ETH) Current Statistics
The current price: $2,315.57
Market Capitalization: $278,305,401,742
Trading Volume: $12,604,628,584
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000
Ethereum (ETH) Price Analysis December 14, 2023
The price of Ethereum (ETH) has returned above the 21-day simple moving average (SMA) as it faces another hurdle at $2,300. The largest altcoin rose to a high of $2,404 on the December 9 uptrend but was unable to maintain the bullish momentum above the recent high.
Buyers hope to drive the cryptocurrency back up to its prior highs of $2,500 and $3,000. The resistance at $2,400 stopped the bullish scenario. ETH/USD plummeted to a low of $2,137 as bulls bought dips. The recovery above the 21-day SMA has been gradual throughout the last week.
The upward corrective is being tested again near the high of $2,300. At the time of writing, Ether is trading at $2,289.20.
ETH Technical Indicators Reading
The price bars are above the moving average lines that are rising upwards. The price bars bounced above the 21-day SMA, resulting in the cryptocurrency’s bullish ascension. Ether is trading in the market’s overbought zone, as buyers struggle to hold the price above $2,400.
Conclusion
Ethereum has been trading in the $2,150 to $2,400 price range as it faces another hurdle at $2,300. The cryptocurrency was rising to retest or break the $2,400 barrier level for the second time. However, the rising trend is being met with another rejection at the high of $2,300.
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.