Ethereum Price Prediction for Today, November 9 – ETH Technical Analysis

The Ethereum price prediction shows that ETH shoots to the upside as the bulls take the coin to higher levels.

Ethereum Prediction Statistics Data:

• Ethereum price now – $2015.9
• Ethereum market cap – $245 billion
• Ethereum circulating supply – 120.2 million
• Ethereum total supply – 120.2 million
• Ethereum CoinMarketCap ranking – #2

ETH/USD Market

Key Levels:

Resistance levels: $2200, $2300, $2400

Support levels: $1700, $1600, $1500

ETH/USD is trading above $2000 as the coin trades above the 9-day and 21-day moving averages to touch the resistance level of $2049. However, Ethereum may continue to move upwards if the price crosses above the upper boundary of the channel. Meanwhile, ETH/USD could reach the resistance level of $2100 if the bulls focus on the upward trend.

Ethereum Price Prediction: ETH Gets Ready for a Spike

The Ethereum price may remain on the positive side if the 9-day moving average stays above the 21-day moving average. Meanwhile, the coin is likely to experience another spike if the bulls increase the pressure. Therefore, there is a higher chance that the coin could find the potential resistance levels at $2200, $2300, and $2400.

Looking at the downside, if the coin slides below the 9-day and 21-day moving average, it may cross below the lower boundary of the channel, any bearish movement below this barrier may bring the coin to reach the critical supports at $1700, $1600, and $1500 respectively.

ETH/BTC Resumes Upward Movement

Against Bitcoin, the Ethereum price is likely to create additional gains if the coin keeps the coin above the 9-day and 21-day moving averages. However, if the bullish movement continues, the next level of resistance may surface, and this may cause ETH/BTC to locate the key resistance at 600 SAT and above.

Meanwhile, on the downside, the Ethereum price could face support at 530 SAT. Beneath this, the critical support level could be located at 500 SAT and below. At the moment, the 9-day MA is moving to cross above the 21-day MA as this may increase the bullish movement and traders are likely to expect more bullish pressure above the channel.

Ethereum Alternatives

The Ethereum price is seen refreshing to a new daily high as the second digital asset heads to the upside to touch the resistance level of $2100. Meanwhile, the bulls may continue to increase the pressure, but the coin is yet to cross above the upper boundary of the channel. Therefore, if the Ethereum price slides below the moving averages, it could head toward the lower boundary of the channel which could bring the sellers back into the market, but the bulls are likely to collect more on the price dips.

Meanwhile, comparing Ethereum (ETH) and Bitcoin Minetrix ($BTCMTX) reveals a compelling opportunity in the Bitcoin Minetrix’s lower market cap, raising over $3.7 million during its presale. Despite Ethereum’s multi-billion market cap, Bitcoin Minetrix distinguishes itself as a leading tokenized cloud mining platform, offering unique features such as a secure and transparent mining experience. However, the ongoing presale provides investors with an early entry point into this ground-breaking project, showcasing significant growth potential within the decentralized mining sector.