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Ethereum Price Prediction Today, November 15, 2022: ETH/USD May Test $1,453 Level

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Ethereum Price Prediction Today, November 15, 2022: ETH/USD May Test $1,453 Level
Ethereum Price Prediction Today, November 15, 2022: ETH/USD May Test $1,453 Level

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After the price in the ETH/USD market found support above the $1453 price level, its price action moved near $1,600. But unfortunately, selling force soon sank Etereum price below the $,1450 level. Currently, Ethereum is now trading near $1,250. Nevertheless, with the last price candle, things are looking suspicious and call for closer examination.

ETH’s Forecast Statistics Data:
ETH price: is $1,238
Ethereum market capitalization: $148.98 billion
Ethereum circulating supply:  122.37 million
ETH overall supply: 122.37 billion
Ethereum Coinmarketcap ranking: #2

Crucial Price Marks:
Resistance Marks: $1,238, $1,258, $1,300
Support Marks: $1,218, $1,200, $1,980

Ethereum Price Prediction Today, November 15, 2022: ETH/USD May Test $1,453 Level

Ethereum Price Prediction Today, November 15, 2022: Bulls May Have Resumed Action in the ETH/UD Market

Through the ongoing session in the ETH/USD https://insidebitcoins.com/buy-cryptocurrency/buy-ethereum it appears as if Traders have commenced buying. This can be seen as the ongoing session indicates bullish activities. Additionally, the RSI lines seem to have crossed for a bearish crossover. But, interesting this Indicator didn’t portray a downtrend. This is vivid as the RSI lines point slightly upward for a continued Upward move into the overbought region. Nevertheless, it is necessary to note that price candles are still below the 9 and 21-day Moving averages, which still points to an overall downtrend. For now, Ethereum may only make some attempt to reach the $1,453 level.

Ethereum Price Prediction Today, November 15, 2022: ETH/USD May Test $1,453 Level

Ethereum Price Prediction Today, November 15, 2022: ET/BTC Lack Strength to Break 0.07713 Level

The ETH/BTC market appears to be too weak to significantly break to the upside at the 0.07713 level. Recently price activities seem to be withdrawing from the above-mentioned price level. Furthermore, the last price candle has left price action trapped in between the 9 and 21-day moving averages. It is imperative to know that this market here is Influenced by the performance of both Ethereum and Bitcoin. So, if the price in the Ethereum market should continue to record gains, the value here will further increase. Having said that, the RSI is now almost touching a bearish crossover. If this is actualized, this will cause price activities here to slide lower to near 0.07200 as upside momentum will reduce.

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