Ethereum (ETH) Price Analysis: Ether Fluctuates Between $3,960 and $4.400, Up-trending Unlikely

24 November 2021 | Updated: 24 November 2021

Highlights
Ethereum fluctuates between $3,960 and $4.400
Ether trades in a sideways trend

Ethereum ETH) Current Statistics
The current price: $4,210.54
Market Capitalization: $498,828,588,868
Trading Volume: $20,506,959,943
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis November 24, 2021
Ethereum’s (ETH) price has continued to fluctuate between the two moving averages. Ether will only trend when the moving averages are breached. Yesterday, buyers pushed the altcoin but could not break above the 21-day line moving average. Today, Ether is declining to the 50-day line moving average. This has been the price action since November 18. When price breaks below or above the moving average and the momentum are sustained then we have a trend.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ethereum is at level 48 of the Relative Strength Index for period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. Ether’s price is between the 21-day line and 50-day line moving averages indicating a sideways move. Ether is below the 80% range of the daily stochastic. The market is in a bearish momentum.

Conclusion
On the 4 hour chart, Ethereum is still in a downward move. The downtrend is likely to resume as it faces rejection at $4,400.
Meanwhile, on November 10 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.618 Fibonacci extensions or $3,840.64.

ETH/USD – 4 Hour Chart


You can purchase crypto coins here. Buy Tokens

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.