Ethereum (ETH) Price Analysis: Ether Is in a Sideways Move, Fluctuates Between $540 and $580


Key Highlights
Ethereum is in a sideways move below the $620 resistance zone
The crypto fluctuates between $540 and $580

Ethereum (ETH) Current Statistics
The current price: $584.49
Market Capitalization: $66,511,141,315 
Trading Volume: $10,126,712,486
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis December 13, 2020
Today, Ethereum is falling after retesting the $600 resistance zone. For the past three days, the crypto has been fluctuating between $540 and $580. Buyers have been able to sustain the price level above $560 high. In the previous price action, the upside momentum resumes when the price is sustained above $560 high. Ether is trading at $584 at the time of writing.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The altcoin is at level 54 of the Relative Strength index period 14. It indicates that the coin is in the uptrend zone and above the centerline 50. The price bars are above the SMAs which indicates a further upward move.

ETH/USD -4 Hour Chart

According to the Fibonacci tool, Ethereum is likely to move up but the uptrend will be shortlived. Meanwhile, the Fibonacci tool has indicated an upward move of Ethereum. On November 30 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This gives the impression that Ether will rise to level 1.618 Fibonacci extensions or the high of $729.31.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.