Ethereum Price Prediction Daily (22-Nov): Ethereum Price Bouncing Is The Sell-Off Over?

4:48 pm, Tue, 22 November 22

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
Ethereum Price Bouncing Is The Sell-Off Over? Watch this key level in the 15 minutes timeframe
Ethereum Price Bouncing Is The Sell-Off Over? Watch this key level in the 15 minutes timeframe

The Ethereum price today bounced at the 15 minutes previous lows of $1,070. This bounce has caused a lot of traders to believe we might be expecting a Double Bottom Pattern in the coming days.

The image below is a simple example of what a completed Double Bottom Pattern looks like.

However, we believe the Ethereum is still bearish and the sell-off might not be over just yet! In this ETH analysis, we will be breaking down the exact pattern we are currently watching to support this bearish bias as well as the key levels we are keeping a close eye on in the coming days!

To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $4,380 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link

Claim up to $30,030 in Bonus

100x Leverage

Why We Believe Ethereum Might Still Be Bearish!

Ethereum Price Bouncing Is The Sell-Off Over? Watch this key level in the 15 minutes timeframe
Ethereum Price Bouncing Is The Sell-Off Over? Watch this key level in the 15 minutes timeframe

The key pattern we are watching is the Triangle pattern forming in the 15 minutes timeframe. We have been tracking this pattern for a while and just recently the ETH price broke and closed below it, indicating there is a very high possibility for us to push lower.

However the bearish target for this Triangle Pattern is still yet to be smashed and we believe as time goes on, Ethereum would continue to push lower to this $979 price level.

Key Levels To Watch!

This bearish prediction and triangle pattern will remain valid as far as the Altcoin price continues to trade below the $1,235 key resistance in the 15 minutes timeframe.

If this level gets respected, then we expect to see more sellers over time step in and push Ethereum much lower, invalidating this potential Double Bottom Pattern everyone is currently worried about.

Ethereum Price Bouncing Is The Sell-Off Over? Watch this key level in the 15 minutes timeframe
Ethereum Price Bouncing Is The Sell-Off Over? Watch this key level in the 15 minutes timeframe

Claim up to $30,030 in Bonus

100x Leverage

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $30,030 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Claim up to $4100 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Claim up to $7000 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: