Coinrate

Technical block: Resistance of the downward trend (beginning 11/10/21) holds the price of ETH and stopped the growth of the coin; impulse sales with high volatility and profit taking are observed. A strong buy signal will be generated after trading level 2065 Target values and support: 1920, 1694, 1677, 1510 Resistance: 2590, 2734 Quantitative analysis signals overbought conditions and critically high volatility. Forecast for 7-10 days: reduction to target values, then a consolidation stage and continued growth to 2590 in the event of a breakdown of 2065. Fundamental block: 1) Saudi Arabia will continue an additional voluntary reduction in oil production by 1 million bpd in December. 2) The Russian Federation will continue to reduce supplies of oil and petroleum products by 300 thousand b/d until the end of 2023, review of the decision in December - Novak - TAAS 3) The cost of servicing US debt continues to reach new highs, forcing us to think about easing monetary policy as soon as possible. Points 1 and 2 are positive for rising oil prices, which in turn accelerates global inflation. An imminent reduction in rates follows from point 3. These factors are positive for the growth of demand for protective assets - gold, cryptocurrencies, shares of mining companies.

Technical block: The price reached the target value of 37508, after which impulse sales with high volatility and profit taking began. BTCUSD is still in an uptrend, but stabilization and a return to average values are needed. The nearest resistance is in the range of 46000-48000 The nearest support target is 32111 (Level), then 30369, the next 27301. Buy orders are located at these levels. BTC's dominance is gradually decreasing relative to altcoins, but the coin's market capacity is growing. Participants diversify their portfolios with coins with greater growth potential than BTC. Quantitative analysis: As of 11/09/23, the BTC price is critically overbought, volatility has increased sharply, and there is a high probability of a pullback to target support levels. Forecast for 7-10 days: correction to target values 32111 or 30369, after correction price stabilization and further growth of 40k+ Fundamental block: 1) Saudi Arabia will continue an additional voluntary reduction in oil production by 1 million bpd in December. 2) The Russian Federation will continue to reduce supplies of oil and petroleum products by 300 thousand b/d until the end of 2023, review of the decision in December - Novak - TAAS 3) The cost of servicing US debt continues to reach new highs, forcing us to think about easing monetary policy as soon as possible. Points 1 and 2 are positive for rising oil prices, which in turn accelerates global inflation. An imminent reduction in rates follows from point 3. These factors are positive for the growth of demand for protective assets - gold, cryptocurrencies, shares of mining companies.

Technical Analysis for ETH: Support along the border of the global ascending trend and resistance of the descending trend (starting from 10.11.21) are holding the ETH price within a narrow corridor of 1500-1900. Target values and support are at 1694, 1677, 1510, with resistance levels at 1900, 2590. Quantitative Analysis suggests a phase of accumulation, followed by a phase of active movement with high volatility. 7-10 Days Forecast: There's a high probability of an impulsive decline towards support, followed by consolidation and continued growth to 1900-2000 to break the downward trend. Fundamental Analysis: 1) Coins such as BTC, SOL, XRP, FIL have been actively accumulated in traders' portfolios over the last 10 days. 2) Markets are now pricing in three 0.25% Federal Reserve rate cuts in 2024 — BBG. 3) The European Central Bank and the Bank of England are rolling back their high-interest rate policies. 4) Factors from points 2 and 3 are causing a shift of funds into deflationary assets, along with a renewed appetite for high-risk financial instruments.

Technical Analysis for BTC: The coins are actively gaining capitalization with the price being supported by an upward trend, gaining acceleration. The nearest resistance target is at 37,508. Support targets are located at 32,111 (Level), followed by 30,369, and then 27,301 where buy orders are placed. The domination of BTC is gradually decreasing in comparison to altcoins. Institutional players are diversifying their portfolios with coins of lesser capacity but with a higher growth potential compared to BTC. Quantitative Analysis: As of November 3, 2023, the BTC is significantly overbought, with a high likelihood of a pullback to the target support levels. 7-10 Days Forecast: A correction towards the target values of 32,111 or 30,369 is expected, followed by price stabilization and subsequent growth to 40k+. Fundamental Analysis: 1) Coins such as BTC, SOL, XRP, FIL have been actively accumulated in traders' portfolios over the last 10 days. 2) Markets are now pricing in three 0.25% Federal Reserve rate cuts in 2024 — BBG. 3) The European Central Bank and the Bank of England are rolling back their high-interest rate policies. 4) Factors from points 2 and 3 are causing a shift of funds into deflationary assets, along with a renewed appetite for high-risk financial instruments.