Ethereum Price Broke out and has been running since. An amazing price action after a very long consolidation: At press time, Ether is at 503 USD, making it an increase of 40.28% during the last 7 days and 65.44% for the month so far. All inline with our Ethereumprice.today November Ethereum price forecast.
A bullish scenario for Ether price if the price crosses to the upper half of the ascending Blue channel. A break above the dotted blue line and the green line means the price might be setting up to reach new all time highs. Ethereumprice.today
We also mentioned
We favor the Bullish scenario because the tight sideways range we are seeing indicates a big move to come.
And it happened! so congratulations to those who were able to catch this big move. Most important, if you didn’t, don’t chase and make sure you secure a good entry. A good entry is key in crypto trading to make the most profits and also to mitigate risk. We have seen the spectacular retraces and a good entry price is important.
This is a fantastic move for Ethereum price but it’s definitely not a surprise for our readers! Our research Team has constantly provided updates on Ethereum price chart, price levels and how important it is for the purple Ethereum trend line to hold. We’ve also covered the most recent Ethereum related news such as Byzantium, Metropolis and the Parity freeze to assess their weigh on our Bullish Ethereum positive stance and if it still holds.
So with Ethereum Breaking to new all-time highs, we are set to achieve our long term Ethereum price forecast of a 1000 USD. It won’t happen in one shot but it will. And we will make sure our readers are updated!
And as a reader, if you have enjoyed or even better profited from our forecasts, please feel free to share our insights with friends and followers.