Ethereum Price Analysis — November 1

The second-largest cryptocurrency has rallied back into the critical $4,330 - $4,380 juncture as bulls aim to refresh its all-time high at $4,460. ETH currently trades along an ascending trendline and the 4-hour 50 SMA, indicating a heavy bullish presence. That said, we should expect to see minor dips along the way, with the $4,200 support serving as the base of any bearish attempts. A break above the $4,460 should cement a $4,500 price tag for ETH and possibly higher.

Meanwhile, my resistance levels are $4,380, $4,460, and $4,500, and my support levels are $4,250, $4,200, and $4,100.

Total Market Capitalization: $2.65 trillion

Ethereum Market Capitalization: $513.9 billion

Ethereum Dominance: 19.3%

Market Rank: #2