Ethereum Price Prediction Today (Nov 2nd): Ethereum Sold Out As Predicted! What’s Next?
In previous Ethereum analysis Look at this bearish flag pattern We have identified an important bearish pattern that was unfolding on the 15-minute timeframe for Ethereum.
This Bearish flag pattern was a great indicator that the Ethereum sale may not be over yet!
Since publishing its TA, Ethereum’s price continues to maintain its bearish bias and continues to fall. Bearish trading volumes are expected to pour into the market in the coming days.
In this Ethereum analysis, we talk about the major levels we are currently looking at and what we think will happen next.
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Ethereum sell-off is far from over!
Ethereum price is falling as we predicted. However, the price is still far from the bearish target of $1,489 support on the 15-minute timeframe.
We think it is very likely that Ethereum will sell back to this price range before it finds significant support.
Currently, the most important level for Ethereum remains a key resistance area at $1,635.
For this altcoin bearish forecast to remain valid, we need to see the Ethereum price continue to be respected and trading below the $1,635 area. will only negate the bearish bias towards Ethereum.
Ethereum price remains very bearish in the short term and the pattern that supports this bearish bias is the flag pattern. This pattern is important as it provides a clear way to trade this bearish move lower.
The most important level to watch is the critical resistance at $1,635 on the 15-minute timeframe. This Bearish flag pattern will only work if the Ethereum price continues trading above his $1,635 key resistance.
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https://www.bitcoinsensus.com/ethereum-price-prediction-today-2-nov-ethereum-selling-off-as-predicted-what-next/ Ethereum Price Prediction Today (Nov 2nd): Ethereum Sold Out As Predicted! What’s Next?