The Ethereum market is still feeling bearish pressure. The crypto market has been making a systematic rally as the price continues to plummet.
This is still due to the collapse of FTX, even though it had previously rallied in September. Over the past week, the Ethereum price has declined by about 7.19%, and it is still docked to go lower.
Ethereum Key Levels To Watch – November 22
The sellers are now docked to push prices momentarily lower in the market. The moving averages of days 9 and 26 are far apart as selling tendencies continue to hold.
The MACD (moving average convergence and divergence) indicator is currently declining as the bearish histogram continues to fall. With less buying activity at the moment, the Ethereum price is likely to explode downward.
As the price is now selling orders back to the 1099.60 key zone, the bears are more likely to fill the price liquidity flow buyers opened up. Traders should therefore anticipate price movement down to this level in the coming days.
ETH Key Levels
Resistance Levels: $1783.60 $1444.10
Support Levels: $1304.50 $1099.60
Total Market Capitalization: $803B
Ethereum Market Capitalization: $139B
Ethereum Volume: $9B
Market Rank: #2
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