TRENDING:
US CPI
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Could Ethereum move towards the 1789 level?

Could Ethereum move towards the 1789 level?
Anton KolhanovAnton KolhanovAnton Kolhanov

Weekly forecast (October 31 – November 4, 2022)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1604, which will be followed by moving up to resistance level 1789.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1604, which will be followed by reaching support level 1479 and if it keeps on moving down below 1424 level, we may expect the market to reach support level 1190.

ETHUSD

Monthly forecast, November 2022

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1424, which will be followed by reaching resistance level 1789 and 2030.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1424, which will be followed by moving down to support level 1190 and 881.56.

ETHUSD

Author

Anton Kolhanov

Anton Kolhanov

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

More from Anton Kolhanov
Share:

Editor's Picks

Solana Price Forecast: Mixed market sentiment caps recovery

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.

DeFi platforms Ethena and Polygon eye recovery after sustained downturn

DeFi platforms Ethena and Polygon eye recovery after sustained downturn

Ethena (ENA) is trading around $0.116 on Friday, posting a 6% rise earlier before tapering some of those gains over the past 24 hours. The move comes as ENA investors are down by an average of about 70%. The huge unrealized losses could indicate that current price levels represent a bottom or less downside risk, per Santiment data.

Aave Labs proposes framework to push all revenue to DAO

Aave Labs proposes framework to push all revenue to DAO

Aave Labs (AAVE) has introduced a new proposal, the Aave Will Win Framework, designed to better align incentives across its ecosystem. The proposal suggests channeling all revenue generated from Aave-branded products directly into the treasury managed by the Aave DAO.

Pi Network Price Forecast: PI bulls resurface at a crucial support level

Pi Network Price Forecast: PI bulls resurface at a crucial support level

Pi Network (PI) is up almost 1% at press time on Friday, extending the 2% gains from the previous day. Renewed buying pressure, evidenced by increased withdrawals from exchanges supporting the PI token, and reduced outflows from the Pi Foundation, adds tailwinds.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.