Buyers attempted to push the price of Ether (ETH) above $3,220 on November 18, but the bears obstructed.
ETH/USDT daily chart | Source: TradingView
An important support to watch is the 20-day EMA ($2,986). If the price holds at this level, the bulls will again attempt to push the price above $3,220. If successful, the ETH/USDT pair could rise to the downtrend line, where the bears are expected to create strong resistance.
Conversely, if the price slips below the 20-day EMA line, the trend will lean towards the bears, pushing the price down to $2,850, even down to the 50-day SMA line at $2,688.
