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Ethereum rallied to $467 high but was resisted
Ether now fluctuates between $430 and $470
Ethereum (Eth) Current statistics
In current price: $444.90
Forum Capitalisation: 50,429,714,060 $
Latin Edition Trading: 12,712,038,773 $
Major copia zonae: $ 280: $ 320, 360 $
Demanda major plaga: $ 160, 140 $, $ 100
Ethereum (Eth) Price Analysis November XXIX, MMXX
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.
Technical ETH lectio Indicatores
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.
Conclusio
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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