Ethereum Varies Below $3,400 As It Aims For A Peak Of $3,800

Ethereum (ETH) Current Statistics

The current price: $3,329.62
Market Capitalization: $400,311,871,788.44
Trading Volume: $38,329,308,990.86
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis November 26, 2024

Ethereum’s (ETH) price has fallen from its $3,400 barrier level while aiming for a peak of $3,800. For the last two weeks, buyers have made three failed attempts to keep the price above the $3,400 barrier mark. On November 25, Ether was rejected from its recent high, causing it to fall. It has retraced and paused in the middle of the price range.

The largest altcoin is currently oscillating above the moving average lines but below the $3,400 barrier level. The current pricing range has lasted since November 12. On the downside, Ether may see further selling pressure if the bears breach below the 21-day SMA or the $3,000 level. The altcoin will return to the previous low of $2,850 or the 50-day SMA support. Ether will resume a bullish trend if buyers sustain the price above $3,400. Ether will aim for highs of $3,800 and $4,000.

ETH Technical Indicators Reading

Ether has maintained its upward trend, retracing and staying above the 21-day SMA. The cryptocurrency price ranges are determined by the extended candlestick wick and tail. The price behavior at the recent peak indicates substantial buying and selling pressure. The price behavior at the recent peak indicates substantial buying and selling pressure.

Conclusion

Ether is trading sideways while aiming for a peak of $3,800. On the four-hour chart, the cryptocurrency is currently caught between the moving average lines. The selling pressure has ceased above the 50-day SMA. Ether increases as it nears the 21-day SMA resistance.

When it breaks above the 21-day simple moving average, the upward trend will begin. Price fluctuation will continue as long as the moving average lines stay unbroken. The crypto signal has a limited range because the altcoin is trapped.

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