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Ethereum (ETH) Price Analysis for November 19

Sat, 11/19/2022 - 12:25
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Denys Serhiichuk
Has Ethereum (ETH) found local support level yet?
Ethereum (ETH) Price Analysis for November 19
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Bulls could not keep up yesterday's growth, and most of the coins are back in the red zone.

Top 10 coins by CoinMarketCap


The rate of Ethereum (ETH) has declined by 0.78% over the last 24 hours.

ETH/USD chart by TradingView

Despite the fall, Ethereum (ETH) has started the day with a false breakout of the local support level at $1,200. At the moment, the rate is slowly approaching the resistance at $1,210.

Bitcoin (BTC) Price Analysis for November 18

If the situation does not change, the rise may lead to a test of the $1,220 zone soon.

ETH/USD chart by TradingView

On the daily chart, Ethereum (ETH) keeps trading sideways as the rate is far from the key levels. However, if buyers lose the $1,200 area, one can expect a sharp move to $1,100 by the end of the week.

ETH/USD chart by TradingView

Ethereum (ETH) is trading near the support level formed by the false breakout at $1,155. The selling volume remains high, which means that bears are more powerful than bulls at the moment. Respectively, the more likely scenario is a decline to the important level at $1,000.

Ethereum is trading at $1,207 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