Ethereum Price Analysis — November 3

As mentioned earlier, ETH continues to crush new record highs as the second-largest cryptocurrency peaked near the $4,700 level in the early Asian session today. That said, the cryptocurrency has exhibited some signs of a bullish slowdown as it corrected mildly to the $4,500 support a little while ago. This correction comes as the price enters slightly overheated conditions. That said, I expect a subsequent correction to the $4,400 area followed by a sideways pattern between $4,400 and $4,500 to ease off the tension.

Meanwhile, my resistance levels are $4,600, $4,700, and $4,800, and my support levels are $4500, $4,380, and $4,200.

Total Market Capitalization: $2.71 trillion

Ethereum Market Capitalization: $534.4 billion

Ethereum Dominance: 19.6%

Market Rank: #2