8-Hour Analysis:
Big Picture: Ethereum had another outstanding session, which was heavily dominated by the buyers. Price remained bullish and climbed as high as 1595 before giving way to profit-taking. Ethereum almost broke the target levels. It is still holding strong, and any pullbacks into breakout supports could entice new buyers.
![](https://bkcryptocrusher.com/wp-content/uploads/2022/10/ETH-8H-27th-Oct-1024x500.png)
On the Upside Ethereum is likely to face initial resistance between 1595 and 1600. This will be a critical level to break if the price is to maintain its bullish momentum. However, the lower time frames currently suggests a much-needed breather. Above 1600, the next levels of resistance are seen at 1650-1680. If these levels are tested, expect aggressive profit-taking.
On the Downside the session’s initial support remains at 1500, followed by 1465. These are acceptable intra-day support levels that will provide appropriate response upon tests. However, the key support for the session remains in the 1440-1420 range. The EMA-200 and breakout-based supports are located in this region. Sustaining this level will completely favor bulls.