Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Ethereum price prediction from a previous analysis Ethereum Trading Back At This Level. What Now?
In our previous Ethereum analysis Ethereum Trading Back At This Level. What Now? we talked about the $1,233 key level and how it was a major resistance the bears were struggling to hold on to.
Well, the Ethereum price has spiked through that key resistance. This spike in price saw a massive rally follow in the Ethereum lower timeframe.
But how long can this rally last? Right now, Ethereum is already running into another major resistance in the 1-hour timeframe. How the price reacts to this $1,417 resistance region will affect the trend the Altcoin will take in the coming days.
To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $4,380 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link
Claim up to $30,030 in Bonus
100x Leverage
Start TradingEthereum Running Into Major Resistance In The 1-hour Timeframe.
Ethereum Price Pushing Up! But For How Long? Watch this key resistance in the 1-hour timeframe
The Ethereum price is currently trading around a major resistance zone in the 1-hour timeframe. This resistance zone is a major level where we expect to see Ethereum sellers begin to re-enter the market and resume the push low for the Altcoin price.
So for the coming days, we will be keeping a close eye on this $1,417 resistance zone to see how the Ethereum price will react to this major level.
What Next For Ethereum?
Ethereum Price Pushing Up! But For How Long? Watch this key resistance in the 1-hour timeframe
The Ethereum price still has a few levels it needs to break through to enter into a bullish market. One of those levels is the ETH $1,417 key resistance zone in the 1-hour timeframe.
We expect to see Ethereum begin to face more bearish pressure from this area in the coming days. This bearish pressure has a very high probability of pushing the Altcoin price back down to the $1,067 previous support in the 1-hour timeframe.
Claim up to $30,030 in Bonus
100x Leverage
Start TradingEasy Steps From Beginner To Pro Crypto Trader
You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.
PrimeXBT Covesting: Trade Hassel Free
Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link PrimeXBT Covesting
The post Ethereum Price Prediction Daily (01-Dec): Ethereum Price Pushing Up! But For How Long? appeared first on Bitcoinsensus.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.