Top 5 Altcoins to Watch in November 2022: Ethereum is one of the top altcoins to pay close attention to. ETH price broke out from a descending parallel channel and is approaching a crucial resistance area at $1,710.
Chiliz (CHZ), Filecoin (FIL), and Merit Circle (MC) have also broken out from descending resistance lines, possibly indicating that their correction is complete. Meanwhile, Quant (QNT) is nearing the end of its correction and is in the midst of a fourth-wave pullback.
Ethereum (ETH) Price Completes Correction
- Price: $1,553.91
- Market cap: $190 Bn
- Rank: #2
On Sep. 21 and Oct. 13, ETH price bounced at the $1,270 horizontal support area (green icons). The second bounce created a very long lower wick, which is considered a sign of buying pressure.
Ethereum price has been increasing since and accelerated its rate of increase on Oct. 23. Two days later, the altcoin broke out from a descending parallel channel that had…
