The analysis suggests low trading volume and ongoing sideways trading, indicating minimal immediate price volatility based on current market conditions.
The analysis is based on standard technical observations from a crypto news source, with disclaimers about not being financial advice. while providing some technical levels, it also states that 'none of the sides is dominating,' suggesting a cautious and somewhat indecisive stance.
The primary expectation is for sideways trading due to low volume. while a bounce off $2,857 is possible, a close below it could lead to $2,800. for the midterm, staying below the $3,000 resistance makes an ongoing decline more likely, but the immediate outlook is range-bound.
The analysis points to sideways trading 'until the end of the week' and considers a 'midterm point of view' for the $3,000 resistance level.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The market is neither bullish nor bearish today, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap ETH/USD The rate of Ethereum (ETH) has risen by 1.33% over the last 24 hours. Image by TradingView On the hourly chart, the price of ETH has set a local support of $2,857. If a bounce off does not happen and the daily bar closes near that mark, the decline is likely to continue to the $2,800 range. Image by TradingView On the longer time frame, none of the sides is dominating, as the rate of the main altcoin is far from key levels. You Might Also Like Mon, 11/24/2025 - 11:48 DOGE Price Analysis for November 24 By Denys Serhiichuk Thus, the volume remains low, which means ongoing sideways trading is the most likely scenario until the end of the week. Image by TradingView From the midterm point of view, bulls have not accumulated enough energy to seize the initiative. In this regard, one should focus on the nearest area of $3,000. Until the price is below that mark, an ongoing decline is the most likely scenario. Ethereum is trading at $2,878 at press time. #Ethereum Price Prediction