ETH Price Prediction: Ethereum price today, November 22, 2022

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The price of Ethereum, the second most valuable cryptocurrency, fluctuates between $1,175 and $1,280.

As early as November 21, major cryptocurrencies were trading in the red, with the market cap of cryptocurrencies down nearly 4% from the first day to $803 billion. On the other hand, the total volume of the crypto market increased by 59% yesterday to $52.85 billion.

DeFi saw $4.60 billion in total volume, or 8% of the cryptocurrency market’s total 24-hour volume. While all stablecoins had a volume of $51 billion, or just over 97% of the cryptocurrency market’s 24-hour volume.

Ethereum price today, Ethereum price forecast

Ethereum is currently priced at $1,129 and has a 24-hour trading volume of $11 billion. Over 7% of Ethereum’s value has been lost in the past day. CoinMarketCap now ranks second with a live market capitalization of $138 billion. There are currently 122,373,866 ETH coins in circulation.

Ethereum is trying to regain the $1,100 level on the 4-hour chart. The bottom of the congruent triangle formed by ETH/USD has been broken, indicating the possibility of a significant bearish continuation.

On the upside, the previously breached triple bottom is expected to act as a major resistance below the 50-day moving average, raising major resistance at $1,215 on the chart.

Candles closing below this mark could push ETH below the $1,075 or $1,000 support range.

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