Previous article VeChain price prediction as VET mirrors Ethereum (ETH) Next article THE MEME COIN RECKONING HAS COME NEXT 100x PRESALE? Buy Now Buy Now THE MEME COIN RECKONING HAS COME NEXT 100x PRESALE? Buy Now Buy Now Home Latest Cryptocurrency News VeChain price prediction as VET mirrors Ethereum (ETH) VeChain price prediction as VET mirrors Ethereum (ETH) By Benson Toti - min read 17 November 2023 VeChain (VET) price was at $0.023, down 5% in the past 24 hours, while Ethereum (ETH) traded near $1,940. Both altcoins have retreated from recent highs amid profit deals and as Bitcoin drops below $36k. VeChain (VET) broke higher earlier this month as the crypto sentiment around Bitcoin and Ethereum ETFs combined with other positive news to buoy buyers. VET surged as high as $0.023, the cryptocurrency’s highest level since April 30. But in reaching a six-month high, VeChain welcomed profit takers amid similar struggles for crypto and equities. Indeed, VET/USD is down 5% in the past 24 hours and nearly 8% this past week. VeChain’s 30-day gains are currently trimmed to just over 26% as price falls to $0.020. VeChain price outlook as ETH eyes major support area The struggles for VET price come as the top altcoin by market cap Ethereum battles to hold onto gains above $2k. Ether price is changing hands near $1,940 at the time of writing, down 3% in the past 24 hours and nearly 9% this past week. Ethereum price chart ETH touched highs of $2,136 on November 10, but has given up some of the gains as it fell to lows of $1,906. A return above the psychological $2,000 level is key to a bullish continuation. An analyst has predicted ETH could jump to $3,100. If ETH/USD falls below $1.9k, its possible bears will target $1,740. Looking at VeChain, we see a similar scenario where bulls are struggling to shed the sell-off pressure after prices spiked to multi-month highs. VeChain price chart Just as with ETH, VET’s daily chart shows a negative outlook suggested by the RSI and MACD indicators. If price falls below $0.020, downside momentum could push the cryptocurrency to $0.018. Further support could be found between $0.016 and $0.014. Share this article Categories Markets Tags ETH Vechain News VET