Ethereum

Bitcoin

<p style="text-align: justify">The October wind in the cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">market</a> continues to blow in November. At the time of writing, <a href="https://en.coin-turk.com/ted-cruz-bitcoins-rising-role-in-the-texas-economy/" data-wpel-link="internal">Bitcoin</a> was trading at $35,145, experiencing a 0.20% increase in the last 24 hours. While the battle at the $35,000 region continues, the altcoin market maintains its liveliness. So, what is happening with the altcoin king Ethereum? Let’s take a closer look at detailed chart analysis and important levels.</p> 
<h2 style="text-align: justify" id="ethereum-chart-analysis">Ethereum Chart Analysis</h2> 
<p style="text-align: justify">On the daily chart, Ethereum continues its ascending channel formation since March. Benefitting from the support zone on October 16, Ethereum has experienced a significant rise since then. Recently, Ethereum crossed the EMA 200 (red line) level and continues to gain upward momentum after this level started acting as support.</p> 
<p style="text-align: justify">The support levels to watch for Ethereum are $1869, $1828, and $1759, respectively. Particularly, if the daily closing below $1775, which intersects with the EMA 200 average, occurs, it could lead to a significant drop in the Ethereum price.</p> 
<p style="text-align: justify">As for the resistance levels to watch for Ethereum, they are $1931, $2027, and $2158, respectively. Especially, if the daily closing above the resistance level of $1931, which has been serving as resistance in recent bar formations, takes place, it will accelerate the upward momentum.</p> 
<p><img decoding="async" class="aligncenter wp-image-273955 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/eth-grafik.png" alt="" width="2384" height="1035"></p> 
<h2 style="text-align: justify" id="eth-btc-pair-chart-analysis">ETH/BTC Pair Chart Analysis</h2> 
<p style="text-align: justify">The breakdown of support in the ETH/<a href="https://en.coin-turk.com/bitcoins-recent-surge-attracts-investors-again-analysts-point-to-sustainable-bullish-trend/" data-wpel-link="internal">BTC</a> pair’s channel structure had led to a significant loss in Ethereum’s value against Bitcoin. However, Ethereum, gathering strength from the recent support zone, has seen a resurgence in the ETH/BTC pair due to the weakening momentum of Bitcoin in recent days. With the recent rise, the pair has surpassed the EMA 7 and EMA 21 averages, presenting a positive scenario for Ethereum.</p> 
<p style="text-align: justify">The support levels to watch for the ETH/BTC pair on the daily chart are $0.05373, $0.05179, and $0.05088, respectively. Particularly, if the daily closing below $0.05088 occurs, it could result in Ethereum losing value against Bitcoin.</p> 
<p style="text-align: justify">As for the resistance levels to watch for the ETH/BTC pair, they are $0.05442, $0.05563, and $0.05692, respectively. Especially, if the daily closing above the resistance level of $0.05563 takes place, it will confirm a breakout of the descending trend and Ethereum will continue to gain value against Bitcoin.</p> 
<p><img decoding="async" class="aligncenter wp-image-273960 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/ethbtc-grafik-1.png" alt="" width="2279" height="1018"></p> Continue Reading: <a href="https://en.coin-turk.com/ethereum-analysis-key-levels-and-trends-to-watch/" data-wpel-link="internal">https://en.coin-turk.com/ethereum-analysis-key-levels-and-trends-to-watch/</a>

Ethereum Analysis: Key Levels and Trends to Watch

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