Ethereum (ETH)
Ethereum is currently trading within a broad sideways range between the support zone of $1,852-$1,915 and the resistance zone of $2,090-$2,141. Despite showing promising growth on November 10, Ethereum has not yet updated its yearly high.
Currently, Ethereum's primary objective is to maintain its upward momentum. Beyond the existing resistance zone, there's a seller's level at $2,200, and further up, the $2,300 mark stands as the next target for buyers.
A potential correction in Bitcoin's chart could similarly impact Ethereum's price. If a downturn occurs, Ethereum might test lower support levels at $1,790, $1,705, and in the range of $1,630 to $1,672. It should be noted that Ethereum's price corrections could be more severe compared to Bitcoin's. Nonetheless, Ethereum has a higher potential for an upward trend.
Ethereum is currently trading within a broad sideways range between the support zone of $1,852-$1,915 and the resistance zone of $2,090-$2,141. Despite showing promising growth on November 10, Ethereum has not yet updated its yearly high.
Currently, Ethereum's primary objective is to maintain its upward momentum. Beyond the existing resistance zone, there's a seller's level at $2,200, and further up, the $2,300 mark stands as the next target for buyers.
A potential correction in Bitcoin's chart could similarly impact Ethereum's price. If a downturn occurs, Ethereum might test lower support levels at $1,790, $1,705, and in the range of $1,630 to $1,672. It should be noted that Ethereum's price corrections could be more severe compared to Bitcoin's. Nonetheless, Ethereum has a higher potential for an upward trend.
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