BTC and ETH Price Analysis for November 7

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BTC and ETH Price Analysis for November 7
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Have the top coins returned to the bearish zone? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum

The rate of Bitcoin has declined by 2.49% over the last 24 hours.

On the daily chart, Bitcoin has returned to the bearish zone as the price is below the important zone of . If buyers cannot seize the initiative soon, the fall may continue to the $20,400 mark. In addition, the volume is low, which means that not a lot of buyers are willing to buy at the current levels.Ethereum is even more of a loser than Bitcoin , falling by 2.77%.

Ethereum has lost the $1,600 mark, making bears more powerful than bulls. At the moment, attention should be focused on $1,500, as its possible breakout might lead to a sharp downward move to the $1,400-$1,450 zone by the end of the month.

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