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Daily: Ethereum Set New ATH at $4,640</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Nov 03, 2021</li><li>05:11</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: Ethereum Set New ATH at $4,640" alt="Crypto Daily: Ethereum Set New ATH at $4,640" fetchpriority="high" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F11%2Fdaily_3rd_nov.jpg&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F11%2Fdaily_3rd_nov.jpg&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F11%2Fdaily_3rd_nov.jpg&w=1920&q=75"/></div><div class="content_block"><p><span style="font-weight:400">The cryptocurrency market experienced a strong rise yesterday. Bitcoin rose to $63,000, broke through the upper border of the descending channel, and consolidated above it. This triggered the growth of other cryptocurrencies, many of which showed very strong results.</span></p><p><span style="font-weight:400">Ethereum has become one of the most visible assets on the market. Its price has set a new all-time high again and continues to grow further. Let’s take a look at the chart of the second-largest cryptocurrency by capitalization and see if the uptrend continues further:</span></p><p><img loading="lazy" class="alignnone size-large wp-image-12585" src="https://webinar.choise.com/wp/2021/11/ETHUSDT_2021-11-03_10-30-04-1024x607.png" alt="Ethereum trading analysis" width="1024" height="607"/></p><p><span style="font-weight:400">Ethereum has been showing strong upward momentum over the past month. During this time, its price has increased by 67%, which is a significant result. All this time, the chart is moving in an ascending channel. The price constantly bounces off the upper and lower boundaries, which gives reason to believe about the strength of this formation.</span></p><p><span style="font-weight:400">Ethereum rose 8% yesterday and set a new all-time high at $4,640. This is $180 more than the previous record price. This jump was associated with news from the largest commodity futures exchange in the world – CME. The managing director of the exchange noted that they are going to launch micro-futures on Ethereum on December 6th, 2021.</span></p><p><span style="font-weight:400">This news turned out to be positive for the entire crypto community and many market participants rushed to buy Ethereum. As a result, the trading volume increased by 25% and amounted to $21 billion per day.</span></p><p><span style="font-weight:400">Even more revealing is the Ethereum chart on a weekly timeframe:</span></p><p><img loading="lazy" class="alignnone size-large wp-image-12586" src="https://webinar.choise.com/wp/2021/11/ETHUSDT_2021-11-03_10-51-14-1024x558.png" alt="Ethereum price" width="1024" height="558"/></p><p><span style="font-weight:400">First, there is a clear bowl-and-handle pattern here. If this formation is worked out, the price may rise to $6,300. This pattern was formed on the weekly timeframe, so we can speak of a high probability of this pattern being worked out.</span></p><p><span style="font-weight:400">Secondly, the chart itself looks very strong. Recent candles are growing steadily and this trend may continue in the coming weeks. Considering that Ethereum has established a new ATH and has firmly consolidated itself at these levels, we can say that continued growth will be inevitable.</span></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: Ethereum Set New ATH at $4,640</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Ethereum Set New ATH at $4,640"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Ethereum Set New ATH at $4,640 - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Ethereum Set New ATH at $4,640 - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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$4,640","date_created":"2021-11-03T05:48:32.000Z","image":null,"old_image":"https://webinar.choise.com/wp/2021/11/daily_3rd_nov.jpg","seo_image":null,"category":{"id":"82","title":"Daily Analysis","slug":"dailyanalysis","translations":[{"title":"Daily Analysis","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: Ethereum Set New ATH at $4,640","content":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe cryptocurrency market experienced a strong rise yesterday. Bitcoin rose to $63,000, broke through the upper border of the descending channel, and consolidated above it. This triggered the growth of other cryptocurrencies, many of which showed very strong results.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEthereum has become one of the most visible assets on the market. Its price has set a new all-time high again and continues to grow further. Let\u0026#8217;s take a look at the chart of the second-largest cryptocurrency by capitalization and see if the uptrend continues further:\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12585\" src=\"https://webinar.choise.com/wp/2021/11/ETHUSDT_2021-11-03_10-30-04-1024x607.png\" alt=\"Ethereum trading analysis\" width=\"1024\" height=\"607\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEthereum has been showing strong upward momentum over the past month. During this time, its price has increased by 67%, which is a significant result. All this time, the chart is moving in an ascending channel. The price constantly bounces off the upper and lower boundaries, which gives reason to believe about the strength of this formation.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEthereum rose 8% yesterday and set a new all-time high at $4,640. This is $180 more than the previous record price. This jump was associated with news from the largest commodity futures exchange in the world \u0026#8211; CME. The managing director of the exchange noted that they are going to launch micro-futures on Ethereum on December 6th, 2021.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThis news turned out to be positive for the entire crypto community and many market participants rushed to buy Ethereum. As a result, the trading volume increased by 25% and amounted to $21 billion per day.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eEven more revealing is the Ethereum chart on a weekly timeframe:\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12586\" src=\"https://webinar.choise.com/wp/2021/11/ETHUSDT_2021-11-03_10-51-14-1024x558.png\" alt=\"Ethereum price\" width=\"1024\" height=\"558\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eFirst, there is a clear bowl-and-handle pattern here. If this formation is worked out, the price may rise to $6,300. This pattern was formed on the weekly timeframe, so we can speak of a high probability of this pattern being worked out.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eSecondly, the chart itself looks very strong. Recent candles are growing steadily and this trend may continue in the coming weeks. Considering that Ethereum has established a new ATH and has firmly consolidated itself at these levels, we can say that continued growth will be inevitable.\u003c/span\u003e\u003c/p\u003e","short_content":"The altcoin market has continued to outpace Bitcoin in growth rates over the past two weeks. Because of this, the dominance of Bitcoin has been steadily declining.","seo_title":null,"seo_description":null,"seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"crypto-daily-ethereum-set-new-ath-at-4-640"},"buildId":"pnPclDEvF5ORCHIipmwih","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>