Ethereum Price Analysis – 25/11/2019

Ethereum price started November with fluctuations above $175 level and below $195 approximately. However, on the 18th of November the support level was broken out and the price experienced a significant decline, breaking $160 level. After the consolidation at the level of $150 the price dropped again almost to $130, reaching the price minimum since March 2019. Currently, the price moves above $130 level.

Bullish scenario: The $155 level is still the basic target of buyers. On a global scale, bulls are interested in the $155-$190 zone.
Bearish scenario: Bears are interested to test the $130 level and in case of this scenario the area of $100-80.
Neutral scenario: Further fluctuations near the control price of the $130-$155 area are expected.