Ethereum Price Prediction Today (4-Nov): ETH Bearish Prediction Invalidated! What Now?

2:05 pm, Fri, 4 November 22

Current Ethereum Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
Ethereum price prediction from a previous analysis Ethereum Building Up For A Move!

In our Ethereum previous analysis Ethereum Building Up For A Move! we identified the key Channel Pattern that was forming in the 15 minutes timeframe.

However, we predicted wrongly the direction that the breakout from the pattern was supposed to take. Instead of breaking to the downside as we anticipated, we saw the Ethereum price rally up.

This bullish rally is a great indication that the bulls are back in control of the market. But how long the bulls can hold on to this control is still in question because right now, the Ethereum price is about to test another major level in the 15 minutes timeframe.

ETH Bearish Prediction Invalidated! What Now? Watch these key levels in the 15 minutes timeframe
ETH Bearish Prediction Invalidated! What Now? Watch these key levels in the 15 minutes timeframe

And in this Ethereum analysis, we will be talking more about this $1,635 key resistance and what Ethereum must do to break above it.

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

Ethereum $1,635 Key Resistance

ETH Bearish Prediction Invalidated! What Now? Watch these key levels in the 15 minutes timeframe
ETH Bearish Prediction Invalidated! What Now? Watch these key levels in the 15 minutes timeframe

The Ethereum bulls are currently pushing prices to a key resistance level in the 15 minutes timeframe.

In the coming days, we expect to see Ethereum struggle to break above this $1,635 resistance. Once that struggle begins, we can then come in and start looking for the best pattern to take advantage of a bullish continuation in the coming days.

But for now, we will stand aside and wait to see how the Ethereum bulls will react to this $1,635 price level.

Final Verdict!

The Ethereum bearish trend has switched and we are now witnessing more buyers begin to come into the ETH market.

How high this rally goes depends on if the ETH bulls can break through the $1,635 resistance 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: