$3000 or $1500, Where Ethereum Price is Heading this November?

Over the past two weeks, the Ethereum Price has exhibited a remarkable recovery on its daily chart, surging 17.8% from its local support at $15.25 to currently trade at $1798. However, this rally appears to be hitting a resistance wall around the $1,850 level, mirroring the supply pressure faced by the leading cryptocurrency Bitcoin. This heightened supply pressure evidenced by the long-wick rejection candles casts doubt on the durability of the ongoing recovery.