Ethereum (ETH) Price Analysis: Ether plunges to $3,960 support as bulls recoup above current Support
Login

Ethereum (ETH) Price Analysis: Ether plunges to $3,960 support as bulls recoup above current Support

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Highlights
Ethereum plunges to $3,916 low
Ether is in a bearish trend zone

Ethereum ETH) Current Statistics
The current price: $4,101.19
Market Capitalization: $486,086,303,319
Trading Volume: $13,315,367,317
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis November 28, 2021
Ethereum’s (ETH) price has broken below the moving averages after rejection from the resistance at $4.500. On November 26, Ether dropped sharply to the low of $3,916 as bulls bought the dips. Buyers have an uphill task to push Ether above the moving averages and retest the $4,800 overhead resistance. Today, the altcoin is resuming upward above the $3,960 support. The current support has been holding since October 28. Ether will resume an uptrend when price breaks above the moving averages.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ethereum is at level 45 of the Relative Strength Index for period 14. The biggest altcoin is trading in the downtrend zone and it is below the centerline 50. Ether’s price is below the moving averages which causes the altcoin to decline. Ethereum is above 45% area of the daily stochastic. The altcoin has resumed bullish momentum.

Conclusion
On the 4 hour chart, Ethereum is making an upward move. Buyers are struggling to break above the $4,100 resistance. Meanwhile, on November 26 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ether will fall to level 1.618 Fibonacci extensions or $4,256.41.

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
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News