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Cryptocurrencies

Ethereum Price Prediction: ETH Remains Resilient Against Bitcoin

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Written By: Abdullah Sarwar

Nov 30, 2023, 16:12 GMT 16:12

Summary:

Ethereum Price Prediction: ETH/USD pair is still looking bullish as ETH/BTC keeps trending upwards. However, bulls still need to reclaim $2,148.

Ethereum (ETH) price remained sideways on Thursday despite a negative price action shown by Bitcoin and most other digital assets. As a result, while the ETH to USD price remained unmoved, the ETH/BTC pair was up 0.76% till press time.

At the press time, the native asset of the most widely used smart contract platform was trading at $2030 which was well below its weekly high of $2077. However, the outlook on ETH remains positive as most analysts are betting on the bullish continuation in the coming weeks.

The market dominance of Bitcoin (BTC.D) experienced a 0.37% correction today. This was the primary reason behind the strength shown by Ethereum and a few other digital assets.

The most critical level for Ethereum price right now is the yearly high of $2,148. This level must be reclaimed to aim for more upside till $2,500. However, this may only happen if the Bitcoin price soars above $38,000 in the coming days, as time is running out for the bulls.

ETH/BTC Chart

This post was last modified on Nov 30, 2023, 16:12 GMT 16:12

Written By: Abdullah Sarwar

Abdullah Sarwar is a blockchain analyst and a cryptocurrency investor with more than 5 years of experience. He specializes in providing crypto price projections based on their fundamentals and price charts. He is also a successful day trader. He graduated in 2015 with a degree in electronic engineering. In his free time, he loves listening to electronic music and playing with trading bots.