Ethereum price gets a negative signal – Analysis - 25-10-2019

Ethereum price hovers around 160.00 level, and the negative effect of the head and shoulders’ pattern still active, noticing that stochastic provides negative overlapping signal now, which supports the chances of resuming the expected bearish trend on the intraday basis, which targets testing 149.10 level initially.

Therefore, we will keep our bearish overview conditioned by the price stability below 168.50, reminding you that surpassing the first target will push the price to 135.50 as a next station.

The expected trading range for today is between 149.10 support and 168.50 resistance

The expected trend for today: Bearish