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Ethereum (ETH) Price Analysis for November 14

Mon, 11/14/2022 - 15:33
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Denys Serhiichuk
Can Ethereum (ETH) rise against market decline?
Ethereum (ETH) Price Analysis for November 14
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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

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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Binance Coin (BNB) Price Analysis for November 12

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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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.