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.
The market does not seem to need any time for rest as the prices of all the top 10 coins are rising.
ETH/USD
Ethereum (ETH) is one of the most rising coins, its price has rocketed by 8.39%.
Despite the rise, Ethereum (ETH) has formed a local resistance level at $1,640 after its false breakout. However, if the rate remains above $1,600, the growth might continue tomorrow as the volume is high.
On the daily time frame, Ethereum (ETH) has broken the vital $1,600 mark. If bears cannot seize the initiative, the rise might continue next week, which could lead to a test of the $1,700 zone.
From the midterm point of view, Ethereum (ETH) has started to realize the accumulated energy.
If the situation remains the same, traders may see the price of the leading altcoin near the closest resistance at $1,789 by mid-November.
Ethereum is trading at $1,619 at press time.
Arman Shirinyan
Alex Dovbnya
