Ethereum

Donald Trump

Bitcoin

<p>The crypto market has experienced a significant uptrend over the past few hours. With <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">Donald Trump winning the U.S. election 2024</a>, the Bitcoin price has achieved a new ATH above the $75k level. Following this, the Ethereum price has surpassed the $2.6k range.</p>   
<p>With a crypto-friendly future in the world’s largest economy and the <a href="https://coinpedia.org/news/bitcoin-all-time-high-broken-effect-of-us-election/" target="_blank" rel="noreferrer noopener">BTC price achieving a new high</a>, is the Ethereum token next to achieve the target? In this article, we have covered the possible short-term analysis of the 2nd largest cryptocurrency.</p>   
<h2 class="wp-block-heading" id="h-eth-price-reclaims-2-6k-level">ETH Price Reclaims $2.6k Level!</h2>   
<p>Despite recording a drop of ~3% over the past week, the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price</a> has jumped 7.96% in the past 24 hours with a trading volume of $36.13 billion. With this, it has reclaimed the $2.6k mark, indicating increased bullish sentiment in the market.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/06164123/image-79-1024x541.png" alt="Ethereum Price Analysis 06th November 2024" class="wp-image-376624">
 <figcaption class="wp-element-caption">
  TradingView: ETH/USDT
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</figure>   
<p>The Relative Strength Index (RSI) has recorded a sharp rise in the 1D time frame. With a bullish crossover in its average trendline, this altcoin may continue gaining value this week.</p>   
<p>Furthermore, the MACD trend shows a constant decline in its red histogram with its averages hinting at a potential positive convergence in the Ethereum price chart. This highlights increased buying-over-selling pressure for it in the crypto space.</p>   [post_titles_links postid="376634"]   
<h2 class="wp-block-heading" id="h-is-ethereum-expected-to-go-up-or-down">Is Ethereum Expected To Go Up Or Down?</h2>   
<p>If the bullish sentiment sustains, this could push the ETH coin price toward its important resistance level of $2,870. Maintaining the price above that level could set the stage for it to retest its upper resistance level of $3,272 in the coming time.</p>   
<p>However, in case of a bearish reversal, the altcoin leader could drop toward its support of $2.5k. Furthermore, if the bears dominate the crypto space, the Ethereum coin could plunge toward its low of $2,200.</p>   
<p>Wondering if the largest altcoin by market capitalization will achieve $5k this year? Read our <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum (ETH) Price Prediction</a> article to explore the long-term possibilities!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1730891545590">
  <strong class="schema-faq-question"><strong>Is Ethereum a buy or sell today?</strong></strong> 
  <p class="schema-faq-answer">With the Fear and Greed index showcasing a 62 Greed, the ETH token is inclined toward the buy signal today.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1730891546331">
  <strong class="schema-faq-question"><strong>How much is ETH worth right now?</strong></strong> 
  <p class="schema-faq-answer">At the time of writing, the value of 1 Ethereum token was $2,629.40.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1730891547126">
  <strong class="schema-faq-question"><strong>How much will Ethereum be worth in 2025?</strong></strong> 
  <p class="schema-faq-answer">With a potential altcoin market, this altcoin may record a potential high of ~$7,000.</p> 
 </div> 
</div>

Ethereum Price Prediction: Can ETH Price Hit $3.2k This November?

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