Ethereum (ETH) Price Prediction for December 21
12/21/2024 19:52
How long will decline of Ethereum (ETH) last?
Original U.Today article
How long will decline of Ethereum (ETH) last?
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Buyers are trying to restore the lost initiative, according to CoinMarketCap.
ETH/USD
The rate of Ethereum (ETH) has dropped by 6.58% over the last 24 hours.
On the hourly chart, the price of ETH is approaching the local support of $3,393. If a breakout happens, the correction may continue to the $3,300 range shortly.
On the bigger time frame, bulls have failed to keep yesterday's growth. If today's bar closes around the current prices or below, there is a chance of a test of the support level of $3,252 by the end of the week.
From the midterm point of view, one should focus on the weekly candle closure.
Related
If it happens near $3,200, traders may witness an ongoing decline the upcoming week.
Ethereum is trading at $3,406 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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