Ethereum (ETH) Price Analysis: Ether Rebounds as Bulls Breach More Resistance Levels, Targets the $620 High

Ethereum (ETH) Price Analysis: Ether Rebounds as Bulls Breach More Resistance Levels, Targets the $620 High

Key Highlights
Ether rebounds above $470 support, resumes upward
Ethereum is in a fresh uptrend, targets the $620 high

Ethereum (ETH) Current Statistics
The current price: $565.32
Market Capitalization: $64,184,370,910
Trading Volume: $24,563,337,109
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis November 22, 2020
Ethereum makes an impressive bullish run as bulls breach more resistance levels. Firstly, the bulls broke the $488 overhead resistance and moved up to breach the $550 high. Buyers have been able to push above the $550 high. On the upside, if buyers are successful, the biggest altcoin will reach a high of $620. Conversely, if the bears break below the $550 support, the coin will resume a downward move.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The price has broken the resistance line of the ascending channel. This indicates that the bullish momentum has resumed on the upside. The altcoin is above the 80% range of the daily stochastic. It implies that the coin is trading in the overbought region of the market.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum is likely to move on the upside as bulls break the $488 overhead resistance. On November 19 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. This gives the impression that the uptrend will continue to rise to the level of the 2.618 Fibonacci extensions. That is the high of $654.46.


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Ethereum (ETH) Price Analysis: ETH Breaks $480 Overhead Resistance but Fails to Sustain Upside Momentum

Ethereum (ETH) Price Analysis: ETH Breaks $480 Overhead Resistance but Fails to Sustain Upside Momentum

Key Highlights
Ether breaks $480 high but fails to sustain the uptrend
The crypto has plunged to a $457 low and resumes correction

Ethereum (ETH) Current Statistics
The current price: $474.45
Market Capitalization: $53,839,786,699
Trading Volume: $17,955,518,416
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis November 18, 2020
Today, Ethereum bulls have broken the $480 overhead resistance but the bulls failed to sustain the uptrend. The breakout at the $480 resistance pushed the coin to a high of $494. Buyers could not hold the current price level as Ether plunged to a $457 low.

The price made an upward correction and retested the $482 high but sellers are on hand to push the coin downward. After the retest, Ether is making a downward move as the coin is approaching the low of $470. On the downside, the selling pressure will persist if the bears break below the $450 support level.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether has fallen and it is at level 60 of the Relative Strength Index period 14. The coin is in the uptrend zone and above the centerline 50. The price bars are above the SMAs which suggest the rise of the coin.

ETH/USD – 3 Hour Chart

Conclusion
Ethereum’s upward move is doubtful as the coin was repelled from the high of $494. The biggest altcoin fell to the support above $450. On November 18 breakdown, a retraced candle body tested the 50% Fibonacci retracement level. This gives the impression that the downtrend continues to the 2.0 Fibonacci retracement level. That is a low of $419.61.


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Ethereum (ETH) Price Analysis: ETH Slumps to $454 Support, Resumes Fluctuation Between $454 and $463

Ethereum (ETH) Price Analysis: ETH Slumps to $454 Support, Resumes Fluctuation Between $454 and $463

Key Highlights
In the last 24 hours, Ether faced another rejection at $480
The biggest altcoin in a tight consolidation between $454 and $463

Ethereum (ETH) Current Statistics
The current price: $456.27
Market Capitalization: $51,757,559,091
Trading Volume: $10,487,601,167
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis November 15, 2020
Yesterday, Ethereum bulls retested the $480 resistance zone but were repelled. Ether plunged to the low at $254 and the price was corrected upward. ETH price fell and found support above $450 indicates the resumption of upside momentum.

However, if the bears have broken below the $450 support, the upside momentum would have been invalidated. This has been the market scenario since November 11. For the past 24hours, the price movement has been restricted between $454 and $463. Buyers will have to break the minor resistance of $463 before retesting the $480 overhead resistance. Similarly, a break below $454 will compel the coin to drop to $409 low.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether price breaks below the resistance line of the ascending channel. If the price breaks the $450 support, the selling pressure will continue. Today, ETH is above the 80% range of the daily stochastic. We have seen the emergence of sellers in the overbought region of the market. Selling pressure is ongoing.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum upward move is facing rejection at the $480 resistance. Nonetheless, if this resistance is breached, the Fibonacci tool analysis will hold. On November 7 uptrend, the retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the crypto will rise to level 1.618 Fibonacci extension which is $522.21high.


