Ethereum Looks Ahead as Buyers Gain More Strength

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Ethereum looks ahead as buyers gain more strength. The past week’s activity resulted in losses as the Ethereum price slipped by 1.8% in Asia. PAC trading. Protests were held across China as a result of the lockdown measure put in place by the government. This has also raised a lot of concern among traders and investors in the crypto space.

Ethereum seems to be under pressure from the weekend as several other companies, like Apple, issued a statement saying that they are falling behind as regards their expectations for the delivery of iPhones. However, as the new week unfolds, the bulls could still override the pressure as we anticipate an easing of the COVID restriction.

Ethereum Key Levels to Watch – November 29

The buyers have turned out to be very impressive at the moment. More gains have been observed recently as buyers have overcome selling pressure.

Ethereum Looks Ahead as Buyers Gain More Strength

Sell traders drove the cryptocurrency price down from a significant level of $1269.30 to a critical zone of $1099.60.The bulls were determined to reverse the trend but somehow were held back along the way.

The buyers are currently building strength to push back to the $1269.30 key zone. The moving average crossing is posing the possibility of a crossover as buyers seek further gains back to the $1269.30 significant zone.

Ethereum Key Levels

Resistance Levels: $1998.80, $1794.80, 1648.50
Support Levels: $144.10, $1269.30, $1099.60

Total Market Capitalization: $148B
Ethereum Market Capitalization: $148B
Ethereum Volume: $7B
Market Rank: #2

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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.