The post Ethereum (ETH) Price Analysis for November 13 appeared on BitcoinEthereumNews.com. The market remains mainly red today, according to CoinStats. ETHchart by CoinStats ETH/USD The price of Ethereum (ETH) has declined by 1.51% over the last 24 hours. Image by TradingView On the hourly chart, the rate of ETH is approaching the local support of $3,377. If buyers cannot seize the initiative, one can expect a level breakout, followed by a further drop to the $3,350 mark. Image by TradingView On the longer time frame, the price of the main altcoin is going down after a false breakout of the resistance of $3,654.  You Might Also Like If the daily candle closes with a long wick, the decline is likely to continue to the $3,300 range. Image by TradingView From the midterm point of view, the situation is similar. If bulls lose the vital $3,000 mark, one can expect a test of the support of $2,857 shortly. Ethereum is trading at $3,404 at press time. Source: https://u.today/ethereum-eth-price-analysis-for-november-13The post Ethereum (ETH) Price Analysis for November 13 appeared on BitcoinEthereumNews.com. The market remains mainly red today, according to CoinStats. ETHchart by CoinStats ETH/USD The price of Ethereum (ETH) has declined by 1.51% over the last 24 hours. Image by TradingView On the hourly chart, the rate of ETH is approaching the local support of $3,377. If buyers cannot seize the initiative, one can expect a level breakout, followed by a further drop to the $3,350 mark. Image by TradingView On the longer time frame, the price of the main altcoin is going down after a false breakout of the resistance of $3,654.  You Might Also Like If the daily candle closes with a long wick, the decline is likely to continue to the $3,300 range. Image by TradingView From the midterm point of view, the situation is similar. If bulls lose the vital $3,000 mark, one can expect a test of the support of $2,857 shortly. Ethereum is trading at $3,404 at press time. Source: https://u.today/ethereum-eth-price-analysis-for-november-13