Ethereum

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   Nov 24, 2023 at 10:36 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/49a/900_900_1/ewqb446nauvh6dvv3b4533hfc23vc1tp.jpg" width="900" height="563" alt="" title="">
 <p><strong>Ethereum (ETH) has been trading above the psychological price barrier of $2,000 since November 22.</strong></p>
 <h2 style="text-align: justify;" id="long-term-analysis-of-the-ethereum-price-bullish">Long-term analysis of the Ethereum price: bullish</h2>
 <p style="text-align: justify;">Ethereum coin is gradually rising and retesting the $2,131 level. Once buyers overcome the resistance at $2,131, Ether will reach a high of $2,200. At the time of writing, Ether has reached a high of $2,070.</p>
 <p style="text-align: justify;">According to the price indicators, the market will rise to a high of $2,198. However, the altcoin is trading in the overbought zone of the market. The current uptrend is expected to face resistance above the high of $2,200 as the market is considered overbought. If the altcoin is rejected at its recent high, it will trade between $2,000 and $2,200.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-ethereum-indicators">Analysis of the Ethereum&nbsp; indicators</h2>
 <p style="text-align: justify;">On November 22, Ether resumed its uptrend as the bulls bought the dips after the bears fell below the 21-day SMA. The 21-day SMA has acted as support for the cryptocurrency as it has rallied. Ether continues to rise as the price bars move back above the moving average lines.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators:</h3>
 <p style="text-align: justify;"><b>Key resistance levels – $1,800 and $2,000</b></p>
 <p style="text-align: justify;"><b>Key support levels – $1,600 and $1,400</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="ETHUSD_(Daily Chart) – NOV.24 (1).jpg" src="https://cdn.thebittimes.com/images/2023/11/24/7dff400e09f50792fd61d45ed3ea5995.webp" height="494" title="ETHUSD_(Daily Chart) – NOV.24, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-s-next-for-ethereum">What's next for Ethereum?</h2>
 <p style="text-align: justify;">The largest altcoin will most likely reach a high of $2,200. However, further gains above the $2,200 high are uncertain. At a high of $2,200, sellers will emerge and drive prices down. In the meantime, the largest altcoin has been slowly climbing upwards.</p>
 <p style="text-align: justify;">On November 20, Ether has risen above the psychological price barrier of $2,000 per coin.&nbsp;&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="ETHUSD_(4 hour Chart) – NOV. 24 (1).jpg" src="https://cdn.thebittimes.com/images/2023/11/24/7207e11e647c171378bc19a2823bbaf9.webp" height="494" title="ETHUSD_(4 hour Chart) – NOV. 24, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-struggles-below-2-131-and-aims-for-the-highest-price-tbt71498.html">https://thebittimes.com/ethereum-struggles-below-2-131-and-aims-for-the-highest-price-tbt71498.html</a></p>

Ethereum Struggles Below $2,131 And Aims For The Highest Price

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TheBitTimes

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