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.