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Ethereum (ETH) Price Analysis: Ether Hovers Above $450 Support for a Possible Uptrend Continuation

Ethereum (ETH) Price Analysis: Ether Hovers Above $450 Support for a Possible Uptrend Continuation

Key Highlights
Ether fluctuates above $450 support
The coin has a target price of $488 high

Ethereum (ETH) Current Statistics
The current price: $458.89
Market Capitalization: $52,029,363,330
Trading Volume: $14,108,917,588
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis November 11, 2020
On November 10, the altcoin rebounded but could not break the $470 resistance. The upward move was repelled as price retraced to the $455 low. The upside momentum will always resume as long as price finds support above $450 support.

Presently, the coin is trading at $462 at the time of writing. On the upside, a strong bounce above $460 will propel price to break the $470 resistance. Ether will rally above $488 once the $470 resistance is breached. The upside momentum will be invalidated if the bears break the $450 and the $430 support level.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ethereum is trading above the resistance line of the ascending channel. The biggest altcoin will continue to trend higher as long as price is sustained above the resistance line. The coin will resume a downward move if the price breaks below the resistance line.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum bulls are close to breaking the resistance at $470. Once the resistance is broken the Fibonacci tool analysis will hold. When the coin was resisted on November 7 uptrend, the retraced candle body tested the 50% Fibonacci retracement level. This explains that the coin is likely to move up to level 2.0 Fibonacci extension which is $539.17 high.


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Ethereum (ETH) Price Analysis: Ethereum Consolidates Between $430 and $470, an Upward Move Likely

Ethereum (ETH) Price Analysis: Ethereum Consolidates Between $430 and $470, an Upward Move Likely

Key Highlights
Ethereum rallied to $467 high but was resisted
Ether now fluctuates between $430 and $470

Ethereum (ETH) Current Statistics
The current price: $444.90 
Market Capitalization: $50,429,714,060
Trading Volume: $12,712,038,773
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis November 8, 2020
On November 7, Ether traded and reached a peak price of $467. The biggest altcoin is now in a sideways move as buyers fail to push above the $470 resistance level. The bottom line is that if the bulls sustain a price above $450, the upside momentum will resume.

Meanwhile, the crypto is fluctuating between $430 and $470. A break below $430 will invalidate the current upward move. Besides, the coin will slump to a $390 low. Conversely, if the bulls break the $470 resistance, ETH will reach a high of $488. Nevertheless, Ether is trading at $451 at the time of writing.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
ETH is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region of the market. Sellers may emerge to push prices downward. The coin has a bullish crossover as the 21-day SMA crosses over the 50-day SMA.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum is consolidating above $ 430 support after rejection from the recent high. On November 7 uptrend, Ether was resisted. The retraced candle body tested the 50% Fibonacci retracement level. The implication is that the coin will rise and reach level 2.0 Fibonacci extension or $536.44.



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Ethereum (ETH) Price Analysis: ETH Resumes Uptrend, Breaks Previous Resistance Levels

Ethereum (ETH) Price Analysis: ETH Resumes Uptrend, Breaks Previous Resistance Levels

Key Highlights
Ether rebounds above $376, breaks resistance at $380 and $395
Ethereum is likely to reach a high of $420

Ethereum (ETH) Current Statistics
The current price: $402.11
Market Capitalization: $45,554,549,947
Trading Volume: $14,203,450,629
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis November 4, 2020
Today, Ethereum rebounded above $376 as price breaks the resistance at $380 and $395. The price surge reached a high of $408 but there was a pullback. The price is hovering above the $400 support. For the upside momentum to continue, the bulls must sustain the bullish momentum above $395. The biggest altcoin will reach a high of $420 if the momentum is sustained. Conversely, if price retraces and breaks below $395, Ether is likely to fall to $380 support. ETH is trading at $402 at the time of writing.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ethereum breaks above the SMAs which suggests that the coin is likely to rise. Presently the SMAs are sloping horizontally indicating the sideways move. The coin is at level 57 of the Relative Strength index period 14.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum has resumed upward move as price breaks the previous resistance. On November 3 uptrend, ETH was resisted at $390. However, the retraced candle body tested the 50% Fibonacci retracement level, This implies that the market will rise and reach a high of 2.0 Fibonacci extension or the high of $409.16.



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Ethereum (ETH) Price Analysis: Ether Bulls Buy the Dips, Target $420 High

Ethereum (ETH) Price Analysis: Ether Bulls Buy the Dips, Target $420 High

Key Highlights
Ether consolidates between levels 375 and $394
The upward move likely

Ethereum (ETH) Current Statistics
The current price: $389.05
Market Capitalization: $44,059,391,006
Trading Volume: $8,913,925,698
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis November 1, 2020
Ethereum has continued its upward move after recovering above $380 support. On October 30, the biggest altcoin fell to the low at $375 as the bulls buy the dips. The coin has moved up and retested the high of $394. Presently, the coin is fluctuating between $375 and $394.

