Ethereum Price in November prediction

On Binance, ETH touched 1,895.95 on Nov. 13, the weakest level since Aug. 18. It was trading around 1,931 at about 13:30 IST, down 5.7% in 24 hours. The $2,200 line has not been reached since this market opened on Nov. 9, and the highest hourly High in that stretch was 2,143 USDT, on Nov. 9. That is the core of the lean toward Ether staying under $2,200 through November. The price is now roughly $270 below the target, and the trend has been pointing down. Binance's own technical read shows the 7-day average at $2,085, below the 25-day average at $2,259, which it calls a confirmed bearish trend. The relief bounce to $2,425 on Nov. 4 failed to hold. The pressure is broad. Reports indicate ETH fell below $2,000 for the first time since August, with about $259 million in leveraged positions forced closed in a day, most of them positioned for higher prices. US spot Ether ETFs recorded $144.8 million in net outflows on Nov. 11. Hot October inflation data and expectations of a Fed rate hike in December added to the mood. There is a counterargument. The daily RSI has dropped into oversold territory, and a sharp bounce is possible. Binance's resistance levels sit at $2,135 and $2,240, so a rebound would need to clear both. The thing to watch is whether ETH holds the $1,896 low. A clean break below $1,900 could invite further selling. A reclaim of $2,135 would be the first sign the picture is changing.