Ethereum has had an evolution in September full of ups and downs. It started the month at $2,513.06 and ended at $2,603.48 but with moments of considerable falls, although it has finally recovered ground.
As we can see in the image above, the technical indicators inform us of strong sales and the mobile indicators show a bearish trend, although not very strong. What we can interpret with a bearish trend for the next month. It is not a very strong trend, but it is worth taking into account.
In the technical indicators we can see that there is a clear and well-defined bearish trend. Most of the indicators indicate selling and only one gives a buy signal. This tells us that we are in a period of high volatility with possible falls and rises.
In the moving averages section, the majority sentiment is selling, although there are some long-term indicators that indicate buying. From this we can think that the future is very uncertain. Everything will depend on the trend set by Bitcoin, which always tends to push the market.
Conclusion
I see a certain instability in the market price. The only thing I see in favor of Ethereum is that it is at an interesting price to buy (it is my personal intuition) and a possible increase in this price in October.
It must be taken into account that the market is highly influenced by international events and the current situation is delicate.
