Ethereum Price Analysis: Can ETH Hold $1,853 as Weekly Losses Hit 10%?

• Ethereum price fell 10.38% this week to $1,906.61, nearing key support at $1,853. 
• A break below $1,853 could expose ETH to the historical $1,380–$1,560 support zone. 
• ETH remains below two weekly simple moving averages at $2,279.90 and $2,559.77.

Ethereum (ETH) was trading at $1,906.61 on November 14, down 10.38% for the week, according to TradingView data. The cryptocurrency had traded as high as $2,160.50 earlier in the week before falling to $1,878.

The losses extend a correction that began after ETH failed to break above $2,807. Since then, Ethereum has registered a series of lower highs and lower lows on the weekly chart. Attention has now shifted to support just below its current price.

Ethereum Price Risks Further Losses Below $1,853 Support

The first level to watch is $1,875, which marks the lower end of the trading range on the Murrey Math indicat…

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