Ethereum Trades Marginally as It Remains Stable above $1,200
Login

Ethereum Trades Marginally as It Remains Stable above $1,200

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Ethereum ETH) Current Statistics
The current price: $1,221.38
Market Capitalization: $149,465,446,822
Trading Volume: $2,551,254,120
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000

Ethereum (ETH) Price Analysis December 24, 2022
Ethereum (ETH) price has recently picked up bullish momentum as it remains stable above $1,200. As the cryptocurrency gained support above $1,157 on December 16, sellers attempted to drive it lower. Ether’s price did, however, rebound on December 20 after retesting the 21-day simple moving average. The moving average lines may provide resistance to the current bullish trend. On the upside, Ether will regain bullish momentum if the price breaks above the moving average lines and the $1.300 resistance. The biggest altcoin will reach previous peaks of $1,400 and $1,600 if buyers are successful. The altcoin will drop to the current support if it is rejected at the moving average lines.

Ethereum Trades at a Marginal Level as Prices Remain Stable above ,200
ETH/USD – Daily Chart

ETH Technical Indicators Reading
Because of the recent price recovery, Ether has reached the Relative Strength Index level of 47 for period 14. Ether is in a bearish trend and is expected to fall further. Price declines are indicated by price bars that are lower than the moving average lines. Ether is approaching the daily Stochastic level of 75.

Conclusion
The price of Ethereum is increasing on the 4-hour chart as prices remain stable above $1,200. As Ether approaches the overbought region, the upward correction is likely to be rejected. Ether will decline if sellers show up in the overbought area. The altcoin will exceed the $1,100 support level.

Ethereum Trades at a Marginal Level as Prices Remain Stable above ,200
ETH/USD – 4 Hour Chart

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News