Following a period of solid performance that brought lucrative gains for most crypto assets, continuing from the gains made in October, Ethereum (ETH) has achieved significant numbers that have seen its value increase exponentially in this time period.
Crypto expert Michaël van de Poppe shared his views on the current Ethereum price and where it will face the next resistance point on November 13.
As highlighted by the analyst in his post on X, a break above $2,150 is this is crypto It suggests that the currency could settle between $3,100 and $3,600.
altcoin Another importance of breaking above $2,150 is that achieving this feat would signify the end of the bearish market and push its projected value above the $3,000 threshold.
Van de Poppe argues that “a move above $2,150 (for ETH) marks the end of the bear market, as this level is comparable to Bitcoin’s (BTC) $30,000 barrier.”
Ethereum Price Analysis
Koinfinans.com As we reported, ETH is trading at $2,090 at the time of writing. This indicates a positive change of 1.88% in the last 24 hours. This follows a 9.29% gain in value over a 7-day period and a significant 34.89% gain over the last 30 days.
ETH is currently showing vital positive signs, with its price above the 200-day simple moving average and displaying 22 green days in the previous month.
Additionally, its price increased by an impressive 69% over the previous year, outperforming 69% of the top 100 crypto assets during this period.
This positive period saw ETH regain 10% of its value in a single day, showing even more promising signs for this asset in the coming period.