Ethereum to test 3700 dollar mark? Technical Analysis

With the Bitcoin bearish moves, we expect Ethereum to test 3700 dollar mark, the price level of October 18, 2021.

The Ethereum price today is $4,321.73 USD with a 24-hour trading volume of $22,762,115,187 USD. Ethereum is up 5.98% in the last 24 hours, with a live market cap of $511,953,849,093 USD. It has a circulating supply of 118,460,377 ETH coins. 

Ethereum to test 3700 dollar: Analysis

Ethereum tested the price level below $4000 on November 18, 2021, and used the support level of October 16, 2021. As a pullback it rose back to the converging resistance level of EMA 20, 50, 100, and 200 on November 20, 2021, rising above $4400. Ethereum is headed again towards the previous support level of $4,000. The more support is tested the weaker it becomes so Ethereum can breakthrough this support anytime to the $3700 mark.