/inline-images/eth2_99.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price of ETH keeps falling after a false breakout of the resistance of $1,854. At the moment, traders should focus on the $1,755 level.&nbsp;
If the bar closes below it, sellers may seize the initiative for the next few days. <img data-entity-type="file" data-entity-uuid="94d85616-af3a-41f7-a5f1-61d59f325e0c" src="https://u.today/sites/default/files/inline-images/eth3_89.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the candle closure in terms of the level of $1,744. If the bar closes above it and with no long wick, growth may continue to the $1,900 zone in the first part of December.
Ethereum is trading at $1,777 at press time.

Ethereum (ETH) Price Analysis for October 27

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