Ethereum

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The prices of coins keep rising; however, there are <a href="https://u.today/btc-eth-and-bnb-price-analysis-for-november-9" rel="noopener noreferrer nofollow">some exceptions</a> from the rule. <img data-entity-type="file" data-entity-uuid="fd82b022-1062-4352-84d7-38ae4d8430c2" src="https://u.today/sites/default/files/inline-images/top10_765.png">ETH chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The rate of Ethereum (ETH) has increased by 3.08% over the past 24 hours. <img data-entity-type="file" data-entity-uuid="9c4bc397-878e-41ca-8413-d02d35299dff" src="https://u.today/sites/default/files/inline-images/eth1_96.png">Image by&nbsp;<a href="https://www.tradingview.com/sybols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of Ethereum (ETH) has bounced off the local support level of $2,071.
However, if the daily bar closes not far from it, bears may seize the initiative, which can lead to a drop to the $2,040 zone. <img data-entity-type="file" data-entity-uuid="b5353fb3-6eac-4414-a75a-8f7acd6e378e" src="https://u.today/sites/default/files/inline-images/eth2_101.png">Image by&nbsp;<a href="https://www.tradingview.com/sybols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the daily chart, the rate of ETH has made a false breakout of yesterday's bar peak. If the candle closes below the important zone of $2,100, the correction may continue to the $2,000-$2,050 area in the next week. <img data-entity-type="file" data-entity-uuid="c4881e14-ae40-460a-a26f-4b3cb6ec95c2" src="https://u.today/sites/default/files/inline-images/eth3_91.png">Image by&nbsp;<a href="https://www.tradingview.com/sybols/ETHUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger chart, one should focus on the bar closure in terms of the level of $2,029. If it happens above that mark, the ongoing rise may continue to the $2,100 area and above.
Ethereum is trading at $2,086 at press time.

Ethereum (ETH) Price Analysis for November 10

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