🚨 Ether Price Analysis 🚨
🔹 Resistance Rejection! Ether turned down from the resistance line of its symmetrical triangle on October 30, dipping below the 50-day SMA ($2,523) by November 1. The ETH/USDT pair is now finding support around the uptrend line, with the bulls stepping up their defense!
🔹 Key Level at $2,558! If ETH climbs above the 20-day EMA ($2,558), it could be a signal of strength, with a potential rally to the resistance line. To spark a trend reversal, buyers will need to clear the $2,850 barrier.
🔹 Bearish Pressure? Sellers aiming for a downside will need to push ETH below the uptrend line to signal control. A breakdown here may send ETH toward the support zone at $2,111 to $2,200, where bulls are likely to defend fiercely.
🔥 Will Ether break the resistance or revisit the support zone? Stay tuned as this showdown unfolds!
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