📊Ether price analysis
Ether (ETH) signaled a potential trend change after the price rose above the $2,850 resistance on Nov. 7.
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ETH/USDT daily chart. Source: TradingView
The bears tried to stall the up move at $3,250 on Nov. 10, but the bulls did not cede ground to the bears. If buyers push and maintain the price above $3,250, the ETH/USDT pair could rise to the downtrend line. Sellers are expected to mount a strong defense at the downtrend line, but if the bulls have their way, the pair could surge to $4,094.
This positive view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA ($2,756).
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