{"id":188352,"date":"2023-11-06T21:49:54","date_gmt":"2023-11-06T16:19:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-price-prediction-as-eth-breaks-200-day-correction-crypto-news\/"},"modified":"2023-11-06T21:49:57","modified_gmt":"2023-11-06T16:19:57","slug":"ethereum-price-prediction-as-eth-breaks-200-day-correction-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-prediction-as-eth-breaks-200-day-correction-crypto-news\/","title":{"rendered":"Ethereum Price Prediction As $ETH Breaks 200-day Correction &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-163557\">\n<p>\nEthereum Price Prediction: the completion of flag pattern set ETH for an extended recovery. Time to buy\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/tHI2TkqX-e1699287136509.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ETH price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 6 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Ethereum Price Prediction: During a robust bull run spanning from November 2022 to April 2023, followed by a corrective phase, the ETH coin has now formed a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-prediction-distribution-phase-hints-16-drop\/\">bullish flag pattern<\/a> in the daily timeframe\u2014a technical setup often seen as a consolidation before a potential continuation of an uptrend. This pattern\u2019s emergence aligns with the current market recovery sentiment, with Ether breaking above the pattern\u2019s upper trendline on November 5th, suggesting the possibility of an imminent strong upward movement.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-price-under-pressure-as-400-million-of-open-interest-wiped-out\/\">Ethereum Price Under Pressure As $400 Million Of Open Interest Wiped Out<\/a><\/p>\n<h2><b>Is ETH Price Ready to Surpass $2000?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A flag pattern is often spotted at an established uptrend offering buyers a temporary break before the next rally<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bullish breakout from the chart set ETH price for a potential 22% jump<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Ether is $8.6 Billion, indicating a 22% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/t\/tHI2TkqX.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/t\/tHI2TkqX.png\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bullish flag on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> chart has been clearly defined over seven months, with the coin\u2019s price oscillating between the pattern\u2019s converging trendlines.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Notably, this altcoin price has bounced off the pattern\u2019s upper boundary twice and its lower boundary four times, demonstrating its strong influence on the market\u2019s psyche. The last bounce from the lower boundary occurred on October 13th, sparking a 25% rally to the present price of $1911.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">This upward movement was accompanied by a decisive break of the resistance trendline, signaling a potential conclusion to the correction trend. Currently, with a modest 1% daily gain, the ETH price is positioned favorably after the resistance breakout, poised to target the $2340 mark, which would represent a 24% upside.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the projection from the flag\u2019s pole hints that the climb could extend toward the significant $3000 mark.<\/span><\/p>\n<h2><strong>ETH vs SOL Performance<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-163559\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"ETH vs SOL\" width=\"1200\" height=\"675\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/image_2023-11-06_21-38-21-e1699287196688.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-163559\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/image_2023-11-06_21-38-21-e1699287196688.png\" alt=\"ETH vs SOL\" width=\"1200\" height=\"675\"\/><\/noscript>Source: Coingape| Ethereum Vs Solana Price<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">The last three months\u2019 price period accentuates that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/solana\/\">Solana price<\/a> recovery has outperformed the second-largest cryptocurrency Ethereum. From mid-October, the SOL price picked up aggressive bullish momentum, which led to parabolic growth in the last three weeks, However, the ETH price is making a steady yet slow recovery trying to sustain its higher ground.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Super Trend:<\/b><span style=\"font-weight: 400;\"> A green film projected in the daily chart of this trend-defying indicator reflects a bullish sentiment in the market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">The daily ADX slope at a high of 50% reflects ETH price may witness some occasional pullback to keep sustaining high bullish momentum.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-as-eth-breaks-200-day-correction\/&#038;text=Ethereum Price Prediction As $ETH Breaks 200-day Correction; Is Rally to $3000 Imminent?\u00a0\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/ethereum-price-prediction-as-eth-breaks-200-day-correction\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-as-eth-breaks-200-day-correction\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/ethereum-price-prediction-as-eth-breaks-200-day-correction\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA163557\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD163557\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Price Prediction: the completion of flag pattern set ETH for an extended recovery. Time to buy Published 6 seconds ago Ethereum Price Prediction: During a robust bull run spanning from November 2022 to April 2023, followed by a corrective phase, the ETH coin has now formed a bullish flag pattern in the daily timeframe\u2014a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":188353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-188352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/188352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=188352"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/188352\/revisions"}],"predecessor-version":[{"id":188354,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/188352\/revisions\/188354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/188353"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=188352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=188352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=188352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}