Ethereum [ETH] Price Analysis (11/11/2020)

At the time of writing, the Ethereum price was up 20 percent in the last week of trading versus the greenback. It is also outperforming BTC, adding seven percent within the same period.

From the daily chart, the path of least resistance is clear. Bulls are in control. Even though prices have been consolidating in the past five days or so, every low is technically a buying opportunity.

Advising this are bull bars propped by high participation levels. In the secondary chart, it is clear that investors have been pouring in. Even if prices are stalled, the above-average trading volumes and the rejection of lower lows after the Nov 7 bar printed is an indication of support in lower time frames.