ETH Price Prediction November 2024
The price of Ethereum has broken the $2800 barrier with a huge bullish engulfing candle.
The MACD and signal lines have seen a positive crossover as the bullish influence has grown. ETH price has broken above the 200D EMA, increasing the chances of a golden crossover.
The bullish recovery has also surpassed the 23.60% Fibonacci level at $2472.
The recovery in Ethereum also signals a bull cycle towards the 50% Fibonacci level at $2942.
The bull case suggests a high probability of breaking above the 50% Fibonacci level and retaking the psychological $3000 barrier.
With the overall recovery in the crypto market following the public victory in the US presidential election, the cryptocurrency could reach the $3553 barrier by the end of November.
On the other hand, the $2582 support level remains solid.
