Ethereum (ETHUSD) Price Forecast: November 15
ETHUSD is very likely to continue growing and the next price target could be the $2500 supply level as we are seeing a bullish correction in place. The daily candle breakout at the $2075.44 high level suggests that buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $2131.91 high level, the potential rally could surge higher to hit the $2500 upper resistance value and beyond.
Key Levels:
Resistance Levels: $1800.00 $1900.00, $2000.00
Support Levels: $1400.00, $1300.00, $1200.00
ETH (USD) Long-term Trend: Bullish (Daily Chart)
ETHUSD rebounded after completing its low dips. The coin is now in the bullish market trend and the next price target could be the $2500 in the upper resistance area in its long-term outlook. 
The market shows that the price may now be trading in a new ascending channel. Further, the coin is trading above the moving averages making higher highs and moving towards the upper resistance area.
The bulls were able to push the coin to the $2131.91 resistance level with a long candle in the past few days; this has made it easier for the crypto to remain strong in an uptrend in recent times.
Market price reversal at level $2075.44 above the moving average as the daily chart resumes today indicates that Ethereum’s investors are active and ready to move the price up to a significant level at the upside.
Therefore, should the bulls step up their games in the market, the price of Ethereum may likely surge above the key levels at $2131.91 which could result in more intraday gains for the interested traders.
In addition, daily closing above the $2131.91 previous high level could invalidate the bearish outlook, and the price’s next target could be the $2500 upper resistance value and beyond soon in its long-term perspective.
ETH (USD) Medium-term Trend: Bullish (4H Chart)
The momentum on the medium-term outlook is in an ascending channel as can be seen from the chart below. The coin prices are traded above the EMA-50 and the next price target could be the $2500 at the upper channel.
The bullish impact to a $2066.93 high mark in the past action has sustained the Ethereum price above the supply line in its recent high.
Despite the interactions from the short traders, the bulls caused a rise to a $2062.13 high level above the EMA-50 as the 4-hour chart opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at present.
Thus, the buyers need to add more pressure to their activities to move the market beyond the current price level.
However, the price of ETHUSD may possibly rise further if the current support level at $2039.53 holds. The next price target could be the $2500 supply level and beyond in its medium-term time frame.
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