Ethereum

Crypto Price Analysis Nov-25, ETH, XRP and ADA, BNB and LTC

This week, we look closer at Ethereum, Ripple and Cardano, Binance Coin and Litecoin.

Ethereum (ETH)

Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action. ETH lost 0.8% in its valuation over the past seven days. However, sellers managed to hold the price steady.

Unfortunately for the bulls, they may have to defend ETH again at the $1,000 key support. This weakness could spell disaster for the cryptocurrency as falling to a three digit valuation will end all hope of a quick recovery from the current downtrend.

Looking ahead, Ethereum faces a challenging task as the sellers and buyers control the price action. The key support at $1,000 has to be defended since the alternative is a costly defeat. The volume continues to fall and remains firmly on the bearish side after 10 daily candles closed in red in the past 11 days.

ETHUSD_2022-11-25_13-03-09 — Chart by TradingView

Ripple (XRP)

XRP continues its strong performance despite market leaders like ETH and BTC struggling. It has increased 5.7% in the last seven days, which makes it stand out from other cryptocurrencies. After finding good support above $0. 30, it entered a sustained uptrend in the past three days.

The current resistance is located at $0. 45 and may put the bulls in a difficult position if they can’t break above. They continue to have momentum, but the volume is decreasing, and this could make it difficult for them to maintain their confidence in this rally. Bears can quickly profit from any weakness in the market, which remains volatile.

Looking ahead, XRP made a higher low last Wednesday, indicating a bullish trend. It is too early to celebrate until the price makes a higher high. Otherwise, the trend could quickly reverse. The bias for XRP is currently somewhat bullish, but it could change once the key resistance has been reached.

XRPUSDT_2022-11-25_13-15-57 — Chart by TradingView

Cardano (ADA)

Unfortunately, Cardano’s price action looks very grim with consistently lower lows over the past few months. ADA lost 4.2% in seven days because the downtrend was not stopped by bulls.

The current support levels are $0. 30 and $0. 28, while the resistance is at $0. 32 and $0.34. If ADA wants to stop the downtrend, it must break these resistance levels. Alternatives include a rapid fall to lower levels.

The main concern about Cardano is that altcoins could correct by over 90% from the all-time high during a bear market. Its price could plummet further if there is low confidence in a reversal. ADA’s bias remains bearish.

ADAUSDT_2022-11-25_13-21-37 — Chart by TradingView

Binance coin (BNB )

Binance Coin remains one of the strongest performers of this bear market, managing to maintain a price of around $300 despite repeated attempts to take it lower. Up by around 12% in the past seven days, BNB remains a leading performer.

The current support is found at $260, and the key resistance is at $300. The bulls tried to maintain the price above $300 in early November, but they could not sustain it.

Looking ahead, BNB appears to be moving in a tight range between $260 and $300. It is difficult to predict a major change in price action until one of these levels is broken. This makes the bias neutral.

BNBUSDT_2022-11-25_13-28-00 — Chart by TradingView

Litecoin (LTC)

The best performer on our list this week is Litecoin which surprised most of the market with an unexpected 22%. LTC also broke through its ascending triangle, making them one of few cryptocurrencies that actually made it higher in this bearish environment.

If the current support at $74 is successfully retested, then Litecoin could rally higher and aim to reach a three digits valuation (>$100). However, the resistance at just under $100 will be difficult to break, and the bulls may need the overall market to be in their favor if they are to be successful.

Litecoin has demonstrated that, as a proof-of-work coin that was released in 2011, it can still capture the attention of the market and outperform more recent cryptocurrencies such as Solana (est. 2020) or Tron (est. 2018), which are much more recent. The bias towards LTC is bullish and has a positive outlook for the future.

LTCUSDT_2022-11-25_13-37-13 — Chart by TradingView

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Disclaimer: Information found on CryptoPotato is those of writers quoted. This information does not reflect the views of CryptoPotato about whether to invest in, sell or hold investments. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to Disclaimer.

Cryptocurrency charts by TradingView.

Ethereum

Ethereum Traders Just Flipped Bullish, But History Says This Is a Major Red Flag

Ethereum’s bounce toward $3,500 triggered instant FOMO, but Santiment says extreme optimism usually means price is about to disappoint.

Ethereum traders have swung sharply from extreme bearishness to extreme bullishness within just a few days, based on social media sentiment.

