• Ethereum loses 10% in one week to reach $162 from $180
  • The next halt for ETH coin may come at $155

Ethereum could not escape from the gloomy market conditions, and it has made a loss of almost 10% over the last week. The three major price variations of this week took the ETH price from 185 USD to 156 USD. The coin’s struggle is here to continue for some more days.

Ethereum Price Analysis

ETH price was being traded at 179.82 USD on November 16, and over the next 1 day, it gained 3.28% and added 5.90 USD to the value and reached 185.72 USD. At 20:30 UTC on November 17, Ethereum started weakening, and after losing 7.12%, it got placed at 172.49 USD on November 19. It was followed by another slump of 9.08% in the value, and it brought the ETH price down to 156.82 USD by November 21, 15:00 UTC. The current price is now roaming around 162 USD.

The market cap of ETH on November 16 was 19.908 billion USD, and it has fallen by a huge margin in the last seven days. As per the current data, the market cap is now at 17.654 billion USD. Ethereum’s 50 days MA stands at 161.40 USD, and the 100 days MA is now at 1160.33 USD. The current price of ETH coin is more than both the averages. Ethereum may soon find the support of 155.15 USD.

Ethereum (ETH) Resistance and Support Levels
1st Resistance $171.99
2nd Resistance $182.52
3rd Resistance $188.83
1st Support $155.15
2nd Support $148.84
3rd Support $138.31

Published by Dirk Gobin

Dirk Gobin is a crypto-exchange expert. He also invests in the cryptocurrencies market and has a keen interest in exploring various crypto coins. He works as a content writer and editor at ethereumnews.world.

Leave a comment

Your email address will not be published. Required fields are marked *