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ETH Price Prediction for Today, September 26: ETH Is at $1,250

ETH Price Prediction for Today, September 26: ETH Is at $1,250

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ETH is $1,250 – September 26th
Ethereum is at $1,250 after resorting to a downtrend in the last session. In the last 30 days, buying and selling have been between $1229.43 and $1388.27, with an average positive percentage of 1.92.

Ethereum (ETH) Statistics:
ETH price now – $1,321.88
ETH market cap – $161.9 billion
ETH circulating supply – 122.5 million
Total supply of ETH – 122.5 million
Coinmarketcap Ranking – #2

ETH is $1,250: ETH Market
Key levels:
Resistance levels: $1500, $1750, $2000
Support levels: $1,250, $1,150, $1,050

ETH/USD – Daily Chart
The ETH/USD daily chart depicts the crypto at and around the $1,250 support level, in a relative consolidation pattern. The 14-day SMA is at $1,464.84, below the 50-day SMA at $1,623.07. Horizontal strategically drawn along the previously mentioned value line to indicate the current critical line that the price must cross to confirm the possibility of further declines. The stochastic oscillators have turned north from the oversold area to the 22.26 and 25.82 range points. This means that swing highs may soon occur.

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Can the ETH/USD market break further at the $1,250 support level?

With the price of the crypto at the $1,250 line, the possibility of the ETH/USD market breaking above the level could be that the price is being deliberately allowed to retest the previous lower $1,000 trading point. And in the long run, it may give way in an upward movement. Long investors pay attention to the stochastic oscillator reading and complement it with price action that tried to forge north against the 14-day SMA trendline before initiating a buy order.

The downside of technical analysis is that the ETH/USD market rates may weigh more downwards at this point, averaging around a 25% decline point. Therefore, sellers are wary of issuing new shorting orders without following the principles of proper position management. The value line may undergo a breakdown and an unprecedented recovery against it, setting the market’s journey in a bullish style for the next few trading days.

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ETH/BTC Price Analysis

In comparison, Ethereum still shows up and is higher than Bitcoin’s ability in the high trading space. The 14-day SMA indicator has momentarily moved towards the 50-day SMA indicator. The rising trendline pulled north to touch the area where the various candlesticks are positioned close below the trendline of the larger SMA. The stochastic oscillators have managed to move slightly from the zero area to the 19.03 and 22.72 range points. That means the underlying crypto may take time to push further north against its counter-traded crypto.

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