Advertisement
AD

Main navigation

BTC and ETH Price Analysis for November 8

Advertisement
Tue, 8/11/2022 - 15:34
BTC and ETH Price Analysis for November 8
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The drop has continued as all top 10 coins remain in the red zone.

Advertisement

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by almost 5% over the last 24 hours.

BTC/USD chart by TradingView

Bitcoin (BTC) has continued to drop since yesterday and reached the middle of the wide channel. At the moment, one needs to pay attention to the vital $20,000 mark. If buyers cannot return to it and fix above it, there are chances to see the test of the support level at $18,157.

Bitcoin is trading at $19,434 at press time.

ETH/USD

Ethereum (ETH) is more of a loser than Bitcoin (BTC), going down by 6.21%.

ETH/USD chart by TradingView

On the daily chart, Ethereum (ETH) is on its way to the support level at $1,407. If the price bounces back, there are chances to see a local rise to the $1,500 area by the mid-November. However, if the bar closes below the mentioned mark, the downward move can continue up to the $1,350 zone.

Ethereum is trading at $1,449 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles