The post Ethereum Price Analysis for November 18 appeared on BitcoinEthereumNews.com. Bulls are not able yet to seize the initiative, and all of the top 10 coins remain in the red zone, according to CoinMarketCap. Top coins by CoinMarketCap ETH/USD The rate of Ethereum (ETH) has declined by 4% over the last 24 hours. Image by TradingView On the hourly chart, the price of ETH is about to break the local resistance of $3,068. If that happens, the upward move is likely to continue to the $3,100 zone by tomorrow. Image by TradingView On the longer time frame, the rate of the main altcoin has made a false breakout of yesterday’s bar’s low of $2,959.  You Might Also Like If bulls can hold the gained initiative and the candle closes far from that mark, traders may expect a test of the $3,100-$3,150 range soon. Image by TradingView From the midterm point of view, the situation is similar. If the breakout of the support level happens, the accumulated energy might be enough for a more profound drop to the $2,800-$2,900 range. Ethereum is trading at $3,065 at press time. Source: https://u.today/ethereum-price-analysis-for-november-18The post Ethereum Price Analysis for November 18 appeared on BitcoinEthereumNews.com. Bulls are not able yet to seize the initiative, and all of the top 10 coins remain in the red zone, according to CoinMarketCap. Top coins by CoinMarketCap ETH/USD The rate of Ethereum (ETH) has declined by 4% over the last 24 hours. Image by TradingView On the hourly chart, the price of ETH is about to break the local resistance of $3,068. If that happens, the upward move is likely to continue to the $3,100 zone by tomorrow. Image by TradingView On the longer time frame, the rate of the main altcoin has made a false breakout of yesterday’s bar’s low of $2,959.  You Might Also Like If bulls can hold the gained initiative and the candle closes far from that mark, traders may expect a test of the $3,100-$3,150 range soon. Image by TradingView From the midterm point of view, the situation is similar. If the breakout of the support level happens, the accumulated energy might be enough for a more profound drop to the $2,800-$2,900 range. Ethereum is trading at $3,065 at press time. Source: https://u.today/ethereum-price-analysis-for-november-18