Ethereum Forecast and Analysis for December 19, 2024


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ETH/USD are trading at 3881 and continue to move within the framework of the development of growth and a bullish channel. Moving averages indicate a short-term upward trend in Ether. Prices are testing the area between the signal lines again, indicating pressure from buyers and a potential continuation of the asset’s decline from current levels. At the moment, we should expect an attempt to develop coin growth and a test of the resistance level near the 4015 area. From where we should again expect a downward price rebound and a continuation of the Ethereum rate decline with a potential target below the 3365 level.

Ethereum Forecast and Analysis for December 19, 2024

An additional signal in favor of a fall in ETH/USD quotes will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper border of the Double Top reversal pattern. The cancellation of the cryptocurrency fall option will be a strong increase in the Ethereum value and a breakout of the 4265 level. This will indicate a breakout of the resistance area and a continuation of the growth of ETH/USD quotes to the 4685 level. With a breakout of the support area and closing of quotes below the 3505 mark, which will indicate a breakout of the lower border of the bullish channel.

Ethereum Forecast and Analysis for December 19, 2024

Ethereum Forecast and Analysis for December 19, 2024 suggests an attempt at correction and a test of the resistance area near the level of 4015. Where should we expect a rebound and continued fall of the ETH/USD cryptocurrency to the area below the level of 3365. An additional signal in favor of the decline of Ethereum will be a test of the trend line on the relative strength indicator. The cancellation of the option of the fall of the digital currency will be a breakout of the 4265 area. Which will indicate continued growth of the digital currency with a potential target above the level of 4685.


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