CandleFocus

Ethereum (ETH) Price Prediction for November 23

Author: Content Editor
The majority of cryptocurrencies are experiencing positive growth, but Ethereum's price has dropped slightly. On the hourly chart, the price of Ethereum is currently within a local channel, with support at $3,317 and resistance at $3,402. If the price continues to rise towards the upper line, a breakout could occur, potentially leading to a test of the $3,420-$3,440 range. Traders should also pay attention to the resistance level of $3,387 on the larger time frame. If the daily candle closes above this level with no long wick, it could indicate enough momentum for a move towards $3,500. Similarly, on the weekly chart, if buyers maintain their momentum and the bar closes around current prices, Ethereum's growth may continue towards the $3,600 range by the end of the month. At the time of writing, Ethereum is trading at $3,367.

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