But fresh data suggest that when ETH nearly rebounded to $3,500 on Thursday, the crowd interpreted the move as a confirmation that the asset was “back in business.”

ETH Trader FOMO

Santiment warned that this sudden pivot is similar to the same pattern seen earlier in the week, when retail panic selling actually contributed to the rebound. Now, the rapid return of FOMO could similarly stall further upside.

According to the analytics platform, prices have shown a tendency to move in the opposite direction of the crowd, and that more neutral sentiment phases have proven to be stronger buy signal environments than euphoric ones.

Crypto trader Ted Pillows also noted that even though the altcoin is showing some rebound after this week’s sharp decline, the recovery lacks conviction. According to Pillows, the current move higher, though modest, is being driven largely by short positions being closed rather than new spot buyers stepping in. He added that Ethereum needs to reclaim the $3,600-$3,700 price range with meaningful inflows to establish strength and dismiss the risk of further downside. Without that confirmation, Pillows believes the odds still favor lower prices from here.

Despite the near-term uncertainty, some traders say the bigger picture is still pointing toward a substantial upside scenario. For instance, crypto trader “Trader Tradigrade” said that ETH’s monthly chart is currently developing what he describes as a massive Inverse Head and Shoulders pattern, with a potential price target of $14,000 once confirmed.

“Wet Blanket” Phase

As the crypto market remains sluggish, Galaxy CEO Mike Novogratz believes that this could be due to long-term holders rebalancing their net worths and diversifying away from massive concentrated holdings after a very long bull market. Novogratz deems this to be a healthy sign in the medium and long term as these positions get distributed. In the short run, however, he said that “it’s a proverbial wet blanket” and has weighed on prices.

About the author

Chayanika has been working as a financial journalist for six years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm.

Ethereum

Ethereum Price Analysis: Will $3K Hold as ETH’s Bearish Momentum Intensifies?

Ethereum has slipped below the $3,300 mark, indicating persistent selling pressure in this zone. While bears aren’t showing strong momentum just yet, the fact that the price declined following a major liquidation event, one that already cleared out many over-leveraged longs, raises the risk of further downside. This hints that spot sellers could now be in control, opening the door for a deeper short-term correction.

Technical Analysis

By Shayan

The Daily Chart

On the daily chart, ETH dropped below the channel and has fallen slightly beneath the 200-day moving average. It is currently breaking below the $3,300 demand zone too. This is a key level Ethereum is now losing, as the 200-day moving average is known as one of the most critical indicators for determining whether the overall market phase is bullish or bearish.

The RSI also remains weak at 32, showing the market is not bound for recovery yet. For buyers to regain control, ETH needs to break back above $3,500 and flip that region and the 200-day moving average into support. Until then, the price is sitting in a vulnerable zone, which could push the price lower toward the $3,000 support level in the coming days.

The 4-Hour Chart

The 4-hour chart shows a quick rejection from the lower boundary of the broken channel and the previous support zone, around $3,400. The price is currently hovering around the level and has yet to form a convincing rebound or create a higher low.

The RSI is also stabilizing below the 50% level, as the momentum is clearly bearish. With ETH breaking the $3,300 to the downside once more, the next sweep toward the $3,000 zone and lower could come fast.

Sentiment Analysis

Long Liquidations

Sentiment-wise, liquidations wiped out a large portion of late long entries, creating a cleaner slate for the price to stabilize. The chart shows a major liquidation spike right before the small bounce, confirming the shakeout.

With many positions flushed and the RSI nearing oversold regions across multiple timeframes, the market might soon be due for a reset. Yet, traders are likely to stay cautious, waiting for clearer strength and a break back above $3,500 before reloading on longs.

On the other hand, a drop toward the $3,000 level could ignite another liquidation cascade and lead to an even more significant liquidation event, which could result in another flash crash in the upcoming weeks.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Ethereum

Argentine Exchange Ripio Launches Digital Peso as Part of Latam’s Stablecoin Rollout

Ripio stated that the Argentine peso stablecoin, wARS, would be available on Ethereum, World Chain, and Base, as a key element to expand the exchange’s infrastructure in Latam. It stated that additional local stablecoins would be launched to support several use cases using blockchain tech. Ripio Debuts Digital Peso in Argentina…
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