Ethereum (ETH) Current Statistics
The current price: $2,260.39
Market Capitalization: $271,606,216,334
Trading Volume: $12,931,209,999
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000
Ethereum (ETH) Price Analysis December 22, 2023
The price of Ethereum (ETH) recovered after falling below the 21-day (SMA) but it failed to sustain above $2,280.The largest altcoin has returned above the psychological price barrier of $2,000 but remains trapped between the moving average lines.
Buyers are seeking to keep the price above the 21-day simple moving average. This will force the altcoin to return to its prior high of $2,400. The cryptocurrency will face resistance at the $2,300 high if it regains its bullish momentum.
On the plus side, if Ether breaks above the $2,300 resistance level, the market will rally above $2,400. Following that, the bullish momentum will extend to highs of $2,500 and $3,000. ETH/USD will be trapped between the moving average lines if buyers are unable to keep the price above the 21-day simple moving average. Ether is currently valued at $2,263.20.
ETH Technical Indicators Reading
Currently, Ether is trapped between the moving average lines, but the cryptocurrency’s price is retesting the 21-day SMA to break through it. The moving average lines are heading north as Ether is starting to rise again. The candlestick on December 18 has a prominent tail, indicating strong purchasing at lower price levels.
Conclusion
Ether is moving sideways on the 4-hour chart but it fails to sustain above $2,280. The price of the altcoin has been fluctuating between $2,150 and $2,400. The increasing tendency is currently being impeded by the $2,260 high. Ether risks dropping if it is rejected at its current high.
You can purchase crypto coins here. Buy LBLOCK
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
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.