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Ethereum (ETH) Price Analysis for November 14

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Mon, 14/11/2022 - 15:33
Ethereum (ETH) Price Analysis for November 14
Cover image via www.tradingview.com

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Even though the bearish pressure remains relevant, some coins have come back to the green zone.

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Top 10 coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is one of the biggest gainers today, going up by 1.43%.

ETH/USD chart by TradingView

On the hourly chart, the rate of Ethereum (ETH) has bounced off the support level of $1,180. However, the growth has been stopped at the resistance at $1,275.

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At the moment, the more likely scenario is consolidation in the middle of the channel, around the $1,220 mark.

ETH/USD chart by TradingView

On the bigger time frame, Ethereum (ETH) has made a false breakout of the $1,196 mark. If buyers can hold the gained initiative, the correction may lead to the test of the $1,300 zone this week.

ETH/BTC chart by TradingView

The situation is bullish against the chart of Bitcoin (BTC). At the moment, the price is located near the resistance at BTC 0.07563. If a breakout happens, the energy might be enough for a rise to the BTC 0.07978 mark.

Ethereum is trading at $1,248 at press time.

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