Ether will rise as long as the bulls sustain price above $380. Alternatively, a breakout at $394 will cause the coin to rally above $420. However, if the bulls fail to break the current resistance, the sideways move between $375 and $394 will continue.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is still trading in the middle of the ascending channel. The coin is yet to break the resistance and the support lines of the ascending channel. However, the price breaks the 21-day SMA and has recovered above it. The upward movement will continue.

ETH/USD – Daily Chart

Conclusion
The major resistance to Ether’s upward move is the resistance at $420. According to the Fibonacci tool, Ether is likely to rise. On October 12 uptrend, the retraced candle tested the 61.8 Fibonacci retracement level. This implies that the biggest altcoin will rise and reach a level of 1.618 Fibonacci extension




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Ethereum (ETH) Price Analysis: Ether Slumps to $382 Low, Risks Further Decline

Ethereum (ETH) Price Analysis: Ether Slumps to $382 Low, Risks Further Decline

Key Highlights
Ethereum faces rejection at $420, may drop to $382
Ether will reach a low of $320 if the selling pressure persists

Ethereum (ETH) Current Statistics
The current price: $387.56
Market Capitalization: $43,869,223,825
Trading Volume: $17,057,619,506
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis October 28, 2020
Ethereum is on a downward move after failing to break the resistance at $420. The coin has been on a downward move after the rejection at the recent high. Today, the coin has fallen and reached a low at $382. On the downside, if the bears break below the $380 support, the downtrend will resume. The crypto will drop to the low at $320. On the other hand, if the $380 support holds, the uptrend will resume. Buyers will push the price upward and attempt to revisit the previous high.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The price has fallen to the support above the 21-day SMA. A break below the SMAs will mean a further downward movement of the coin. The biggest altcoin is below the 80% range of the daily stochastic. It indicates that the coin is in a bearish momentum.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum is trading above the critical support at $380. The Fibonacci analysis will hold if the bears break the $380 support. On October 26 downtrend; the retraced candle tested the 38.2% Fibonacci retracement level. It indicates that the market will fall to a level 2.618 Fibonacci extension. That is at the low of $321.41.




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Ethereum (ETH) Price Analysis: ETH Faces Rejection at $420, Fluctuates Between Levels $400 and $420

Ethereum (ETH) Price Analysis: ETH Faces Rejection at $420, Fluctuates Between Levels $400 and $420

Key Highlights
Ethereum battles resistance at level $420 high
The coin is likely to reach another high of $434

Ethereum (ETH) Current Statistics
The current price: $415.57
Market Capitalization: $47,020,287,242
Trading Volume: $12,506,980,622
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis October 25, 2020
Following the breaking of the $395 overhead resistance, Ethereum resumed upside momentum. However, the coin rallied to a high of $420 and was resisted. Since October 22, the upward move has been resisted as the coin resumed a sideways trend below the resistance. On the upside, if the price breaks the current resistance, the coin will resume the uptrend. However, Ether will face another resistance at $440. The coin will rally to $480 if the current resistance is broken.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The 21-day and 50-day SMAs are sloping upward indicating the uptrend. Ether has risen to level 65 of the Relative Strength Index period 14. It indicates that the market is in the bullish trend zone. The coin is approaching the resistance line of the ascending channel. A break above it will push the coin upward.

ETH/USD – Daily Chart

Conclusion
Ethereum will rise after breaking the resistance at $420. The Fibonacci tool analysis has indicated an upward move to level 1.618 Fibonacci extensions. The market will reach another high of $434.55.



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Ethereum (ETH) Price Analysis: ETH Surges Ahead, Break the Resistance at $395 High

Ethereum (ETH) Price Analysis: ETH Surges Ahead, Break the Resistance at $395 High

Key Highlights
Ethereum is trading in the bull market
ETH breaks the resistance at $395, targets $430 high

Ethereum (ETH) Current Statistics
The current price: $396.05 
Market Capitalization: $44,790,814,548
Trading Volume:  $19,161,188,307
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis October 21, 2020
Ethereum is making an impressive move on the upside. Today, the buyers have broken the $380 resistance. If the current momentum is sustained, a retest at the $395 high is possible. The upside momentum will resume and price will reach the highs of $440 and$470.

However, if the buyers face another resistance at the $395 high, Ether will fall. The downtrend will resume if the price retraces below $350. The price will fall to the previous low at $310. Today, Ether has risen
and it is approaching the next resistance at $395.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The biggest altcoin is likely to rise as the price is above the SMAs. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. Ether is at level 61 of the Relative Strength Index period 14. It indicates that the market is in the bullish trend zone.

ETH/USD – Daily Chart

Conclusion
From the price action, the bulls have broken the resistance at the $395 high. The market is likely to reach the anticipated price level. On October 12 uptrend, the coin was resisted but the retraced candle body tested the 61.8% Fibonacci retracement level. This indicates that the market will rise and reach a high of level 1.618. That is the high of $433.



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