Will Ethereum Find Support At $2,368?
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On Sunday, November 3rd, 2024, Ethereum’s price declined by 1.08%, closing at $2,467.79.
This marked the fourth consecutive day of price decline.
Throughout the trading day, Ethereum’s price fluctuated by 3.59%, reaching a low of $2,409.53 and a high of $2,496.01.
Over the past two weeks, the cryptocurrency has experienced a 2.4% decrease, characterised by volatile price movements.
Trading volume increased by 5 billion shares on the last day, despite the falling prices. This could be an early warning sign, indicating increased risk in the near future.
Currently, Ethereum is trading within a wide, horizontal price range. Further price movements are expected to occur within this range.
Key levels are $2,769.86 resistance and $2,368.44 support.
Data: FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener, StockInvest