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ETH Price Prediction: Bulls defend the $2,200s as momentum cools and derivatives stay balanced

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ETH Price Prediction: Bulls defend the $2,200s as momentum cools and derivatives stay balanced

Ethereum is holding just above a cluster of short-term support after a failed push toward $2,450, with spot price at $2,235.01 and 24-hour volume of $133.5 million on Binance. Technicals are mixed:...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

Ethereum is back in the low-$2,200s after a recovery attempt stalled. On the Binance spot market, ETH last traded at $2,235.01, down 0.51% on the day, inside a 24-hour range of $2,251.54 to $2,223.15. That leaves price only modestly above the immediate support cluster at $2,221.59 and strong support at $2,208.18, while the pivot point sits almost exactly on top of the current print at $2,236.57.

That setup matters because it shows the rebound has not yet escaped the same band that has contained price recently. Crypto.news said on November 5 that ETH had slipped back toward $2,240 after a failed push toward $2,450, and TradingView news also reported a rejection after midweek strength. In other words, the market has not confirmed that the latest bounce has turned into a sustained trend change.

The moving-average stack is still overhead. ETH is below its 7-day SMA at $2,272.09, its 20-day SMA at $2,317.86, its 12-day EMA at $2,283.06 and its 26-day EMA at $2,342.45. It is also well below the 50-day SMA at $2,485.29, which keeps the medium-term trend leaning lower even though the 200-day SMA at $2,156.54 is now acting as a lower anchor.


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