Ethereum Forecast and Analysis for December 25, 2024


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ETH/USD are trading at 3480 and continue to move within the framework of the growth and descending channel development. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices are again testing the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop a decline in the coin and a test of the support level near the 3265 area. From where we should again expect an upward rebound in prices and a continuation of the growth of the Ethereum rate with a potential target above the 3975 level.

Ethereum Forecast and Analysis for December 25, 2024

An additional signal in favor of the growth of ETH/USD quotes will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the upper border of the descending channel. The cancellation of the cryptocurrency rise option will be a fall in the Ethereum price and a breakout of the 3145 level. This will indicate a breakout of the support area and a continuation of the fall of ETH/USD quotes to the level of 2665. With a breakout of the resistance area and closing of quotes above the 3705 mark, which will indicate a breakout of the upper border of the descending channel.

Ethereum Forecast and Analysis for December 25, 2024

Ethereum Forecast and Analysis for December 25, 2024 suggests an attempt at correction and a test of the support area near the 3265 level. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the 3975 level. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength indicator. The cancellation of the digital currency growth option will be a breakout of the 3145 area. Which will indicate a continuation of the fall of the digital currency with a potential target below the 2665 level.


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