• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum

    Ethereum Price Prediction: Can ETH breakout of $1600?

    Uniswap price prediction

    Uniswap price prediction: Uniswap to reject further upside at $27

    Dogecoin

    Dogecoin becomes the most popular cryptocurrency

    Digital Yuan

    Biggest digital Yuan trial to be rolled out in Chengdu, China

    Litecoin

    Litecoin Price Prediction: LTC eyeing $200 breakout

    Cyril Ramaphosa

    Is Cyril Ramaphosa leading the crypto adoption drive in South Africa?

    Bitcoin price

    Bitcoin price now above $51,000

    Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

    Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

    Bitcoin price

    Bitcoin price could rally up to $50,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum

    Ethereum Price Prediction: Can ETH breakout of $1600?

    Uniswap price prediction

    Uniswap price prediction: Uniswap to reject further upside at $27

    Dogecoin

    Dogecoin becomes the most popular cryptocurrency

    Digital Yuan

    Biggest digital Yuan trial to be rolled out in Chengdu, China

    Litecoin

    Litecoin Price Prediction: LTC eyeing $200 breakout

    Cyril Ramaphosa

    Is Cyril Ramaphosa leading the crypto adoption drive in South Africa?

    Bitcoin price

    Bitcoin price now above $51,000

    Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

    Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

    Bitcoin price

    Bitcoin price could rally up to $50,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ethereum News

Ethereum price prediction – BTC nears $16,000, but November belongs to ETH

Gurpreet Thind by Gurpreet Thind
November 9, 2020
in Ethereum News
5 min read
Ethereum price prediction – BTC nears $16,000, but November belongs to Ethereum
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Ethereum price prediction highly bullish as ETH/USD all set for new annual highs
  • ETH/USD quickly jumps from a 3.8 percent decline to reclaim the $454 mark within hours
  • Pair survives thin weekend liquidity to join Monday’s expected euphoric market opening
Ethereum price prediction – BTC nears $16,000, but November belongs to ETH 1
Cryptocurrency heat map by Coin360

Ethereum price prediction – ETH/USD swiftly bounces from weekend slide to recapture $455

Ethereum price followed the slight correction in BTC/USD to drop by 3.8 percent and touch $425 on the daily chart. A swift recovery immediately followed the quick fall, and the pair rose to the $455 level within a few hours on the back of strong buying. The bulls are anticipating a strong opening on Monday after the dust settles on the US Presidential elections.

The rising trend channel on the hourly timeframe is a healthy sign for the bulls. Over the past two months, ETH/USD has managed to stay on the top edge of this rising trend channel helping the pair touch new highs. However, ETH/BTC did not saw any excessive movement, and the pair touched the $0.03 level and could not proceed any further.

Ethereum price movement in the last 4 hours displays optimistic caution

Ethereum price prediction – BTC nears $16,000, but November belongs to ETH 2
Ethereum chart by TradingView

The hourly chart of the ETH/USD pair shows that traders are closely following the rising channel. After breaking above the key $445 resistance, the pair has shown resilience to maintain higher ground. Further resistance up at $462 is being challenged repeatedly by the bulls, and Monday can be the pivotal day when ETH/USD touches new annual highs.

RelatedPosts

Ethereum Price Prediction: Can ETH breakout of $1600?

Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

ETH Price Prediction: Ethereum price to surge past $2000 mark?

Ethereum price recovers to $1,650, what next for ETH?

Last week, Ethereum price prediction rose from obscurity to march ahead vigorously. The pair started the journey at $380 and touched a new 2020-high of $470, all within a span of 5 days. That is a massive move considering ETH/USD volumes were relatively muted, and Ethereum price prediction was neutral.

Unfortunately, the bullish Ethereum price prediction was greeted by resistance at the $470 level, where the sellers booked profit. Despite a slight bearish move downwards, the bullish technical picture is still very much in play. The pair is likely to trade sideways for the next few hours and then follow the global markets and Bitcoin in what could be a customary celebration in the world markets.

