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Ethereum (ETH) Price Prediction for November 30

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Sat, 30/11/2024 - 15:00
Ethereum (ETH) Price Prediction for November 30
Cover image via U.Today

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The weekend has started with a correction of some coins, according to CoinMarketCap.

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Top coins by CoinMarketCap

ETH/USD

The price of Ethereum (ETH) has increased by 1.60% over the last day.

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Image by TradingView

On the hourly chart, the rate of ETH is in the middle of the local channel, between the support of $3,578 and the resistance of $3,726.

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As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day.

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Image by TradingView

On the bigger time frame, one should pay attention to the bar closure in terms of the $3,684 level. If a false breakout happens, traders may witness a drop to the $3,500-$3,600 range soon.

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Image by TradingView

From the midterm point of view, there are no reversal signals so far. However, the rate of the main altcoin is far from the key levels. In this case, sideways trading in the area of $3,500-$3,800 is the more likely scenario.

Ethereum is trading at $3,668 at press time.

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