16.11.2023
Anton Kharitonov
Financial expert and analyst at Traders Union
16.11.2023

ETH prediction for today: After regaining 7.6% after the fall, ETH retreats from the $2,080 level

ETH prediction for today: After regaining 7.6% after the fall, ETH retreats from the $2,080 level ETH prediction for today: After regaining 7.6% after the fall, ETH retreats from the $2,080 level

​ETH bulls are not in a hurry to give up either, and following the general trend in the digital currency market, they bought the coin on the fall to the $1,933 level, thanks to which it currently regained 7.6% in price, but failed to break through the $2,080 level. After testing it, ETH rolled back to support near the $2,038 level.

Continued demand from this level preserves the chances of breaking the current resistance and testing the resistance around the $2,120-2,140 levels, but in case of Bitcoin's decline, Ethereum will lose support and continue to fall towards at least the $1,960-1,940 levels. From these levels it is possible to buy.

Source: Ethereum (ETH) price prediction.

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