Ether Nears $2,601–$2,631 Resistance as Breakout and Pullback Scenarios Diverge
Photo: TokenPost
Ether (ETH) traded at $2,571.74 early Oct. 12, below its 20-day moving average and near resistance at $2,601.21 and $2,630.68, as two technical setups outlined different paths for the token’s next move. ETH was up 2.63% over 24 hours on Binance spot at 3:17 a.m. ET (07:17 UTC). Its session range was $2,497.85 to $2,579, while the seven-day and 50-day moving averages stood at $2,549.90 and $2,558.95, respectively. Support levels were identified at $2,520.06 and $2,468.38, with a pivot at $2,549.53. The 14-period relative strength index was 48.33, while the moving average convergence-divergence reading was -3.037 with a zero histogram.
Source: TokenPost
