There is a high chance of lowering the price of Ethereum on November 9 to $208,40 on a dynamic support level.
The four-hour chart the ETH/USD
Less than 4 hours before the close of the session the Ethereum in tandem with the dollar quoted at $212,60.
On the opening day bears a strong reduction of momentum broke through the key support level of $216,50. Session low price Ethereum set at $210,50.
Buyers ‘ attempts to restore the daily losses encountered strong resistance from the bears below the key level of $216,50.
Given the nature of the price movement of the ETH and the data from technical indicators, we assume that in the course of trading on 9 November, the parties will compete for the mirror $212,00.
There is a high probability of departing the bulls on a dynamic support level $208,40. Support to be formed by a line moving average EMA200.