ETH/USD 4-hour chart – High hopes from rising trend channel bring $500 in the picture

Bulls have high hopes as technical indicators all line up beautifully to support the further upward move in Ethereum price prediction. The pair found strong support around the $425 region during yesterday’s swift fall. The quick rebound helped stabilize the pair and took the price above $455, where the .786 Fibonacci retracement stands.

Looking ahead, the bulls must close the weekend above $450 to confidently re-establish the bullish trend. The .886 Fibonacci retracement is the next big hurdle to cross and lies at $462. Remember, the pair was rejected from this resistance yesterday. Next formidable resistances are $475, $490, and the psychological barrier at $500.

On the downward side, the pair finds support at $439, $421, and then $410. These support forts will arrest any sharp move by the bears. Speaking of technical indicators, the RSI is fairly neutral. However, the Stochastic RSI is on the verge of creating a bearish crossover, and further profit booking around higher resistance levels cannot be ruled out.

ETH/BTC price prediction – Pair trades sideways without substantial movement

The key support levels for ETH/BTC remain at 0.0291 and 0.0278 level. The pair is finding it difficult to cross the 0.03 BTC mark as sellers are creating heavy pressure resulting in large-scale profit booking. Even the sharp move in ETH/USD was unable to put the price above 0.03 BTC.

The 200-day EMA of the ETH/BTC pair lies at 0.03 BTC, which is further complicating the matters for the bulls. The pair has been rejected thrice from 0.03 BTC and is unlikely to cross this massive resistance in the near term.

Ethereum price prediction for November is highly bullish

As Bitcoin price touches $16,000 vicinity, crypto enthusiasts are looking for more crypto positive signs to go long. And Ethereum looks all set to deliver on the promise. The heightened movement in the ETH/USD pair in the past few days reflects that the pair is ready to enter higher price realms on the back of strong fundamentals.

Ethereum underperformed Bitcoin in October. Primarily, there are two reasons to expect a huge move in the Ethereum price. First, the market is getting ready for the ETH 2.0 deployment, where large-scale performance improvements will drive up efficiency. Secondly, ETH/USD pair recently blew past major critical resistances on the daily timeframes confirming the bullish undertones. Also, the altcoin market usually follows Bitcoin’s bullish trend meaning an ETH rally is overdue.

As Bitcoin rallied approximately 33 percent in the past three weeks, the higher price is forcing investors to explore opportunities in altcoins. Even though whales are accumulating BTC, day traders are looking for value propositions. Hence, capital is expected to move into altcoin when BTC crosses further higher levels. This is evident from the rise in the DeFi market in the past 48 hours.

The euphoria around ETH 2.0 will further propel Ethereum price prediction into higher realms. The successful mainnet launch boosts the sentiment around ETH. Both ETH/USD and DeFi will benefit collectively from ETH 2.0 launch.

Ethereum price prediction conclusion – November can be ETH’s watershed moment

Looking ahead, the bulls have proven that $450 fort is held strong. The pivot point will be crucial to approach higher resistances at $370. Sellers can take control in case the price drops to $430, with a broader decline in the altcoin sphere.

The anticipation of the upcoming ETH 2.0 launch will augur well for ETH/USD pair. As Asian markets open tomorrow, the liquidity will rise, and the pair will challenge higher levels at $470. With $500 within easy range, Ethereum price prediction is all set to enter uncharted territory.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Tags: cryptocurrency tradingcryptomarket
Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related Posts

Ethereum
Ethereum News

Ethereum Price Prediction: Can ETH breakout of $1600?

March 3, 2021
Ethereum price prediction
Ethereum News

Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

March 2, 2021
ETH price prediction
Ethereum News

ETH Price Prediction: Ethereum price to surge past $2000 mark?

March 2, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Gary Gensler

Gary Gensler: How would the SEC fare under him?

March 4, 2021
xrp wallet

XRP Wallet: Should you get one?

March 4, 2021
Ethereum

Ethereum Price Prediction: Can ETH breakout of $1600?

March 3, 2021
Uniswap price prediction

Uniswap price prediction: Uniswap to reject further upside at $27

March 3, 2021
Dogecoin

Dogecoin becomes the most popular cryptocurrency

March 3, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.