Ethereum ETH/USD ends the trading week at the level of 3314 and continues to move within the bearish correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upwards, which indicates pressure from cryptocurrency buyers and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 3665 area. From where we should again expect a downward rebound and a continuation of the fall in the rate and cost of Ethereum with a potential target below the 2565 level.
Ethereum Forecast December 30, 2024 — January 3, 2025
An additional signal in favor of a fall in ETH/USD quotes in the current trading week of December 30, 2024 — January 3, 2025 will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the scenario of a decrease in the value of the cryptocurrency during the current trading week will be a strong growth and a breakout of the level of 3765. This will indicate a breakout of the resistance area and continued growth of ETH/USD quotes with a potential target above the level of 4165. The fall of the Ethereum cryptocurrency will be confirmed by a breakout of the support area and closing of quotes below the level of 2935, which will indicate a breakout of the lower border of the bullish channel.
Ethereum Forecast December 30, 2024 — January 3, 2025 suggests an attempt to develop a bullish correction and test the resistance area near the level of 3665. From where we should expect a downward rebound and a continuation of the fall of the cryptocurrency to the area below the level of 2565. An additional signal in favor of a decrease in the Ethereum rate will be a test of the trend line on the relative strength indicator. The cancellation of the fall scenario will be a strong growth and a breakout of the area of 4065. In this case, we should expect continued growth with a target above the area of 4165.
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